TIRANA, Sept 2 /ATA/The investment fund market has continued expanding into the first half of this year.
According to official data from the Financial Supervisory Authority (AMF), net assets of these funds amounted to 53.2 billion ALL (including alternative investment funds), up by 5.8% compared to the end of last year and by 23% compared to the same period last year.
A significant development is the continued increase in the number of members in these funds. The number of members in mid-this year reached 34,411, up by 6.9% since the beginning of 2024 and by 14.5% compared to the same period a year earlier.
The investment funds in LEK have focused their investments especially on bonds and securities of the Albanian government and to a lesser extent in liquid assets (bank accounts). Foreign currency funds have a wider range of investments, but they are dominated by the debt instruments of governments and commercial companies. Some of the funds are also engaged in investments in stocks, but their specific share on the market remains low.
At the end of the second quarter 2024, 16 investment funds, managed by six different management companies, were active on the market. /j.p/ sm/
