From July to the end of the year, EUR 224 million of assets in Croatia were returned to funds

Open-end investment funds with a public offering (UCITS) in Croatia ended 2020 with net total assets of HRK 18.2 billion (approx. EUR 2,4 billion), which is 19.3% or HRK 4.4 billion (approx. EUR 581,6 million) less than at the end of 2019.

According to the amount of these assets, UCITS funds have thus returned to 2018 levels.

From the end of February to the end of April 2020 - the first wave of coronavirus caused due to the negative impact of the sudden buyout of investors on the financial market and a sharp decline in the value of fund assets of 31.2%, that is a total of HRK 7.2 billion. There was a sharp drop in the average yield of 6.9% in March, but a slight recovery followed in April, with the average yield in that month being 2.8%.

During May and June 2020 - there was a period of slowdown in share buybacks and a time when investors "expected" further development of the situation in the financial market.

From July to December 2020 - the gradual growth of new payments, the return of a smaller part of citizens to funds and the establishment of new UCITS funds begins. In that period, due to new share purchases as well as a more favorable market impact, net assets recovered by HRK 1.7 billion (approx. EUR 224 million), mostly in December. The second wave of virus intensification and the partial closure of the market thus did not have a negative impact on investor mood, as in the first wave.