Both the third quarter and the first nine months of 2003 were a very successful period for Commercial Union Poland – Life Insurance SA insurance investment funds.
Both the third quarter and the first nine months of 2003 were a very successful period for Commercial Union Poland – Life Insurance SA insurance investment funds.
Funds with a large equity share, such as the Dynamic and the CU Equity Fund brought spectacular profits. These results were due not only to the general improvement in the share market, but also to the CU specialists' fortunate choice of companies to include in the portfolios.
The following are results of CU Life insurance investment funds at the end of the third quarter of 2003:
Rates of return as on 30.09.2003 (in %)
| Fund | 3 months | 9 months | 1 year | 3 years | 5 years | 10 years |
| Guaranteed | 1,40 | 5,10 | 7,46 | 35,02 | 71,38 | 429,77 |
| Strategic | 1,51 | 5,83 | 10,77 | 50,55 | 93,11 | - |
| Active | 7,35 | 14,93 | 24,20 | 48,18 | 110,31 | - |
| International | 10,32 | 22,03 | 24,90 | -9,30 | 28,91 | - |
| CU Equity Fund | 18,27 | 30,84 | 47,75 | 23,01 | - | - |
| Dynamic | 24,69 | 44,08 | 68,22 | 66,12 | - | - |
| WIG | 20,91 | 34,55 | 51,05 | 14,50 | 57,95 | 230,56 |
Similar high rates of return, both in the third quarter and during the first nine months, were achieved by balanced funds such as the Active and the International funds. "Two positive factors have contributed to the success of the International Fund: the bull market on the foreign stock exchanges and the weak zloty. Safe funds, which are characterised by the lowest investment risk, brought highly competitive profits in comparison with alternative safe forms of saving," said Marek Przybylski, chief executive of Commercial Union Investment Management (Poland) SA, the company that manages CU Life fund assets.
CU fund managers are optimistic about the future. In their opinion, the rise in share prices on the Warsaw stock exchange has a solid basis within the progressive economic revival. Periodic adjustments put a break on any bull market excesses and they also provide a chance to increase the scope of one's share investments
For further information please contact: Grazyna Goslings. Corporate Communications Director of the CU Poland Group. Tel: +48 22 557 40 93. Fax: + 48 22 557 40 26. e-mail: bohdan_bialorucki@cu.com.pl.
Additional information about the Commercial Union Poland Group can also be found on the web page http://www.cu.com.pl