Czech investors have significantly increased their holdings in mutual funds, with assets growing by 85 billion crowns to reach 1.287 trillion CZK in the first half of this year. This growth spans across equity, bond, and mixed funds, according to the Association for Capital Markets (AKAT).
Individual investors dominate the market, holding 90 percent of fund assets, while legal entities such as businesses and organizations account for the remaining 10 percent. “Assets in collective investment funds grew by 58 billion crowns in the last three months. The second quarter of this year has confirmed the immense popularity of investing through investment funds,” noted Jana Brodani, AKAT’s executive director.
The second quarter saw equity funds leading the growth with a 23 billion CZK increase, followed by mixed funds (15 billion) and bond funds (11 billion). Other categories also demonstrated positive momentum, including real estate funds (8 billion), money market funds (400 million), and structured funds (61 million).
As of June, bond funds held the largest share of assets at 473 billion CZK, with mixed funds at 359 billion, equity funds at 300 billion, and real estate funds at 115 billion. Despite these impressive figures, the average Czech fund investor experienced a 1.22 percent loss in the first half of 2025, according to the Czech Investor Index (CII750) by Swiss Life Select.
Looking at recent performance, equity funds have yielded a 3.6 percent return over the first seven months of 2025, with mixed funds returning 2.9 percent and bond funds 1.5 percent. July was particularly strong for equity funds with a 2 percent gain, while mixed funds added 0.8 percent. Bond funds, however, experienced a slight decline of 0.1 percent.
AKAT Chairman Jaromír Sladkovský remains optimistic: “Despite rapid geopolitical and economic developments, 2025 is looking very favorable for investors so far.” The market demonstrated remarkable resilience following initial shocks from President Trump’s tariff policies in April, quickly recovering as markets largely ignored subsequent tariff announcements.