OFE assets grow in January

Net assets under management of open pension funds (OFE) totaled PLN 183 billion at the end-January, up by 2.6 percent m/m, the Financial Supervision Authority KNF reported. The three biggest funds in terms of net assets (out of 11 currently operating) are: Nationale-Nederlanden OFE (PLN 45.9 billion), Aviva OFE Aviva BZ WBK (PLN 40.39 billion) and OFE PZU 'Złota Jesień' (PLN 23.86 billion). January results showed a significant, 3.1 percent increase in equity holdings allocation, which was the highest since May 2015. Overall, shares of WSE-listed companies account for PLN 145.89 billion of AuM.