TFI Pioneer Pekao struggles to keep its dominant position

At the beginning of 2006 the company controlled almost one-third of the market, while BZ WBK AIB and ING held together less than 25% of the market. One year later TFI Pioneer Pekao's share dropped to 23.55%, while its two most important rivals hold 17.4% and 12.86% respectively. "Pioneer was developing faster than the market for many years and a slow-down is natural. Growth in the value of assets is in some sense making up for arrears," said Tomasz Publicewicz from Analizy Online. He went on to say that investment funds of WBK are favored by the bull market, as due to their results they can be promoted as one of the best on the market. ING in turn is putting pressure on launching new products. "In 2006 we will launch several new products with interesting management strategies," said Adrian Adamowicz, deputy president of Pioneer Pekao. (Puls Biznesu, p. 12) M.M.