Investment Funds and Asset Management Market in Poland, 2020-2022 provides a comprehensive overview of investment funds and asset management sector in Poland. The analysis covers three main pillars of the market including mutual funds, insurance, and pension assets. The report also includes a mid-term forecast of key volumes for the period 2020-2022.
In line with trends observed in previous years, assets under management in Poland remained very volatile in 2019 and in the 1st half of 2020. Total assets went down to PLN 588 billion in H1 2020 and this drop could be attributed to a very weak performance of equity markets impacted by accelerating COVID-19. The extraordinary situation has negatively affected all segments of the AM sector, although this was not equally visible across particular segments, in particular in the case of the 3rd pillar, where strong new inflows more than offset falling valuations.
Market Outlook
Overall assets under management in Poland are expected to fall in 2020 but then rebound through 2022. Particularly promising will be the 3rd pillar pension segment where significant new flows will drive AuM regardless of their initial performance. The new legal framework, in force since mid-2019, has mandated employers to enroll their employees and to match employee contributions. A further boost to 3rd pillar assets will be supplied by the final dismantling of 2nd pillar pension funds, expected around 2021-2022.
Table of Contents
1. Executive Summary
Companies Mentioned
- Altus TFI
- Aviva TFI
- Ipopema TFI
- Izba Zarzadzajacych Funduszami i Aktywami IZFA
- Komisja Nadzoru Finansowego KNF
- Narodowy Bank Polski NBP
- Nationale Nederlanden
- NN IP TFI
- Pekao TFI
- PKO TFI
- Santander TFI
- Skarbiec TFI
- TFI PZU
