Slovenian mutual fund industry

Key facts and figures

September 2015

AGENDA• Overview of slovenian economic developments and

influence of those on the mutual fund flows

• Slovenian mutual fund industry and comparison with other countries

OVERVIEW OF SLOVENIAN ECONOMIC DEVELOPMENTS AND INFLUENCE OF THOSE ON THE MUTUAL FUND FLOWS

Fund flows and AUM

Influence of stock market on investor sentiment in Slovenia

-80.000

-60.000

-40.000

-20.000

0

20.000

40.000

60.000

80.000

0

20

40

60

80

100

120

dec.

07

mar

.08

jun.

08

sep.

08

dec.

08

mar

.09

jun.

09

sep.

09

dec.

09

mar

.10

jun.

10

sep.

10

dec.

10

mar

.11

jun.

11

sep.

11

dec.

11

mar

.12

jun.

12

sep.

12

dec.

12

mar

.13

jun.

13

sep.

13

dec.

13

mar

.14

jun.

14

sep.

14

dec.

14

mar

.15

jun.

15

Comparison of fund flows with market movements

Net Flows (RHS) Index SBITOP (LHS) Index S&P European 350 (LHS)

… pretty much the same as elsewhere

Influence of unemployment on investor sentiment

-80.000

-60.000

-40.000

-20.000

0

20.000

40.000

60.000

80.000

0

2

4

6

8

10

12

14

16

Fund flows and unemployment rate

Net Flows (RHS) Unemployment rate (%) - RHS

GDP and fund flows

-80.000

-60.000

-40.000

-20.000

0

20.000

40.000

60.000

80.000

-12

-10

-8

-6

-4

-2

0

2

4

6

8

dec.

07

mar

.08

jun.

08

sep.

08

dec.

08

mar

.09

jun.

09

sep.

09

dec.

09

mar

.10

jun.

10

sep.

10

dec.

10

mar

.11

jun.

11

sep.

11

dec.

11

mar

.12

jun.

12

sep.

12

dec.

12

mar

.13

jun.

13

sep.

13

dec.

13

mar

.14

jun.

14

sep.

14

dec.

14

mar

.15

jun.

15

Slovenian GDP growth and fund flows

Net Flows (RHS) GDP growth (% YOY) - RHS

Retail trade and fund flows

-80.000

-60.000

-40.000

-20.000

0

20.000

40.000

60.000

80.000

-20

-15

-10

-5

0

5

10

15

20

dec.

07fe

b.08

apr.0

8ju

n.08

avg.

08ok

t.08

dec.

08fe

b.09

apr.0

9ju

n.09

avg.

09ok

t.09

dec.

09fe

b.10

apr.1

0ju

n.10

avg.

10ok

t.10

dec.

10fe

b.11

apr.1

1ju

n.11

avg.

11ok

t.11

dec.

11fe

b.12

apr.1

2ju

n.12

avg.

12ok

t.12

dec.

12fe

b.13

apr.1

3ju

n.13

avg.

13ok

t.13

dec.

13fe

b.14

apr.1

4ju

n.14

avg.

14ok

t.14

dec.

14fe

b.15

apr.1

5ju

n.15

Slovenian retail trade change and fund flows

Net Flows (RHS) Retail Trade

SLOVENIAN MUTUAL FUND INDUSTRY, COMPARISON WITH OTHER COUNTRIES AND FUTURE PROJECTIONS

Comparison of AUM by type of fund

Equity Balanced Bond Money Market0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

Slovenia

Equity Balanced Bond Money Market

Other0%

10%20%30%40%50%60%70%

EU

Equity Balanced Bond Money Market

0%10%20%30%40%50%60%70%

USA

• Only Japan has more – app. 90% in equity funds

EFAMA – june 2015 statistics Ici.org – Q1 2015 statistics

Securities Market Agency – july 2015 data

Assets per capita by country in correlation with GDP

0

10.000

20.000

30.000

40.000

50.000

60.000

70.000

0 10.000 20.000 30.000 40.000 50.000 60.000 70.000 80.000

Mutual fund assets per capita

Mutual fund assets per capita Expon. (Mutual fund assets per capita)

BU, TR, RO, CRO

HU, PL, GR, PO, SL, SV, CZ

SP, IT

CH

NO

Other EU

GDP/p.c.

Assets/p.c.

EFAMA projections

Thank you for your attention!