TFI assets grew by 1.3% in May

The assets of Polish investment funds (TFIs) increased by 1.3 percent month-on-month to PLN 284.1 billion in May, according to Analizy Online and IZFiA. Cash funds saw the biggest growth rate (by 4.1 percent), followed by non-public assets funds (3 percent) and absolute return funds (2.1 percent). The biggest drop was in real estate assets, which contracted by 3.9 percent, followed by equity and securities funds (1.8 percent each). At end-May, the market leader was PKO TFI with assets worth 28.69 billion PLN, followed by Pekao TFI (PLN 19.21 billion) and BZ WBK TFI (PLN 16.53 billion).