In 2020, the total assets managed by the Investment Funds Management Companies increased to PLN 280.8 billion (+4.3% y/y), including the assets of individuals that increased to PLN 167.9 billion (+3.6% y/y). At the end of 2020, the value of deposit in the PPK Defined Maturity Date Funds was PLN 2.3 billion. The balance of payments and redemptions stood just above zero at the end of 2020 and amounted to PLN 0.4 billion, where the net value of individual contributions was PLN 0.3 billion. The balance of payments and redemptions in 2020 was strongly influenced by the crunch on the labour market, which occurred in March, when investors withdrew over PLN 20.5 billion in net amount, and by an increased demand for investment products in subsequent months.
The average annual rates of return had a positive impact on investor interest. In the most popular safe debt funds segment they were at a level many times exceeding the interest on new term deposits in the banking sector, which decreased after the decisions of the MPC to reduce interest rates in the period from March to May 2020.