FOCUS SHORT

Slovaks are conservative investors

ATTITUDES of central and eastern European households towards investment tend to be more conservative, and most financial assets are put into savings accounts or invested in foreign currency, Generali PPF Asset Management wrote in its latest study. Households in Slovakia, Slovenia and the Czech Republic are the most conservative when putting more than 50 percent of their financial assets into savings accounts, or investing it in foreign currency. These countries are followed by Poland with 45 percent and Hungary with 39 percent. The average in the European Monetary Union is 36 percent, the SITA newswire wrote in late January.

ATTITUDES of central and eastern European households towards investment tend to be more conservative, and most financial assets are put into savings accounts or invested in foreign currency, Generali PPF Asset Management wrote in its latest study. Households in Slovakia, Slovenia and the Czech Republic are the most conservative when putting more than 50 percent of their financial assets into savings accounts, or investing it in foreign currency. These countries are followed by Poland with 45 percent and Hungary with 39 percent. The average in the European Monetary Union is 36 percent, the SITA newswire wrote in late January.

Compared with western Europe, investments in mutual funds in central and eastern European countries remain relatively low, even though all monitored countries have been registering an increase since 2004.

Hungary’s households reported the biggest increase in investments in mutual funds, up by 230 percent, followed by Poland with 160-percent growth. Slovenia registered a 100-percent increase. The Czech Republic and Slovakia followed with increases of 65 and 25 percent, respectively.

“In spite of this steep increase over the last eight years we expect further significant growth of investments by households in central and eastern European countries over the next five years,” Michal Valentík from Generali PPF Invest told SITA.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Theme: Finances and Advisory


Top stories

Six people involved in the surveillance of journalists, Kočner paid thousands

People who followed journalists for Kočner are trying to rid themselves of guilt.

Peter Tóth

Trump will meet Pellegrini at the White House

The two politicians will discuss defence and economic cooperation this May.

The White House

After historical sights in Slovakia have burned, is there better fire protection?

Kunerad Castle in the Žilina Region has burned down twice in eight years, and Krásna Hôrka is still undergoing construction seven years after burning.

Krásna Hôrka Castle caught fire in March 2012.

Taxpayers still pay for former PM Fico's bodyguards

The Interior Ministry refuses to say why or reveal how much Fico's security costs.

Smer head Robert Fico.