Does TFI Union Investment mark the beginning of a wave of fund mergers?

The Union Investment TFI investment fund has turned to the Securities and Stock Exchange Commission (KPWiG) to examine the possibility of allowing it to merge two of its controlled units, UniDynamic Europa and UniXXI Wiek. Both of these funds specialize in foreign markets investments, managing a total of zl. 13 million. "This is the first motion to merge investment funds which has been submitted to the KPWiG", said Witold Pochmara, the director of the investment fund department at the Commission. If the Commission agrees, the new fund will continue the strategy of UniXXI Wiek. All UniDynamic Europa clients, in turn for their stakes, will receive the equivalent value of shares of UniXXI Wiek. (Parkiet, p. 6) A.K.