TFI PZU shifts investment strategies for two funds

TFI PZU has reverted two sub-funds to their former names and modified their investment strategies. The changes, effective October 1, 2024, involve the PZU Akcji Rynków Rozwiniętych and PZU Dłużny Aktywny funds.

According to Jarosław Leśniczak, Vice President of TFI PZU, the decision follows a trend where Polish investors prefer traditional investment products over ESG-focused ones. The bond fund, previously known as PZU Obligacji Odpowiedzialnego Rozwoju, no longer promotes environmental or social aspects under Article 8 of the SFDR regulation. Consequently, the previous requirement to invest at least 50 percent of assets in green, social, or sustainable bonds has been removed.

The equity fund has also seen a reduction in its previous ESG requirements. These modifications include changes to investment policies, asset selection criteria, and benchmarks.