The February and March turmoil in the financial markets, as well as the economic uncertainty during the spring wave of the coronavirus pandemic, caused a slight decline in the value of the assets of about half of mobile Czechs. On the contrary, an active tenth of them enjoyed up to a ten percent increase in assets, a survey by UniCredit Bank Private Banking showed.
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“More than a third of clients perceived the current situation as a unique investment opportunity. Interest in shares of technology and pharmaceutical companies in particular has grown. Clients also focused more on equity funds, where they often chose to divide the investment into several successive purchases. Real estate remains popular, “said Jan Troníček from UniCredit Bank.
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“Despite the initial slump in February and March, equity funds turned out to be a bet that paid off for investors. Many titles, especially in the fields of technology, healthcare and pharmacy, may have returned surprisingly quickly to their pre-February value, and some even surpassed it significantly. On the contrary, for example, stock titles in the field of tourism and transport have not yet erased the loss, “he added.
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Restart economy in sight
However, despite a bolder approach to investment, wealthy Czechs remain rather skeptical about the future development of the economy. Almost half of them even expect a further economic downturn in the coming months, another fifth a long-term stagnation. A quarter of them believe in a slow start-up of the Czech economy, almost no one believes in a quick restart.
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