Investment funds and asset management market in Poland, edition 2015
Research report:Investment funds and asset management market in Poland, 2015

pdf file Investment funds and asset management market in Poland, 2015

The asset management industry in Poland remains in a fast-growing trend. The total value of assets under management (AuM) exceeded PLN 536 billion (EUR 128 billion) as of June 2015. While all key market segments have demonstrated positive developments, the growth in assets of investment funds has beaten other product groups. Assets of regulated investment funds topped PLN 230 billion, which corresponds to a 9% growth in the first half of 2015 alone.

The asset management industry in Poland is expected to sustain a moderate growth at ~7% p.a. by 2017. In-line with historical trends it is investment fund assets, where the fastest growth is expected to occur. Nevertheless also insurance and pension assets are likely to demonstrate solid performance. A key growth factor will be increasing wealth of individuals thanks to the accelerating economy which supports private wealth formation and emergence of new clients. Today, the asset management industry in Poland is serving directly over 2 million clients which is a fraction of the population. However, growing disposable income and personal wealth could easily double this figure within the next decade.



Table of contents

1. Executive Summary

2. Asset Management Market
Slide 1: Asset management market in Poland - Key Segments, 2015 H1
Slide 2: Assets under management evolution, 2010-2015 H1
Slide 3: Top asset managers (groups) by AuM, 2015 H1

3. Investment Funds
Slide 4: CEE 7* Investment fund industry - size vs. growth matrix, 2013-2015 H1
Slide 5: CEE investment funds penetration benchmarks, 2015 H1
Slide 6: Evolution of assets, number of funds & managers 2010-2015 H1
Slide 7: Fund assets by type of fund, 20102014
Slide 8: Top players in investment fund market, 2015 H1
Slide 9: Market share evolution of top fund managers, 2011-2015 H1
Slide 10: Distribution channels for investment funds, 2015 H1
Slide 11: Investment fund assets flows, 1Q 2010-2Q 2015
Slide 12: Fund assets structure, 2015 H1
Slide 13: Ownership of funds by groups (retail/financial/other), 2010-2015 Q1
Slide 14: Local funds invested in foreign assets and foreign funds, 2015 H1
Slide 15: Assets of foreign funds, 2010-2015 H1
Slide 16: Fees and commissions charged by top fund managers, 2015 H1
Slide 17: Revenues and costs of fund managers, 2015 H1
Slide 18: Profitability tree for fund managers, 2011-2014
Slide 19: Top players' profiles - PZU TFI
Slide 20: Top players' profiles - Ipopema TFI
Slide 21: Top players' profiles - Pioneer Pekao TFI
Slide 22: Top players' profiles - PKO TFI
Slide 23: Top players' profiles - Skarbiec TFI
Slide 24: M&A transactions including fund managers in Poland (1/2)
Slide 25: M&A transactions including fund managers in Poland (2/2)
Slide 26: Recent case examples of entry of foreign fund managers to Poland

4. Pension
Slide 27: Pillar II: Sector evolution, 1998-2014
Slide 28: Pillar II: Assets, members, average account value, 2011-2015 H1
Slide 29: Pillar II: Asset managers, 2015 H1
Slide 30: Pillar II: Regulatory changes: New foreign investment limits
Slide 31: Pillar II: fund managers profitability tree, 2011-2014
Slide 32: Voluntary pension (Pillar III) - Assets, members, 2012-2015 H1

5. Insurance
Slide 33: Insurance assets by type evolution, 2010-2015 H1
Slide 34: Technical reserves by segment and by company, 2014
Slide 35: Profitability of life insurers, 2011-2014
Slide 36: Profitability of non-life insurers, 2011-2014

6. Forecasts
Slide 37: Asset Management Market: Mid-term forecast (fund assets, pension assets, insurance reserves) 2015-2017

7. Notes on methodology
End of report.