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Investment Funds and Asset Management Market in Poland, 2020-2022

  • ID: 5180913
  • Report
  • October 2020
  • Region: Poland
  • 54 Pages
  • Inteliace Research
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FEATURED COMPANIES

  • Altus TFI
  • Aviva TFI
  • Ipopema TFI
  • Narodowy Bank Polski NBP
  • Nationale Nederlanden
  • NN IP TFI
  • MORE

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.

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FEATURED COMPANIES

  • Altus TFI
  • Aviva TFI
  • Ipopema TFI
  • Narodowy Bank Polski NBP
  • Nationale Nederlanden
  • NN IP TFI
  • MORE

1. Executive Summary

2. Asset Management Market

  • Slide 1: Asset management market in Poland: Key Segments, 2020 H1
  • Slide 2: Assets under management evolution, 2016-2020 H1
  • Slide 3: Top asset managers (groups) by AuM, 2020 H1

3. Investment Funds

  • Slide 4: CEE 8 Investment fund industry - size vs. growth matrix, 2017-2020 H1
  • Slide 5: CEE investment funds penetration benchmarks, 2020 H1
  • Slide 6: Evolution of assets, number of funds & managers 2015-2020 H1
  • Slide 7: Fund assets by type of fund (open-end, closed), 2015-2020 H1
  • Slide 8: Fund assets by type of fund (public/non-public assets), 2015-2020 H1
  • Slide 9: Fund assets by underlying asset mix, 2017-2020 H1
  • Slide 10: Top 10 players in investment fund market, 2020 H1
  • Slide 11: Market share evolution of top fund managers, 2018-2020 H1
  • Slide 12: Products: Absolute return funds, 2014-2020 H1
  • Slide 13: Innovation in distribution- online platforms, 2020
  • Slide 14: Investment fund assets flows, 2017Q1-2020 Q2
  • Slide 15: Fund assets structure - by declared investment profile, 2020 H1
  • Slide 16: Ownership of funds by groups (retail/financial/other), 2014-2020 Q1
  • Slide 17: Local funds invested in foreign assets and foreign funds, 2020 H1
  • Slide 18: Assets of foreign funds, 2015-2019
  • Slide 19: Fees and commissions charged by top fund managers, 2020 Q3
  • Slide 20: Revenues and costs of fund managers, 2019
  • Slide 21: Profitability tree for fund managers, 2016-2019
  • Slide 22: Regulations: The new fixed fund management fee cap
  • Slide 23: Top players' profiles - Ipopema TFI
  • Slide 24: Top players' profiles - PKO TFI
  • Slide 25: Top players' profiles - PZU TFI
  • Slide 26: Top players' profiles - Pekao TFI
  • Slide 27: Top players' profiles - NN IP TFI
  • Slide 28: M&A transactions including fund managers in Poland, 2010-2016
  • Slide 29: M&A transactions, 2017-2019

4. Pension Funds

  • Slide 30: Composition of the pension sector in Poland
  • Slide 31: Pillar II: Assets, members, average account value, 2015-2020 H1
  • Slide 32: Pillar II: Pension top asset managers, 2020 H1
  • Slide 33: Pillar II: Pension managers profitability tree, 2016-2019
  • Slide 34: Pillar III (Voluntary) - Assets, members, 2017-2020 H1
  • Slide 35: Pillar III - New regulations - PPK (3rd pillar) vehicles

5. Insurance Assets

  • Slide 36: Technical reserves by type evolution, 2015-2020 H1
  • Slide 37: Technical reserves by segment and by company, 2019
  • Slide 38: Profitability of life insurers, 2015-2019
  • Slide 39: Profitability of non-life insurers, 2015-2019

6. Forecasts

  • Slide 40: Asset Management Market: Mid-term forecast: investment fund assets, pension assets (p2, p3), insurance investments, 2020-2022

7. Notes on methodology

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  • 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
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