Billions of złoty flow back into investment funds after PKO BP floatation
Their total value reached zł.35.4 billion and was zł.1.35 billion bigger than at the end of October, which suggests that this is money that was left over after the closure of PKO BP's share launch. Investment fund losses in the previous months were connected with PKO BP's floatation, as clients withdrew money to finance PKO BP savings accounts or investment accounts that were later used for buying PKO BP shares. In October alone the outflow of money from investment funds accounted for zł.750 million. However, a report by Analizy Online revealed that more money was put into investment funds in November than taken from them in the previous two months. This resulted in an increase in assets and account balances for September, October and November combined, to a level of zł.1.3 billion. (Parkiet p.7) M.G