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Mutual funds
Skarbiec to launch first Polish umbrella fund
TFI Skarbiec, a mutual fund company that is part of BRE Bank group, has filed to register Poland's first umbrella fund with the Securities and Exchanges Commission.
'We want to set up an umbrella fund consisting of three subfunds', Piotr Kuba, senior executive at TFI Skarbiec told PARKIET.
New funds will offer tax advantages to investors by letting them switch from one fund to another without triggering capital gains taxes.
Privatization
Eureko holds last chance talks over PZU
Representatives of Eureko, pan-European insurance group met with Polish government officials yesterday for secret talks to settle the dispute over privatization sale of PZU, Poland's biggest insurer.
Poland could end up paying as...
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