For members seeking high-yield savings or supplementing their future pension, the rate of return is extremely important, but for other purposes, it does not matter how much return the fund achieves for members as long as the fund rotates the amount. IZYS fund started investing savings in the last quarter of 2007, so it published its first yield publication in the first quarter 2008 and has been publishing the rate of return regularly every quarter since.
The last column of the table shows the gross interest that banks would have had to pay on their time deposit before deducting interest tax in order to receive an interest credit equivalent to the fund’s return. Meaning if you received less from the bank than that, your savings would be worse off than if you had deposited them in our fund.
|Period||Annualized return||Percentage corresponding to bank interest|
|2008.||10,9 %||14,1 %|
|2009.||10,5 %||13,7 %|
|2010.||5,6 %||7,1 %|
|2011||4,5 %||5,7 %|
|2012||7,7 %||9,4 %|
|2013||4,6 %||5,7 %|
|2014||4,2 %||5,4 %|
|2015||1,34 %||1,73 %|
|2016||1,07 %||1,26 %|
|2017||0,48 %||0,57 %|
The returns achieved and published in the individual accounts are net returns, ie they are not subject to additional costs and taxes.
In 2008, the average annual return reached 10.9%, with which the IZYS Self-help Fund took first place among not only self-help funds, but also health and pension funds.
The fund’s investment policy is conservative, so it invests its members’ savings in neither equities nor derivatives, meaning a negative return can never occur. The savings are mainly invested in securities and bank deposits guaranteed by the Hungarian state. This way our members can always know their savings are safe in the fund’s hands, regardless of crises and economic downturns.