Real estate funds uiu ns?

It is more than EUR 11 trillion in funds. Although there has not been a lot of pension funding in the last year, compared to the 20% drop in 2002, the increase of 2.3% from last year is a significant improvement. How did I get the fund? Which funds have been less successful in the last month, and which, on the contrary, have failed in performance at all?

In a total of 54,015 funds, EUR 11,051 billion is invested in open-end funds worldwide. In 2003, the assets in the funds, mainly due to the recovery of the stock market, increased by EUR 253 billion. Only equity funds recorded a significant increase in assets, their assets increased by EUR 680 billion, while money market funds lost most of their assets, which now have EUR 500 billion less assets. Despite the fact, the assets remained at the same level for bond funds, which were not exactly the most efficient last year. AT smench fond to nrstu by almost 90 billion EUR.

The US market still accounts for more than half (53%) of global fund assets. Although the European share is only 33%, in the last year most new pensions went to the funds for the first time in European countries. Of the European countries, Turkey (96%) and Russia (90%) recorded the highest percentage of assets. From the countries of the European Union, the assets of the Nevce Fund increased in Finland (50%) and Poland (30%).

Assets in open funds at the end of 2003
Assets in funds (million EUR)Nrst for 2003sales tax for 2003 (million EUR)Poet fond
Svt11 051 1202,34%280 44454 015
USA5 870 217-3,67%28 8558 126
Europe3 636 24910,12%230 22827 987
Asia and the Pacific1 077 8296,25%-9 47211 641
Africa27 28536,37%4 633466
R3 2332,83%8058
Poland6 79030,24%n/a96
March3 116-18,14%n/a112

Zdroj: FEFSI, HERE

From the comparative distribution of assets according to individual types of funds, the equity funds clearly prevail. The following chart shows the influence of the underdeveloped capital market in the Czech Republic, Hungary and Poland, where the equity fund is much lower than in countries with developed markets (most in Hungary 9%, least in R 3%, compared to 31% in Europe). and 42% in the world).

Distribution of assets in funds in selected countries – types of funds

Zdroj: Investment Company Institute

SRI funds and real estate fund

The supply of foreign funds expanded in April to include funds from the company. Aviva Funds has registered a total of 24 funds (or a sub-fund of the Luxembourg SICAV Fund) with the Securities Commission. In addition to the regional exchange of equity funds, the three funds are particularly interesting, which are not very common in our country yet. The Global Socially Responsible Equity Fund and the European Socially Responsible Equity Fund are funds that invest in companies that have a negative impact on the environment (mining and oil companies, chemical and industrial companies,) and companies (company tables, companies that do not comply with labor regulations, ). These so-called SRI (socially responsible investment) funds have recently become very popular, especially in Europe. The combined portfolio of the SRI fund is not overlooked and when looking for companies fighting against their children’s forests will be disappointed. The companies in which these funds invest are mainly in the areas of finance and services, pharmaceuticals, software companies and telecommunications. Names such as Microsoft, 3M, Cisco, Pfizer, Novartis, UBS, Citigroup thus appear in the portfolios of the changed funds. ABN Amro offers a similar fund with us.

Another interesting fund called the European Property Fund invests in companies engaged in management and investing in real estate. This can replace the wall

Instructions on how to compile a portfolio from the fund can be found in the special area: PODLOV FONDY 2004

missing real estate funds in the home market. However, it is important to emphasize that this fund is a risky investment, which is evident, for example, in the diversification of this fund, which has only 21 stocks in its portfolio. The distributor of the Aviva fund in R is esk spoitelna.

Hedge fund

In addition to regular offers of hedge funds, we can also add an offer of one hedge fund on demand to the April news. As part of Potovn’s investment program, Potovn spořitelna has decided to offer SOB Svtov Click + 10. The minimum investment is set at it equal to the funds offered at SOB branches, in the amount of 5,000 K. K, co me bt predzvst spchu i tto emission. However, it is necessary to add that the average sales of individual issues at SOB first reach such a volume and in Potovná spoitelná to expect a similar result.

