Pioneer and Skarbiec leading investment fund pack

The combined assets owned by investments funds increased in April by zl.335 million, reaching a total of zl.5.534 billion. Skarbiec still leads the sector, managing capital of zl.1.87 billion at the end of April. The second-place investment fund on the Polish market is Pioneer, with assets totalling zl.1.39 billion. These two are the only funds whose assets exceed zl.1 billion. After its anticipated merger with Pekao/Alliance, Pioneer may pull ahead of Skarbiec to become sector leader at the end of June. Although there was generally a marked increase of interest in funds during the month of March, it is difficult to give a clear reading of the situation in April. Corporate clients of investment funds were choosing safer funds, which resulted in the increases in assets. (Prawo i Gospodarka, p.16) M. S.-C