03/15/2023 | News release | Distributed by Public on 03/15/2023 03:05
Commentary on the aggregated sectoral balance sheet
The net assets value of investment funds was CZK 922.4 billion at the end of January. This means an increase of CZK 25.3 billion compared to December (monthly transactions accounted for CZK +13.1 billion). Compared to the same period last year, the net assets value rose by 23.8%. The biggest month-on-month change in the net assets value was recorded for bond funds, up by CZK 11.6 billion to CZK 259.5 billion.
The value of bond holdings was CZK 198.7 billion at the end of January. Compared to the previous month, the total volume of bonds in the funds' portfolio increased by CZK 5.4 billion (monthly transactions accounted for CZK +3.8 billion). The proportion of debt securities in the funds' net assets value was unchanged from the previous month at 21.5%.
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 450.4 billion, of which CZK 171.7 billion was investment in the shares and units of investment funds and CZK 278.8 billion was investment in shares and other equity. The value of equity securities grew by CZK 12.6 billion compared to December (monthly transactions accounted for CZK +3.2 billion). The proportion of equity securities in the funds' net assets value was unchanged from the month at 48.8%.
The value of funds invested in other assets increased in the period under review. The total volume of other investment was CZK 335.3 billion in January, of which CZK 62.6 billion was fixed investment and CZK 115.1 billion investment in deposits. The proportion of other investment in the funds' net assets value increased to 36.3% compared to the previous month.
At the end of January 2023, a total of 745 resident investment funds were active in the Czech Republic, of which 78 were equity funds, 67 bond funds, 76 mixed funds, 120 real estate funds, 391 other funds and 13 funds without an investment policy.
Chart 1 - Balance sheet total - breakdown by asset item
Chart 2 - Net assets value - breakdown by investment policy
Notes: