Czechs Increase Mutual Fund Holdings by Kc93bn to Kc1,287bn in H1

Strategic Insights -

In the first half of the year, Czechs increased the volume of assets held in mutual funds by Kc93bn to Kc1,287bn, with equity, bond, and mixed funds recording the biggest growth. Individuals held 90 percent of the assets, while legal entities such as companies and organizations held the remaining 10 percent. The Capital Market Association reported a significant increase in assets in collective investment funds, with equity funds growing by Kc23bn in the second quarter.

Key Takeaways:

  • The volume of assets held by Czechs in mutual funds increased by Kc93bn to Kc1,287bn in H1, with the biggest growth recorded by equity, bond, and mixed funds.
  • Individuals held 90 percent of the assets, while legal entities such as companies and organizations held the remaining 10 percent.
  • Assets in collective investment funds increased by Kc58bn in the last three months, with the second quarter confirming the great popularity of investing through investment funds.
  • Equity funds saw the biggest increase in assets in the second quarter, up by Kc23bn, followed by mixed funds with an increase of Kc15bn and bond funds, which grew by Kc11bn.
  • Czechs were not deterred by the volatile market and took advantage of the downturn to invest their spare cash, with the advantage of long-term investments in mutual funds being that the returns are tax-exempt if the test for market timing is adhered to.
  • The top five domestic and foreign collective investment fund mediators included Ceska sporitelna with Kc351bn, CSOB with Kc295bn, Komercni banka with Kc145bn, Conseq Investment Management with Kc116bn, and Moneta Money Bank with Kc65bn.

Statistics:

  • Kc93bn: increase in assets held by Czechs in mutual funds in H1
  • Kc1,287bn: total assets held by Czechs in mutual funds in H1
  • Kc58bn: increase in assets in collective investment funds in the last three months
  • Kc23bn: increase in assets in equity funds in the second quarter
  • Kc15bn: increase in assets in mixed funds in the second quarter
  • Kc11bn: increase in assets in bond funds in the second quarter
  • Kc473bn: assets in bond funds at the end of June
  • Kc359bn: assets in mixed funds at the end of June
  • Kc300bn: assets in equity funds at the end of June
  • Kc115bn: assets in real estate funds at the end of June
  • 1.22%: average loss of Czech investors in mutual funds in the first half of the year
  • 9%: funds' appreciation in 2024
  • 12%: funds' appreciation in 2023
  • 3.15%: average loss of Czech investors in mutual funds in the first quarter of 2025
  • 1.23%: average gain of Czech investors in mutual funds in the second quarter of 2025

Sources:

  • CTK ( Czech news agency)
  • Capital Market Association (AKAT)
  • Investika analyst Vit Hradil
  • OVB Allfinanz analyst Vojtech Smajer
  • Swiss Life Select's Czech Investor Index (CII750)
  • Jaromir Sladkovsky, AKAT chairman
  • Ceska sporitelna
  • CSOB
  • Komercni banka
  • Conseq Investment Management
  • Moneta Money Bank