Assets in mutual funds, management companies reach EUR 16.7bn at end-September.

Assets in mutual funds, management companies reach EUR 16.7bn at end-September. Domestic investors’ assets in mutual funds and assets management companies reached CZK 473.4bn (EUR 16.7bn) at end-September, the Association for the Capital Market (AKAT) statistics showed as CTK reported. Still, y/y comparison is not possible as AKAT for the first time published statistics for both asset management for individual clients and assets in mutual funds. Thus the new methodology provides for recording one client assets only once. According to the previous methodology gross volume of assets reached CZK 562.8bn, of which institutions and individuals had assets worth CZK 232.6bn invested individually, CZK 217.9bn in domestic funds and CZK 112.3bn in foreign funds. At end-Sep the biggest assets manager was the Ceskoslovenska obchodni banka (CSOB) group with CZK 126.8bn, followed by Ceska sporitelna group with CZK 125.5bn; ING managed assets mounting to CZK 74.6bn, Komercni banka for CZK 59.9bn and Winterthur for CZK 33.6bn. AKAT controls 99%-share in deals in foreign funds and an 80%-share in the management of client portfolios.