PP TFI announces record-high results but loses share of fund market

The company's assets grew by zł.6.2 billion, to reach zł.19.24 billion. "For the first time we were developing slower than the market. By the end of the year we had a share of 31.39%," said PP TFI president, Zbigniew Jagiełło. This means that the company's market share fell by over 3% as compared to December 2004. This year company representatives announced plans to increase the assets to zł.22-23 billion. PP TFI estimates that the market will grow by around 20% annually, and the management announced that the company will take advantage of this situation. "We have a portfolio of 21 funds. By the end of 2006 the number should grow to 30. We plan to offer more exotic investments, such as by investing on Asian markets. We are also considering introducing funds which would invest in specific sectors," added Jagiełło. (Puls Biznesu, p. 4) A.K.