ZAGREB, April 19, 2019 – In the past five years the number of UCITS investment funds opened in Croatia increased by 23% and their assets increased by 57%, the Croatian Chamber of Commerce (HGK) said during the “Top of the Funds” award presentation ceremony on Thursday.
The awards are granted by HGK’s associations of companies managing investment funds.
UCITS stands for Undertakings for the Collective Investment in Transferable Securities.
Investment funds and companies are an important link in the economic chain and managing citizens’ and business’ funds contributes to the development of the capital market and the economy overall, HGK vice president in charge of trade and financing, Josip Zaher said.
He noted that the award is given to the best UCITS fund, and that there were 96 such funds with total assets at the end of February amounting to 19 billion kuna.
Over the past five years the number of UCITS funds increased by 23% and their assets increased by 57%, Zaher said noting that almost 224,000 citizens invested in these funds which is an increase of 21% in that period. On average they invest HRK 50,600.
By marking Investment Fund Day, we wish to bring the concept of long-term saving on the capital market through investment funds, closer to the public, said the head of HGK’s associations of investment funds, Hrvoje Krstulović.
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