Among Poles who declare that they have savings, 9 percent of the respondents invested in investment fund units. Over the next 12 months, 7 percent of Poles plan to invest in this asset class, according to the Santander Bank Polska study ‘Financial DNA of Polish Women and Poles 2020’.

"Three out of four Poles have heard about investment funds, and in cities with more than 500,000 inhabitants, it is difficult to find someone who has not heard about them (92 percent positive answers). Slightly more than half of the people with primary education (55 percent) and 89 percent of people with higher education know that there are such solutions. The higher the income per person or the whole household, the greater the likelihood that someone has heard of or more closely acquainted with investment funds," the report reads.

Although most Poles have heard about investment funds, only 6 percent of all respondents have participation units. 

The lack of popularity of this form of investing financial surpluses may result from the fact that half of the Poles (51 percent of respondents) consider investment funds to be a product aimed rather at wealthy people. Meanwhile, in the case of most open-end investment funds (FIO), you can start investing with an amount not exceeding several hundred zlotys. The first payment varies from PLN 50 to PLN 1,000.

The study also shows that, according to the opinion of almost half of Poles (49 percent of respondents), investment funds bind the client for many years.

"The facts are that in open-end investment funds (FIO), an order to withdraw funds can be submitted at any time, and its execution takes a maximum of seven days. In practice, in the case of many societies, even shorter," the report reads. 

(ISBnews)