Investment Funds

In Poland, investment funds operate under the provisions of the act of 27 May 2004 on investment funds and management of alternative investment funds. In  accordance  with this act, investment funds may be created as an open-end investment fund (UCITS), specialized open-end investment fund or a closed-end investment fund (AIF). This act significantly broadened the range of investment funds by adding new products, such as umbrella funds, funds of funds, master-feeder funds, funds with various participation unit categories, money market funds, securitization funds, exchange traded funds and non-public asset funds, the latter being created to foster the growth of the private equity sector in Poland.

An organization which brings together, on a voluntary basis, the fund management companies operating in Poland is called Chamber of Fund and Asset Management (link opens a new window in another website).

By the end of December 2018, the Polish Financial Services Authority had granted permits to 63 fund management companies that managing 901 investment funds. The value of assets managed by Polish investment funds in December 2018 amounted to PLN 256,8 billion (USD 68,3 billion).