Investment funds with PLN 4.6 bln net inflows in January

Polish investment funds recorded PLN 4.6 billion in net inflows in January, according to data released by Analizy Online and IZFiA. The result is 1.7 percent higher m/m and 8.2 percent y/y. At end-January investment funds' AuM totaled PLN 283.6 billion. “The results were boosted by a favorable situation on global capital markets. In many aspects, it was a record start of the year. Suffice to say that the S&P 500 index increased by 5.6 percent, the highest January figure in this century. The wave of optimism from the US market has shifted to other markets, including Poland. The WIG index grew by 3.6 percent. This supported the results of the equity funds, and combined with a positive sales balance contributed to the increase in assets in this segment by PLN 1.4 billion m/m (4.1 percent growth),”Analizy Online said. Moreover, cash and money market funds recorded over PLN 1.5 billion in net inflows. Mixed funds enjoyed PLN 797 million net inflows.