Assets of domestic investment funds increased by 2.6% in September. mdm, up to PLN 407.1 billion. Assets increased by PLN 10.2 billion, which is the third highest nominal increase in assets in the history of the domestic fund market – according to a statement by Analiz.pl, based on IZFiA data.
“In September 2025, the value of investment fund assets exceeded the symbolic level of PLN 400 billion. At the end of the month it amounted to PLN 407.1 billion, which means an increase of PLN 10.2 billion compared to August. This is the third highest nominal increase in assets in the history of the domestic fund market – a higher increase was recorded only in June 2020 (over PLN 11 billion) and in the record-breaking 2015, when assets increased by over PLN 29 billion,' reads the statement by Analiz.pl.
It was added that growth in September was supported by both the inflow of new funds and good economic conditions on the markets. In total, well over 90 percent. investment funds generated positive rates of return last month.
“We estimate that TFIs earned approximately PLN 3.3 billion in profits for their clients. During this time, the balance of deposits and withdrawals amounted to almost PLN 4.4 billion,” it was reported.
“September was a very successful month for those investing in precious metals market funds, which on average earned 15 percent, and foreign equity funds in the precious metals sector, which gained as much as +19.4 percent. The assets of the former increased by 11.8 percent (by PLN 256 million) and at the end of the month exceeded PLN 2.4 billion. The assets of the latter increased by as much as 35 percent, i.e. by PLN 364 million. This is largely the result of very good investment results, but also of inflows – the sales hit was the largest fund of this type, PKO Akcji Rynku Złota, to which customers paid net as much as PLN 105 million (its assets approached PLN 1 billion) – it was written.
The announcement shows that the total assets of equity funds increased in September by 2.6%, or PLN 1.1 billion, to PLN 45.6 billion. Polish equity funds increased their assets slightly – by 0.6%. – while foreign share funds recorded an increase by as much as 4.8%, i.e. by over PLN 1 billion (to PLN 21.8 billion).
In September, equity funds also recorded a positive balance of deposits and withdrawals, although not high (+PLN 22 million). This is mainly due to inflows into the mentioned gold market share fund.
It was indicated that in terms of percentage dynamics, the leader is the new segment of cryptocurrency market funds, whose assets increased by 237%. – from PLN 3 to 10 million.
Debt funds maintained solid dynamics, whose assets increased in September by 2.3%, or PLN 4.4 billion. The total value of assets in this segment exceeded PLN 193 billion, which is 47.4 percent. the entire investment fund market.
As reported, this increase was the result of both very high inflows – a total of PLN 3.4 billion went to debt funds in September – and positive investment results. All groups of debt funds recorded average profits, with the best results being achieved by funds investing in global corporate bonds (an average of 1.2%).
“The largest share in the debt segment is held by Polish debt funds – their assets amount to PLN 178.7 billion and in September alone they increased by PLN 3.9 billion. The strongest growth concerned Polish short-term treasury funds, which increased assets by PLN 1.6 billion (+3.9%) and Polish short-term universal debt funds – here the increase was PLN 1.3 billion (+1.8%) – it was indicated.
Defined-date PPK funds managed by TFI also recorded a high increase in assets. In a month, their assets increased by 2.6%. (+PLN 0.9 billion), both thanks to contributions from employees and employers (+PLN 0.5 billion net) and good management results (approx. +PLN 0.4 billion). The value of funds accumulated in this group of funds already reaches almost PLN 36 billion, which constitutes 8.8%. the entire fund market in Poland.
Mixed funds also maintained solid dynamics, the value of their assets increased by 1.6%, or PLN 794 million. At the end of September, they managed a total of PLN 49.3 billion, which constituted over 12%. the entire market.
Absolute return funds recorded similar dynamics – their assets increased by 1.6%. (PLN 115 million), up to PLN 7.4 billion. This is still a small segment, its market share is 1.8%.
Debt funds stood out positively, with their assets increasing by 5%, i.e. by nearly PLN 242 million. At the end of September, they managed almost PLN 5.1 billion, which constituted 1.3%. market share.
As reported, PKO TFI still has the most assets under management in the capital market segment (PLN 72.4 billion). The next places are taken by Goldman Sachs TFI with PLN 40.2 billion and Pekao TFI with PLN 38.7 billion. PFR TFI remains the leader on the non-public asset fund market, with its funds having accumulated PLN 19.5 billion.
In September, the largest increase in assets in nominal terms was recorded by: PKO TFI (+PLN 2 billion), Ipopema TFI (+PLN 1.1 billion) and PZU TFI (+PLN 0.9 billion). A slight decrease in assets was recorded by 3 TFIs, the largest of which – Templeton Asset Management TFI (-PLN 145 million), taken over by QUERCUS TFI. (PAP Business)
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