Investment Funds And Asset Management Market in Poland, 2017-2019

  • ID: 4398356
  • Report
  • Region: Poland
  • 54 Pages
  • Inteliace Research
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  • Altus
  • Investors TFI
  • Millennium TFI
  • Pioneer Pekao
  • PZU
  • MORE

The report: "Investment Funds and Asset Management Market in Poland 2017-2019" provides a comprehensive overview of investment funds and asset management sector in Poland. Analysis covers three main pillars of the market including: mutual funds, insurance and pension assets. Report includes also mid-term forecast of key volumes for the period 2017-2019.

Similarly to other reports the data has been presented in a form of horizontal presentation. Report contains 37 slides on 54 pages.

Investment funds create the largest part of the asset management industry in Poland. The value of fund assets jumped by PLN 13 billion PLN or 5%, only in the first six months of 2017. Most of the recent growth in fund assets could be observed in retail, open-end and non-dedicated funds, which indicates that small investors are back to the market. Clients are encouraged by solid past management performance and by low opportunity cost - interest rates on bank deposits at record lows. The ongoing conversion process of bank deposits is likely to persist in the near future as central bank (NBP) is expected to keep interest rates at current levels. 


New inflows from individual clients will fuel assets in investment funds, unit-linked insurance and Pillar III pension plans. The persistence of exceptionally low interest rates will also support the bank deposits conversion. However, the most important growth factor for the industry, remains the constantly increasing wealth and savings of individuals resulting from higher employment and wages.  The institutional part of asset management business is also likely to expand in future, although at slower rates.

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  • Altus
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1. Executive Summary

2. Asset Management Market
Slide 1: Asset management market in Poland - Key Segments, 2017 H1
Slide 2: Assets under management evolution, 2012-2017 H1
Slide 3: Top asset managers (groups) by AuM, 2017 H1
Slide 4: Key upcoming regulatory changes: MIFID II, Pillar II dismantling

3. Investment Funds
Slide 5: CEE 8 Investment fund industry - size vs. growth matrix, 2014-2017 H1
Slide 6: CEE investment funds penetration benchmarks, 2017 H1
Slide 7: Evolution of assets, number of funds & managers 2012-2017 H1
Slide 8: Fund assets by type of fund 1/2, 2012-2017 H1
Slide 9: Fund assets by type of fund 2/2, 2012-2017 H1
Slide 10: Top players in investment fund market, 2017 H1
Slide 11: Market share evolution of top fund managers, 2015-2017 H1
Slide 12: Distribution channels for investment funds, 2017 H1
Slide 13: Investment fund assets flows, 2012 Q1- 2017 Q2
Slide 14: Fund assets structure, 2017 H1
Slide 15: Ownership of funds by groups (retail/financial/other), 2010-2017 Q1
Slide 16: Local funds invested in foreign assets and foreign funds, 2017 H1
Slide 17: Assets of foreign funds, 2012-2017 H1
Slide 18: Fees and commissions charged by top fund managers, 2017 H1
Slide 19: Revenues and costs of fund managers, 2016
Slide 20: Profitability tree for fund managers, 2013-2016
Slide 21: Top players’ profiles - Ipopema TFI
Slide 22: Top players’ profiles - PKO TFI
Slide 23: Top players’ profiles - PZU TFI
Slide 24: Top players’ profiles - Skarbiec TFI
Slide 25: Top players’ profiles - Pioneer Pekao TFI
Slide 26: M&A transactions including fund managers in Poland (2010-2015)
Slide 27: M&A transactions, 2016-2017, including pending deals
Slide 28: Product innovation - Absolute return funds, 2012-2017H1

4. Pension
Slide 29: Pillar II: Sector evolution, 1998-2017
Slide 30: Pillar II: Assets, members, average account value, 2012-2017 H1
Slide 31: Pillar II: Asset managers, 2017 H1
Slide 32: Pillar II: Foreign investment limits
Slide 33: Pillar II: fund managers profitability tree, 2014-2017 H1
Slide 34: Voluntary pension (Pillar III) - Assets, members, 2013-2016

5. Insurance
Slide 35: Technical reserves by type evolution, 2012-2017 H1
Slide 36: Technical reserves by segment and by company , 2015
Slide 37: Profitability of life insurers, 2012-2016
Slide 38: Profitability of non-life insurers, 2012-2016

6. Forecasts
Slide 39: Asset Management Market: Mid-term forecast (investment fund assets, pension assets, insurance investments) 2017-20197. Notes on methodology

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  • Altus
  • Amundi
  • Aviva
  • Investors TFI
  • Ipopema
  • Izba Zarzadzajacych Funduszami i Aktywami IZFA
  • Komisja Nadzoru Finansowego KNF
  • Millennium TFI
  • Narodowy Bank Polski NBP
  • Nationale Nederlanden
  • Pioneer Pekao
  • Pioneer Pekao TFI
  • PZU
  • Quercus
  • Skarbiec TFI
  • Union Investment TFI
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