Results of foreign funds for April

As it was stated – in the link: Who is in your hands to grow your disputes? – April was no exception in terms of the stock and bond market. On the contrary, most of the developed markets lost in April, after speculation developed about the slowing down of growth in the USA (outside rates) or high voltage (limited to banks). Of the equity funds, the best performers were the Japanese exchange fund and the biotechnology and pharmaceutical sector sector fund. Stock stocks from this sector have been rising since the arrest of November and into the middle of the burrow, e.g. the S&P Pharm Bio index (Amgen, Johnson & Johnson, Merck, Pfizer, Schering-Plow, etc.) increased by 13.5% during this period, then the bag lost 11% in the next six weeks and finally saw a 6% increase in April (now it is only about 7% in no in November). Biotechnology funds from Capital Invest, Erste Sparinvest, KBC and Franklin Templeton also performed well.

FOREIGN FUNDS OF SHARES
Nzev fondMnaZmna VJ / PL for 1 msc(v%)Zmna VJ / PL for 12 msc (v%)
Best performance for msc
CS EF (LUX) SMALL CAP JAPAN BJPY17,1089,27
Franklin Templeton JAPAN AJPY13,0847,99
ABN AMRO FUNDS-BIOTECH FUNDEUR11,7739,25
Worst performance for msc
CI GOLD STOCKEUR-18,5218,22
Franklin TECHNOLOGY AUSD-6,5945,55
ING (L) INVEST ITUSD-6,5432,78
Best and worst performance in a year
CS EF (LUX) SMALL CAP JAPAN BJPY17,1089,27
AVIVA EMERGING COUNTRIES EQUITY FUNDUSD-4,72-3,51

Average return on foreign equity funds

2,0331,77

Source: AKAT R

Bond funds and money market funds did not surprise her. The exchange results for Slovakia again recorded good results. AT money market fund two of these funds were offered by our highest city in the bank, in the case of bond funds, where the funds of both groups (ING, KBC) won by two tenths of a percent more, they ended up behind the group with the classically best-performing high-yield bond funds. For example, these funds did not end up with any high returns last month. Their risk is high and accidents occur in the case of conservative investors (although in the table compared only according to performance, there are always some high yield bond funds). As can be seen in the table of bond funds, these funds were not fully exchanged for emerging markets.

FOREIGN BONDS FUNDS
Nzev fondMnaZmna VJ / PL for 1 msc(v%)Zmna VJ / PL for 12 msc (v%)
Best for MSc
KBC BONDS CONVERTIBLESEUR2,046,14
KBC RENTA FORINTRENTA Kap.HUF1,57-5,21
Pioneer U.S. DOLLAR SHORT TERMEUR1,14-6,55
Worst for msc
ESPA BOND EMERG.MARKETV KCCZK-5,55n/a
CS BF (LUX) EMERGING MARKETSUSD-4,545,95
ABN Amro GLOBAL EMERG. MARKETSUSD-4,5021,07
Best and worst performance in a year
Franklin HIGH YLD EUR A ACCEUR0,9322,03
RAIFFEISEN “VISION OF EUROPE”EUR-1,54-8,93
Average yield of bond funds-1,163,25

Source: AKAT R

For money market funds, we can go to the KBC MultiCash SOB SKK fund, which also has the highest performance. These

Mt in the portfolio more stock or bond? Vce v TOMTO lnku

Slovak funds currently have a known number of supporters with us, or show performance. This is due to a decline in rates in Slovakia, but it is a question of how potential it is in Slovakia and beyond. ronho period. With regard to the growth of Slovakia and rising inflation (also in connection with the accession to the EU), the reduction of interest rates does not have to be repeated and it could happen that one day of investment the investor comes with a funeral.

FOREIGN MONEY MARKET FUNDS
Nzev fondMnaZmna VJ / PL for 1 msc(v%)Zmna VJ / PL for 12 msc (v%)
Best performance for msc
KBC MULTI CASH CSOB SKKSKK0,474,90
ING INTL IISLOVAK MONEY MARKETSKK0,35n/a
CONSEQ  BOND FundCZK0,33n/a
Worst performance for msc
ESPA CASH EURO-PLUS – REINV.CZK-1,51n/a
UNI-GLOBAL “MAX 3 YEARS” (USD)USD-1,050,46
UNI-GLOBAL “MAX 3 YEARS” (CHF)CHF-0,83-0,05
Best and worst performance in a year
KBC MULTI CASH CSOB SKKSKK0,474,90
JB SWISS FR. CASHCHF0,00-0,11

Average return on the money market fund

0,011,15

Source: AKAT R

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