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Tregu i fondeve t\u00eb investimit u rrit p\u00ebr t\u00eb dytin vit radhazi n\u00eb 2024. Sipas t\u00eb dh\u00ebnave zyrtare nga Autoriteti i Mbik\u00ebqyrjes Financiare (AMF), asetet neto t\u00eb k\u00ebtyre fondeve n\u00eb fund t\u00eb vitit t\u00eb kaluar arrit\u00ebn n\u00eb 61.4 miliard\u00eb lek\u00eb. Vlera neto e aseteve \u00ebsht\u00eb rritur me 22% krahasuar me nj\u00eb vit m\u00eb par\u00eb.<\/span><\/p>\n Vlera e aseteve ngelet ende m\u00eb e ul\u00ebt krahasuar me nivelin rekord historik, q\u00eb ishte arritur n\u00eb fund t\u00eb vitit 2021. Viti 2022 solli nj\u00eb goditje t\u00eb fort\u00eb p\u00ebr tregun, t\u00eb shkaktuar nga rritja e shpejt\u00eb e normave t\u00eb interesit dhe yield-eve n\u00eb tregun financiar. Kjo zhvler\u00ebsoi portofolin e titujve t\u00eb mbajtur nga fondet e investimit, solli ulje t\u00eb vler\u00ebs s\u00eb aseteve dhe t\u00ebrheqje t\u00eb konsiderueshme t\u00eb an\u00ebtar\u00ebve nga fondet.<\/span><\/p>\n Megjithat\u00eb, frenimi i rritjes s\u00eb normave t\u00eb interesit gjat\u00eb vitit 2023 b\u00ebri q\u00eb vlera e aseteve t\u2019i kthehet rritjes dhe numri i an\u00ebtar\u00ebve gjithashtu, duke e vendosur tregun n\u00eb nj\u00eb faz\u00eb rikuperimi gradual.<\/span><\/p>\n Numri i an\u00ebtar\u00ebve n\u00eb fund t\u00eb vitit t\u00eb kaluar arriti n\u00eb 37 786, n\u00eb rritje me 17.4% krahasuar me fundin e vitit 2023. Megjithat\u00eb, edhe numri i investitor\u00ebve ngelet ende larg nivelit prej m\u00eb shum\u00eb se 40 mij\u00eb subjektesh (n\u00eb mas\u00ebn d\u00ebrrmuese individ\u00eb) q\u00eb regjistrohej para rritjes s\u00eb normave t\u00eb interesit, n\u00eb fund t\u00eb vitit 2021.<\/span><\/p>\n Fondet e investimit n\u00eb Lek\u00eb i kan\u00eb p\u00ebrqendruar investimet e tyre sidomos n\u00eb bono dhe obligacione t\u00eb qeveris\u00eb shqiptare dhe n\u00eb nj\u00eb mas\u00eb m\u00eb t\u00eb vog\u00ebl n\u00eb mjete likuide (llogari bankare). Fondet n\u00eb valut\u00eb kan\u00eb nj\u00eb spekt\u00ebr m\u00eb t\u00eb gjer\u00eb investimesh, por edhe aty n\u00eb volume dominojn\u00eb instrumentet financiare t\u00eb borxhit t\u00eb qeverive dhe shoq\u00ebrive tregtare. Disa prej fondeve jan\u00eb t\u00eb angazhuara edhe n\u00eb investime n\u00eb aksione, por pesha e tyre specifike n\u00eb treg ngelet e ul\u00ebt.<\/span><\/p>\n Deri n\u00eb fund t\u00eb vitit 2024, n\u00eb treg ishin aktive 16 fonde investimi, t\u00eb administruara nga pes\u00eb shoq\u00ebri t\u00eb ndryshme administruese. Prej tyre, 13 jan\u00eb fonde t\u00eb hapura investimi, kryesisht n\u00eb instrumente financiare, nd\u00ebrsa tre jan\u00eb fonde p\u00ebr investime alternative.