Almost 90% of the approximately 1,000 domestic and Luxembourg investment funds analysed (in PLN) made profits in February, Analizy.pl reported.
It was a successful month for TFI clients. Almost 90% of the approximately 1,000 domestic and Luxembourg investment funds we analysed (in PLN) made profits in February. This is the result of the good situation on foreign equity markets, especially in the technology sector. The bull market, after a correction in January, also returned to the WSE, it report.
In the medium term, the highest profit was generated by Polish small and medium-sized company shares funds (5.7%) and Polish universal shares (5.4%). The worst performers, for another month in a row, were precious metal market funds, which lost an average of 3% during this period, it further reported.
“The conjuncture in the debt markets was reflected in the performance of the funds. In February, the highest rates of return in average terms were generated by Polish debt funds with universal strategy (+0.7%). […] Long-term treasury debt funds performed poorly last month, as they lost 0.2% in average terms, it concluded.
Source: Analizy.pl and ISBnews
