| Hunting for the rich |
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Investment fund companies that have not yet almost exclusively on small individual investors, now trying to exist in the segment of affluent clients. Form for this purpose in the formula products of closed investment funds. From 7 to 22 September can be made on the records of certificates of the Allianz Closed Platinum Investment Fund. This fund is to be called. absolute rate of return. Its aim is, therefore, profit regardless of the economic situation prevailing in the various asset classes like stocks, bonds, currencies and derivatives of raw materials, so as to allow investment strategy which consists of free u means, without the use of any additional restrictions, of course, in addition to those imposed right. This investment strategy is not new, because I use it and other funds. Novelty is that the TFI Allianz decided to create a closed fund, targeted at wealthy private customers (the value of the minimum investment in his case is 250 thousand. Now, while the open funds managed by the investment fund at the beginning is enough - depending on the fund -- 200 or 1000 $). What is true is not the first closed fund managed by the Allianz TFI, but the two previous are directed to institutional investors, including companies of the Allianz group. Similarly, a few months before complies Legg Mason TFI, which previously had not offered a single product closed-end fund. The subscription lasted until the end of June. the company sold the certificates of the Fund Legg Mason Concentrated FIZ with a total value exceeding 36 million. The minimum investment amount in this case amounted to 50 thousand. Buy. The Fund invests primarily in shares of companies quoted on the Warsaw Stock Exchange, and its basic features is a low diversity (10-20 companies in the portfolio) and high concentration (share of a company in the portfolio to 20 percent's Value), which allows looser investment criteria determined by the Law on Investment Funds. August 25 at the Warsaw Stock Exchange held its first listing of fund certificates. As a pioneer of this type of activity among large investment fund must be BZ WBK AIB, which in the middle of last year with fund of Central and Eastern Europe, FIZ. Minimum initial investment value of the set at 50 thousand. Buy. The plans for the creation of closed-end fund for wealthier clients also reported last Quercus TFI, but just that society from the beginning aims at affluent investors (to invest in any fund managed open by this company must have at least 20 $). For a long time a lot of closed-end funds are offered BPH TFI and KBC TFI, except that in their case to make a record in the subscription enough $ 1000. It's relatively little and could not be more determined this offer as investors focused exclusively on the larger amount of money. As such, these funds do not fall so in a trend described by us. More closed, less open Until recently, closed-end funds have a market niche, which filled the small, mostly private, do not belong to banks, fund managers (TFI). But that is changing very rapidly. In 2008, the total number of funds increased by a total of 76, although this was largely credited FIZ-that is, the number has increased by 90 units. Mutual funds almost disappeared (about 23 pieces). Attention but not so much to increase the number of FIZ-s, what a sea change in the structure of the entire market. While at the end of 2007, closed-end funds with assets of £ 10.8 billion, accounted for less than 8 percent. the market is already one year later, it was more than 17 percent. This happened, of course, primarily due to decline in the assets side of mutual funds (-52 percent). And specialist open (-18 percent).. At the same time, FIZ s assets increased by 33 percent. |
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