Millennium Towarzystwo Funduszy Inwestycyjnych S.A is a licensed financial institution operational since 2001 as an entity creating and managing investment funds. At the end of 2020, the company managed customer assets worth PLN 4.5 billion. At the end of 2020, Millennium funds had more than 130 thousand participants.
The main goal of Millennium TFI’s activity is delivering attractive and effective investment solutions to clients and providing professional customer service. The fund managers are consummate professionals with long years of experience and excellent insight into financial markets.
In 2020, Millennium TFI, by managing funds, faced up to the threats arising from the situation related to COVID-19. Despite the unprecedentedly huge wave of redemptions on the investment fund market, in March and April, Millennium funds carried out all transactions of the Participants without any problems, maintaining the liquidity of assets throughout the period. The operational continuity of the company was also maintained. The transition to the remote work of the employees took place without disturbances for the processes.
In the first half of 2020, Millennium funds recorded a decrease in assets of a total value of PLN780 million. In the second half of the year, the value of managed assets was systematically rebuilt. At the end of the year, the assets of the funds under management reached the January level. In 2020 most of the investment sub-funds brought participants positive and competitive rates of return compared to other products, up to 20% for the most risky equity strategies.
At present, Millennium TFI S.A. currently manages four funds: the Open-End Investment Fund with 6 separate sub-funds investing on the Polish market (Millennium FIO), Specialist Open-End Investment Fund with 6 separate sub-funds investing on the global markets (Millennium SFIO), Millennium PPK Specialist Investment Fund with 8 separate sub-funds and the private Millennium Dividend Closed-End Investment fund dedicated to Bank Millennium’s Private Banking customers. Through its open-ended funds, the Company offered participation units in 20 investment sub-funds with different investment strategies and different risk levels.
In 2020 in cooperation with its partners, Millennium TFI actively participated in the offering of modern system tools to employers to launch and operate Employee Capital Schemes in the 2nd and 3rd phase of the program.
The company’s broad offering includes also various savings products based on the investment funds it manages. Its most popular products include the Millennium Investment Plan, which allows customers to purchase several funds within the pre-defined investment structures, and Individual Retirement Accounts. Millennium TFI is one of the leading fund management companies on the market in terms of the number of managed Individual Retirement Accounts (IKE). Millennium TFI currently manages IKE programs for 33 thousand customers, with the total asset value of PLN400 million. At the end of 2020, the total value of assets invested in various savings products was approximately PLN1 billion.