HUF “in the pilow”

Investors have generally become more cautious world-wide – summed up Ákos Kozák, managing director, the findings of the survey “Investment Barometer” prepared by the Gfk Group for the The Wall Street Journal Europe. 8 out of 10 investors are more interested in security than high returns. 40 per cent of investors in Europe keep their money in bank deposits. Life insurance and pension funds are also popular financial services. The proportion of people who keep their money “in the pillow” is still remarkably high in Hungary. 75 per cent of households do not have any kind of investment. 11 per cent have bank deposits and 10 per cent have life insurance. Only 5 per cent are clients of the pension funds which are very popular in Western Europe.