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News Parkiet
27.05.2004,

Investing

Sejm deputies prefer bonds

to stock market

Polish politicians prefer to play it safe when it comes to personal investments. A brief survey of annual personal finance statements released by Sejm deputies shows that just 15 of the 460 members had publicly traded stocks, worth a total of 2.7 million zloty. That compares with almost six million zloty in government bonds held by 34 deputies and 2.8 million zloty in savings held in mutual funds. Most Sejm deputies had at least some cash savings in term deposits.

Rafał Zagórny from the right-of-center Civic Platform is the biggest risk-taker. Mr. Zagórny has almost two million zloty in 2NFI and 7 NFI privatization funds and Telekomunikacja Polska, Poland?s national phone company. Zagórny said he made 374.000 zloty ($96.000) on the stock...


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