<\/span><\/p>\n Tregu dominohet nga fondet n\u00eb monedh\u00ebn vendase, q\u00eb p\u00ebrb\u00ebjn\u00eb af\u00ebrsisht 92% t\u00eb vler\u00ebs neto t\u00eb aktiveve t\u00eb fondeve t\u00eb investimit n\u00eb instrumente financiare. N\u00eb dy vitet e fundit, vlera e fondeve n\u00eb valut\u00eb t\u00eb huaj ka ardhur n\u00eb r\u00ebnie, e ndikuar negativisht edhe nga efekti i kursit t\u00eb k\u00ebmbimit.<\/span><\/p>\n Mes fondeve, m\u00eb i madhi me diferenc\u00eb t\u00eb konsiderueshme ngelet fondi i investimeve n\u00eb lek\u00eb, Raiffeisen Prestigj, me 61.7% t\u00eb aseteve neto t\u00eb tregut. Vijon fondi tjet\u00ebr n\u00eb Lek\u00eb i shoq\u00ebris\u00eb Raiffeisen Invest, Raiffeisen Vizion, me 17.6% t\u00eb vler\u00ebs neto t\u00eb aseteve. Mes fondeve n\u00eb valut\u00eb t\u00eb huaj, m\u00eb i madhi \u00ebsht\u00eb Raiffeisen Invest Euro, me 6.4% t\u00eb vler\u00ebs neto t\u00eb aseteve.<\/span><\/p>\n Pjes\u00eb t\u00eb konsiderueshme tregu z\u00ebn\u00eb tashm\u00eb edhe fondet e investimeve alternative, q\u00eb n\u00eb fund t\u00eb 2024 zot\u00ebronin pothuajse 10% t\u00eb aseteve neto t\u00eb tregut. Vlera e aseteve neto t\u00eb fondeve t\u00eb investimeve alternative arriti n\u00eb afwrsisht 6 miliard\u00eb lek\u00eb, me nj\u00eb rritje prej 25% krahasuar me vitin 2023. N\u00eb pjes\u00ebn d\u00ebrrmuese, k\u00ebto asete u takojn\u00eb shoq\u00ebrive Sea Land dhe Green View, nd\u00ebrsa vitin e kaluar nisi aktivitetin edhe fondi i tret\u00eb i investimeve alternative, Credins Optimal.<\/span><\/p>\n Asetet e k\u00ebtyre fondeve jan\u00eb t\u00eb investuara kryesisht n\u00eb pasuri t\u00eb paluajtshme dhe rritja e vler\u00ebs s\u00eb pronave ka dh\u00ebn\u00eb efekt pozitiv n\u00eb totalin e aseteve t\u00eb k\u00ebtyre fondeve gjat\u00eb viteve t\u00eb fundit.<\/span><\/p>\n Ligji i ri \u201cP\u00ebr sip\u00ebrmarrjet e investimeve kolektive\u201d, q\u00eb hyri n\u00eb fuqi n\u00eb Qershor 2020, krijoi baz\u00ebn ligjore edhe p\u00ebr Fondet e Investimit Alternative, fonde ku mund t\u00eb investojn\u00eb vet\u00ebm investitor\u00eb profesionist\u00eb dhe t\u00eb kualifikuar.<\/span><\/p>\n Ligji p\u00ebrcakton si klient\u00eb profesionist\u00eb subjektet e licencuara p\u00ebr t\u00eb ushtruar veprimtari n\u00eb tregjet financiare, si bankat, firmat e investimeve, shoq\u00ebrit\u00eb e sigurimeve, sip\u00ebrmarrjet e investimeve kolektive, fondet e pensionit vullnetar dhe shoq\u00ebrit\u00eb administruese t\u00eb k\u00ebtyre sip\u00ebrmarrjeve, etj.\/ E.Shehu<\/span><\/p>\n
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