CU Life customers benefiting from individual and group insurances with a capital fund and from employee pension programmes are still earning a great deal. One could call it a “golden age” for the Polish financial market.
CU Life customers benefiting from individual and group insurances with a capital fund and from employee pension programmes are still earning a great deal. One could call it a “golden age” for the Polish financial market.
Commercial Union Poland Life Insurance Company offers more than a dozen capital funds linked to individual and group insurances and employee pension programmes. The funds represent a wide range of investment strategies.
"Rates of return from the funds in the last three and twelve months more or less ideally reflect the return vs risk profile of our funds, by which I mean that the greater the proportion of equities in the portfolio, the greater the profits. In the last twelve months we have produced very good results for each group of funds under conditions of low inflation: a few percent for safe funds, about 10% for balanced funds and over 20% for equity funds," says Marek Przybylski, general manager of CU Investment Management, the company managing assets of CU Life funds.
The bull market for equities that has been running for several years now has enabled clients who have invested boldly to earn as much as several hundred percent over the past three and five years. The prospects for the next few years continue to be rosy. "The Polish economy is the fastest growing large European economy, which is good news for the equity market, while the absence of any major inflationary threat enables clients to make money on the debt instruments market too. I am pleased to say that the “golden age” of the Polish financial market is continuing," Marek Przybylski stresses.
The assets of the CU Life capital insurance funds are managed by the specialist company Commercial Union Investment Management (Polska) SA. It holds a licence from the Polish Securities and Exchange Commission to manage securities portfolios and to act as an investment consultant. It it’s the third asset management company in Poland in terms of assets under management (at the end of the Q3 of 2006, a total of 12.4 billion zlotys or Ł2.1 billion).
-ends-
Information:
Bohdan Bialorucki
Telephone: +48 22 557 43 41
E-mail: bohdan_bialorucki@cu.com.pl.
For further information, see www.cu.com.pl
Notes to editors:
Commercial Union Poland group is part of the international Aviva group – the world’s fifth largest insurance, savings and investments group, and the largest in the United Kingdom by revenues. Aviva group operates in 25 countries. It occupies a strong position in the European Union, including United Kingdom, Ireland, France, the Netherlands, Spain, Italy and Poland, as well as substantial businesses in the US, Canada, Australia and Asia.. Worldwide, Aviva group services over 35 million customers and manages assets valued at over Ł330 billion. For additional information, see the website http://www.aviva.com
Rates of return of Commercial Union Poland Life Insurance Company capital insurance funds at the end of the Q 3 of 2006 (%)
| Fund | 3 months | 12 months | 3 years | 5 years |
| Money-Market | 0.67 | 2.68 | – | – |
| Guaranteed | 1.23 | 5.18 | 16.64 | 39.97 |
| Guaranteed Plus | 1.03 | 4.52 | 13.98 | 30.05 |
| Stable Growth | 1.83 | 4.54 | 22.97 | 61.91 |
| Balanced | 4.22 | 12.95 | 57.89 | 133.87 |
| Eurobalanced | 1.60 | 9.98 | – | – |
| International | 4.07 | 11.51 | 37.97 | 65.06 |
| CU Equities Fund | 7.29 | 24.59 | 122.07 | 273.60 |
| Dynamic | 6.38 | 24.50 | 132.07 | 381.82 |
| PPE* Bonds | 1.07 | 2.40 | – | – |
| PPE Stable Growth | 2.51 | 7.28 | 34.66 | 78.26 |
| PPE Balanced | 4.14 | 12.21 | – | – |
| PPE Equities | 7.34 | 23.81 | – | – |
| WIG | 8.38 | 30.33 | 127.89 | 270.48 |
| Inflation | 0.8 | 1.8 | 8.2 | 10.3 |
* PPE – funds dedicated to employee pension programmes.