The excellent results have been mainly supported by the conservative investment strategy geared towards minimum-risk fixed income investment instruments, and also consistent control of the fund’s costs.
Penzijní fond Komerční banky is now one of the three largest pension funds in the Czech Republic in terms of the number of clients and profit achieved. It is therefore no accident that in late February 2011 it received the Pension Fund of the Year 2011 award from the prestigious World Finance magazine.
As at 31 December 2010, Penzijní fond KB managed assets for more than 501,000 members. The volume of assets under management increased 5.8% y/y to CZK 28.718 billion. As at 31 December 2010, 94% of PF KB’s investment portfolio was made up of very secure bonds, and the remaining 6% were bank deposits.