WOOD Flash – EME Strategy: OFEs' 2024 annual holdings
On 15 January, the Polish Pension Funds (OFEs) released their annual holding reports. OFEs’ total net assets grew by 3% yoy; increased exposure to foreign equities and bonds were the main theme in a soft year for Polish equities. There was an excellent performance from the global equity indices in 2024, but Poland underperformed massively. As such, exposure to foreign equities increased by 1.5ppts vs. the total equity portfolio, but the weight of equities in the OFEs’ net assets fell by 2.3ppts vs. 2023, due mainly to the poor performance of Polish equities. The value of domestic equities dropped by 2%, while the value of foreign equities increased by 19%. We also note that the value of both bonds and deposits increased by 30%+, and now make up c.11% of total net assets – a 2.3ppts increase vs. 2023.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.