Pioneer Pekao investment fund surges ahead of competition

The largest domestic investment fund, Pioneer Pekao TFI, which has a market share of 32%, has recorded very successful six month figures. The company's assets grew within this period by 11.7% to reach zł.11.27 billion. In comparison, the whole sector only recorded an increase of 5% to zł.34.9 billion. "The good results were mainly due to an excellent distribution network through bank Pekao," said Zbigniew Jagiełło, Pioneer Pekao TFI president. By the end of this year the company hopes to increase the value of managed assets to zł.12 billion. In order to accomplish these goals the investment fund plans to launch new funds and begin offering individual pension accounts to private investors. (Puls Biznesu, p. 5) A.K.