The summer of 2019 marked the dawn of a new are in the Hungarian savings market with the introduction of the 'superbond', which has brought a series of changes to market players. Despite good yields, investment funds were unable to attract substantial new investments in 2019, property funds were among the chief casualties of the MÁP+ bond, the amount of stocks held by households is increasing but not fast enough, while cash use has reached unprecedented levels. The market for long-term savings is also changing, wit the government set to introduce retirement bonds in the first half of 2020, while the National Bank of Hungary has proposed setting up welfare funds.
Meanwhile, investors are increasingly into environmental awareness, and this shows in investments as well: investments prioritising environmental, social and governance (ESG) are gaining ground at an astounding rate, while an increasing number of Hungarian fund managers are launching their own ESG or thematic funds and businesses now consider ESG certificates essential.
The morning programme of our conference features several renowned domestic and foreign asset managers and market professionals who will offer investment professionals, private banking consultants and sales personnel a few guidelines on the 2020 investment, wealth management and savings trends, and also on what to invest in if the global economy enters a recession and what to do in a continued bull market.
In the afternoon section of the event, we will seek to answer what future sales trends will be; how customer satisfaction can be increased; what new products can help increase the profit margins of fund managers, private banks and other players in the investment and savings market; and also what investments can offer viable alternatives to retail government securities. There will be a special focus on ESG and thematic investments.
