TFI investment funds remain confident despite slowing of asset growth

In February the assets of TFI investment fund companies increased by over 2.6%, which is the smallest growth in the past five months. According to Parkiet, the slower growth can be attributed to the poor situation on the Warsaw Stock Exchange (WSE). The assets of funds investing on foreign stock exchanges did better than the average, partially as a result of the fall in the value of the zloty. In February the assets of TFI investment funds reached a combined zl.13.35 billion, a monthly increase of zl.341 million, compared with total growth of more than zl.6 billion since October. In positive comments on the figures, Zbigniew Jagiello, president of Pioneer Pekao TFI, said, "Customers recognized the benefits of secure funds in relation to bank loans." (Rzeczpospolita, p. B6; Prawo i Gospodarka, p. 6; Parkiet, p. 15) P.W.