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Volume of assets under management of Generali PPF Asset Management grew in 2009 three times faster than market as a whole

19.2. 2010

Prague (11th February 2010) – Generali PPF Asset Management is the largest asset manager in the Czech Republic for the second consecutive year, with a volume of assets under management amounting to 185.5 billion crowns. Managed assets have grown on a year-to-year basis by 12%, three times the growth of the market as a whole. The company’s overall market share has grown by almost 25%. The figures are based on the latest statistics of the Association for the Capital Market of the Czech Republic for 2009.

Ever since 2006, the first year in which asset management statistics started to be recorded in the Czech Republic, Generali PPF Asset Management (GP AM) has been the only major market player showing a sustained growth. GP AM grew in spite of the big instability of the financial markets in late 2008 and early 2009, when all other large asset managers reported declines.

“Generali PPF Asset Management in spite of the peaking of financial crisis managed to further strengthen its position as market Number One thanks to the effective and above average appreciation of out client’s assets. This then generated more interest on the part of both existing and new clients, resulting in our significant growth,” comments Kateřina Jirásková, GP AM Chief Executive Officer, on 2009 results. “In the area of the so called net asset management, i.e. after the deduction of assets managed for unit funds and investment companies, GP AM’s market share has even grown to 36%,”, adds Mrs. Jirásková.

By Richard Kapsa