The volume of assets held by Czechs in mutual funds increased by CZK 43 billion in the second quarter to a record CZK 1.063 trillion. The largest increase was recorded by bond funds, where the volume of assets deposited increased by CZK 16.6 billion. This was announced today by the Capital Market Association (CMA).
“In the second quarter of this year, we saw a continued trend of strong growth in the volume of assets, which began in 2023. We expect further interest rate cuts in all key markets to continue to support this growth,” said AKAT Chairman Jaromír Sladkovský. “The recent sharp declines in the markets and the very rapid bounce back have shown that investors have confidence in the stability of the current economy and its future growth prospects,” he added.
Bond funds grew the most, with assets increasing by CZK 16.6 billion to CZK 409 billion in the second quarter. The volume of assets in mixed funds increased by 14.2 billion to CZK 297.8 billion, while equity funds grew by 8.5 billion to CZK 249.4 billion. “The growth was driven by both appreciation of already invested funds and inflows of new investments,” said AKAT executive director Jana Brodani.
At the end of March, the top five domestic and foreign collective investment fund intermediaries in the Czech Republic included Česká spořitelna, ČSOB, Komerční banka, Conseq and Amundi. A total of 89 percent of the assets deposited in the funds are held by natural persons, the remaining 11 percent by legal entities.
Last year, the volume of assets held by Czechs in mutual funds rose by CZK 187.1 billion to CZK 938.6 billion. AKAT described 2023 as the most successful year in the association’s history. Since the beginning of this year, the volume of assets deposited in funds has increased by CZK 124.9 billion.
Source: CTK
