Czech mutual funds assets drop 9.5% in 2011.

By bne IntelliNews February 24, 2012
The combined value of assets in Czech mutual funds fell by 9.5% y/y to CZK 224.1bn (EUR 8.9bn) in 2011, data from the Capital Market Association (AKAT) showed. The deterioration came as both domestic and foreign funds registered declines. Assets of domestic funds decreased by CZK 14.1bn to CZK 108.2bn, while the drop in foreign funds was slower at CZK 9.3bn to CZK 115.8bn. The highest value of assets was managed by bond funds - 27.4% of total assets as of end-December 2011. Secured funds ranked second with CZK 49.6bn worth of assets, followed by equity funds managing assets of CZK 36.6bn. In terms of domestic intermediaries of funds, the largest ones were CSOB Group (accounting for 31% of the overall assets in mutual funds), Ceska Sporitelna (29%), Komercni Banka (12%) and ING (6%).

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