Investment fund market continues to soar

The investment fund market (TFI) continues its dynamic growth. In August alone, assets increased by zł. 1.7 billion, (5.13%), which was slightly less than in July when assets grew by zł. 1.8 billion. By the end of last month, TFIs' total assets topped zł. 35 billion which means a growth of over 54%, or zł. 12.4 billion. In August, two funds, PKO/Credit Suisse and Górno śląskie TFI, recorded a minor drop in the value of their assets. "This is a short-term trend and we will improve the situation over the coming months," claims Cezary Burzyński, Deputy President of Pekao/CS TFI. Since the b eginning of the year, the largest increase of assets was recorded by the TFIs of Kredyt Bank (514%), CU (387%), SEB (262%), and Millenium (85%). For the first time this year, the largest dynamics were recorded by stock funds by 38.9% and the balanced ones by 35.6%. (Puls Biznesu, pp. 1, 9) M.M.