Analizy Online: TFIs with PLN 8.6 bln outlows in April

Polish investment funds (TFIs) recorded a PLN 8.6 billion net outflows in April, largely due to nearly PLN 10 billion in net outflows from one of the non-retail Skarbiec TFI funds. Cash funds recorded PLN 1.8 billion net inflows, which brings the year-to-date figure to PLN 7.4 billion, according to Analizy Online data. “Dedicated funds account for almost half of the market, and the value of some of them amounts to several PLN billion. Such movements, as in April, can happen. However, the market orientation should be examined from a wider point of view. From this perspective, I am calm about further increases,” said Marcin Dyl, President of the Management Board of IZFiA. Debt funds enjoyed PLN 290 million net inflows despite the corporate bond funds suffering PLN 180 million in net outflows, stemming from the troubled debt-collector GetBack issues with redeeming its bonds. Equity funds lost PLN 430 million, while mixed funds saw PLN 280 million in net outflows.