Poles choose investment funds more and more willingly

Due to the MPC's decision to cut interest rates, the deposits in Poland declined by PLN 40 billion from February to the end of June. Only in June, bank deposits in Poland were PLN 12.5 billion less than in the previous month. Consumers more and more often choose investment funds, choosing the safest ones with the lowest risk of losing their capital.

"The data of the largest investment fund companies show that July was a record month in the sale of funds. The funds' assets from that month exceeded PLN 5 billion, which is an increase by 2 percent. Taking into account inflation, the customers have a chance to achieve any profit, which is currently impossible on bank deposits," Kamil Hajdamowicz, Managing Director at Vienna Life TU na Życie SA Vienna Insurance Group, said.

Consumers most often choose debt funds and investments in bonds. These solutions guarantee the highest level of security, comparable to bank deposits.

(WBJ)