POLISH PENSION FUND FLOWS: Solid equities performance main source of AuM growth
In July, we estimate Polish pension funds sold a net PLN 77m of equities, of which PLN 367m was bought in the Polish Market and PLN 444m was sold in foreign markets.We also estimate that in July OFEs received PLN 704m of dividends. The average monthly rate of return amounted to 5.8% due to the solid performance of Polish equities. As a result, OFEs’ AuM increased to PLN 166.9bn, from PLN 158.1bn in June. In July, Metlife OFE was the most active in buying stocks, while Aegon OFE was the most visible net seller of equities
Haitong is the first international Chinese investment bank and our goal is to be the primary channel for capital flows into and out of China. During 2015 the Senior Management Team in London was expanded significantly to focus on this objective and to provide a full-service cross-asset markets business coupled with sector-focused investment banking. We work closely with our world-wide network of offices to bring a true depth of understanding to all client situations.
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