04/15/2024 | News release | Distributed by Public on 04/15/2024 02:16
Commentary on the aggregated sectoral balance sheet
The net assets value of investment funds was CZK 1,243.0 billion at the end of February. This means an increase of CZK 25.3 billion compared to January (monthly transactions accounted for CZK +11.9 billion). Compared to the same period last year, the net assets value of investment funds rose by 30.9%. The biggest month-on-month change in the net assets value was recorded for bond funds, up by CZK 10.4 billion to CZK 379.0 billion.
The value of bond holdings was CZK 279.7 billion at the end of February. Compared to the previous month, the total volume of bonds in the funds' portfolio increased by CZK 7.1 billion (monthly transactions accounted for CZK +5.0 billion). The proportion of debt securities in the funds' net assets value went up to 22.5% compared to the previous month.
During the month under review, the volume of equity securities in the funds' portfolio increased. As of the end of the month, the value of holdings of equity securities amounted to CZK 605.1 billion, of which CZK 216.7 billion was investment in the shares and units of investment funds and CZK 388.4 billion was investment in shares and other equity. The value of equity securities grew by CZK 14.1 billion compared to January (monthly transactions accounted for CZK +1.0 billion). The share of equity securities in the funds' net assets value increased to 48.7% compared to the previous month.
The value of funds invested in other assets increased in the period under review. The total volume of other investment was CZK 451.9 billion in February, of which CZK 71.5 billion was fixed investment and CZK 162.3 billion investment in deposits. The proportion of other investment in the funds' net assets value fell to 36.4% compared to the previous month.
At the end of February 2024, a total of 833 resident investment funds were active in the Czech Republic, of which 94 were equity funds, 72 bond funds, 75 mixed funds, 138 real estate funds, 432 other funds and 22 funds without an investment policy.
Chart 1 - Balance sheet total - breakdown by asset item
Source: ARAD data series system
Chart 2 - Net assets value - breakdown by investment policy
Source: ARAD data series system
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