Assets managed by domestic mutual fund firms (TFIs) have passed the PLN 180bn ( EUR 43.5bn ) threshold for the first time in history and finished the month of November at PLN 182.8bn (up by PLN 4.5bn, or 2.5% m/m), according to the data by Analizy Online , a firm which monitors the investment and pension fund market, and the Chamber of Fund and Asset Management (IZFiA). Ytd, the assets grew by 25%, or PLN 36.6bn. The growth was attributed mainly to the result on fund management (at PLN 3.2bn last month). It was posted mainly due to the bullish sentiment on the equity markets in Poland and abroad - the Warsaw bourse's widest index WIG gained 2.0% last month, reaching the highest level in nearly six years. Hence, the biggest gainers were funds investing at least part of their assets under management in equities. Equity funds' assets increased by 4.2% (or PLN 1.3bn) to PLN 33.2bn.
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