Investment funds are among the only sectors that during the year of the pandemic have managed to generate profits, but also increase their activity and the number of citizens who have shown interest in these platforms.
According to the data of the Financial Supervision Authority, out of 4 licensed investment fund alternatives, 2 of them have been profitable, and with higher profit rates than a year ago. For the 9 months of 2020, these companies realized a total profit of 1.3 million Euros.
Even the number of individuals who have chosen investment funds as an alternative to trust savings has increased by 2040 members compared to January - September 2019. Financial market experts explain this phenomenon with the most favorable interests offered by these alternatives. In total, the savings invested in private investment funds and pensions amounted to 540 million Euros at the end of September 2020.