New future for GTFI
Górnolšskie Towarzystwo Funduszy Inwestycyjnych (GTFI) wants to increase its assets from the current zł.230 million up to zł.3 billion in five years, offering debt and real-estate investment instruments. The announcement comes after IDM brokerage house bought a 75-percent stake in the company for zł.4 million.
"GTFI is a small entity at the moment and we're not saying that we want to make it to the top three or five investment funds on the market. We are counting on zł.2-3 billion within the next five years as it seems realistic. That would translate into a four- to five-percent share in the market, maybe less considering how fast it is developing," Tomasz Adamski, GTFI president, told a press conference.
Within the IDM capital group, GTFI will develop its own network of some 20 agents and start cooperation with external networks. Its first investment products will be sold at the end of this year. GTFI will opt for higher risk investment instruments.
"We would like to offer a wider range of products than what's currently available on the market - shares unbound to the WIG20 index. We want our customers to be able to invest in shares but also on the commodity and currency market. We also want to use the experiences of Electus [a company within the IDM group], which proves that debt trading is a profitable investment, and offer real-estate investment funds," says Adamski.
Rafał Abratański, deputy CEO of IDM SA, also announced that the company is preparing another takeover in the financial-services sector although he refused to talk about the project in much detail. He also suggested that IDM is negotiating with a firm that is preparing a bourse debut.
"One of the companies we're talking to could be compared to Bioton that debuted on the WSE last year. We are very close to signing the deal," he said.
