tecis Holding AG
Tecis Holding AG english
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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tecis reporting high capital inflows in spite of stock-market crisis
Investors using low prices to engage in long-term investments – sharp increase
in the volume of savings plans
Despite the current stock-market turbulence, the tecis Group is continuing to
record high capital inflows: Total net new inflows into the investment funds
sold by tecis exceeded DM 350 million in the first half of 2001. Thus, tecis
has held onto the high level achieved in the first half of 2000, the first
three months of which were characterized by extreme euphoria on the stock
market. All told, tecis has been able to shield itself from the slump in new
capital inflows into German investment companies, which according to BVI are
down a good 60% year-on-year across all categories and as much as 80% in the
case of equity funds. Total assets under management at the tecis Group came to
approx. DM 3.1 billion.
Specializing in financial planning concepts for private households, tecis
Finanzdienstleistungen AG, the Group’s most important member, recorded inflows
of DM 125 million*) into investment funds in the first six months of the year.
tecis’ private customers are evidently seeking to leverage the current low
prices by entering into long-term savings plans, simultaneously benefiting from
cost-average advantages, i.e. the lower average prices of their overall
investment. All in all, the volume of savings plans in the tecis Group rose by
more than 30% over the first half of 2000.
On June 30, 2001 the value of assets under management at tecis
Finanzdienstleistungen AG was virtually unchanged at just under DM 700
million*) in spite of the weak state of the capital markets. This was joined by
inflows of approx. DM 70 million into fund-linked life insurance policies in
which assets of approx. DM 600 million were held for customers as at June 30,
2001.
tecis Maklerservice AG, which operates as a mediation pool for brokers,
arranged new investments of approx. DM 150 million in investment funds in the
first half of 2001, with assets under management standing at approx. DM 1.5
billion as of June 30. Thus, after the exceptional year in 2000, tecis
Maklerservice is still performing well above the level achieved in 1999.
As at June 30, tecis Asset Management AG held assets under management of DM
304 million in five fund-of-funds of its own and for individual customers,
with capital inflows coming to approx. DM 14 million in the first six months.
*) including Global AG
For more information, please contact CEO Christian Steinberg on
+49 40 69 69 51-120 or Andre Noll (investor relations) on +49 40 69 69 51-743
immediately after publication of the ad-hoc release.
end of ad-hoc-announcement (c)DGAP 07.09.2001
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WKN: 621160; Index: MDAX
Listed: Amtlicher Handel in Frankfurt, Hamburg, Freiverkehr in Berlin, Bremen,
Düsseldorf, München, Stuttgart
070715 Sep 01
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