{"id":289,"date":"2021-01-13T11:05:45","date_gmt":"2021-01-13T10:05:45","guid":{"rendered":"http:\/\/apenize.cz\/?p=289"},"modified":"2021-01-13T11:05:47","modified_gmt":"2021-01-13T10:05:47","slug":"spravcovske-spolecnosti-pristupuji-k-problematice-likvidity-zodpovedne","status":"publish","type":"post","link":"https:\/\/apenize.cz\/?p=289","title":{"rendered":"Spr\u00e1vcovsk\u00e9 spole\u010dnosti p\u0159istupuj\u00ed k problematice likvidity zodpov\u011bdn\u011b"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Slovensk\u00e1 asociace spr\u00e1vcovsk\u00fdch spole\u010dnost\u00ed si um\u00ed p\u0159edstavit zm\u011bny a vylep\u0161en\u00ed v legislativ\u011b a regulaci fond\u016f nemovitost\u00ed a aktivn\u011b o nich vyjedn\u00e1v\u00e1<br>Spr\u00e1vcovsk\u00e9 spole\u010dnosti na Slovensku p\u0159istupuj\u00ed podle spr\u00e1vcovsk\u00e9 asociace k problematice likvidity zodpov\u011bdn\u011b. Likviditu v pod\u00edlov\u00fdch fondech vzpom\u00edn\u00e1 jako rizikov\u00fd faktor n\u00e1rodn\u00ed banka v nejnov\u011bj\u0161\u00ed zpr\u00e1v\u011b o finan\u010dn\u00ed stabilit\u011b. &#8222;O tom, \u017ee slovensk\u00e9 spr\u00e1vcovsk\u00e9 spole\u010dnosti p\u0159istupuj\u00ed k t\u00e9to problematice na odborn\u00e9 \u00farovni, sv\u011bd\u010d\u00ed i fakt, \u017ee b\u011bhem druh\u00e9 nejv\u011bt\u0161\u00ed finan\u010dn\u00ed a n\u00e1sledn\u00e9 hospod\u00e1\u0159sk\u00e9 krize za posledn\u00edch sto let, kdy za posledn\u00ed t\u0159i m\u011bs\u00edce roku 2008 jsme na Slovensku zaznamenali celkov\u00e9 redem\u00e1cie (vyplacen\u00ed investice na \u00fa\u010det klienta, pozn. red.) ve v\u00fd\u0161i 1,5 mld. eur, ani jeden ze Slovensk\u00e9 fond\u016f nem\u011bl takov\u00fd probl\u00e9m s likviditou, kter\u00fd by zp\u016fsobil pozastaven\u00ed \u017e\u00e1dost\u00ed o vr\u00e1cen\u00ed pod\u00edl\u016f co jen na jedin\u00fd den, &#8222;\u0159ekl pro agenturu SITA v\u00fdkonn\u00fd \u0159editel \u010cesk\u00e9 asociace spr\u00e1vcovsk\u00fdch spole\u010dnost\u00ed Ivan Zn\u00e1\u0161ik.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Na druh\u00e9 stran\u011b j\u00e1 podle Zn\u00e1\u0161ika pravda, \u017ee tehdy na Slovensku neexistoval v sou\u010dasnosti \u00fasp\u011b\u0161n\u00fd sektor realitn\u00edch fond\u016f. I u nich je \u0159\u00edzen\u00ed likvidity velmi d\u016fle\u017eit\u00e9. Av\u0161ak podle Zn\u00e1\u0161ika z hlediska jejich podstaty, kterou je investov\u00e1n\u00ed p\u0159\u00edmo do nemovitost\u00ed generuj\u00edc\u00edch zisk z n\u00e1jm\u016f a zm\u011bny ocen\u011bn\u00ed v \u010dase, je n\u00edzk\u00e1 likvidita t\u011bchto aktiv jejich p\u0159irozenou vlastnost\u00ed. &#8222;Proto je d\u016fle\u017eit\u00e9 pro investory tuto p\u0159irozenou vlastnost realitn\u00edch fond\u016f zn\u00e1t a neinvestovat do nich v\u011bt\u0161\u00ed \u010d\u00e1st sv\u00fdch \u00faspor a b\u00fdt p\u0159ipraven na mo\u017enost, \u017ee budou muset po\u010dkat p\u016fl roku nebo rok, aby se k investovan\u00fdm pen\u011bz\u016fm dostali v p\u0159\u00edpad\u011b v\u00e1\u017en\u00fdch probl\u00e9m\u016f na trhu nemovitost\u00ed. A to v p\u0159ev\u00e1\u017en\u00e9 m\u00ed\u0159e z d\u016fvodu z\u00edsk\u00e1n\u00ed f\u00e9rov\u00e9 \u200b\u200bceny p\u0159i prodeji nemovitosti, kter\u00e1 vy\u017eaduje hlavn\u011b \u010das, &#8222;poznamenal Zn\u00e1\u0161ik.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"750\" src=\"https:\/\/apenize.cz\/wp-content\/uploads\/2021\/01\/pexels-photo-5717642.jpeg\" alt=\"\" class=\"wp-image-291\" srcset=\"https:\/\/apenize.cz\/wp-content\/uploads\/2021\/01\/pexels-photo-5717642.jpeg 500w, https:\/\/apenize.cz\/wp-content\/uploads\/2021\/01\/pexels-photo-5717642-200x300.jpeg 200w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Upozor\u0148ov\u00e1n\u00ed na problematiku likvidity p\u0159ich\u00e1z\u00ed zejm\u00e9na od evropsk\u00fdch regul\u00e1tor\u016f a n\u00e1rodn\u00ed regul\u00e1tor, N\u00e1rodn\u00ed banka Slovenska, na tyto trendy reaguje. Slovensk\u00e1 asociace spr\u00e1vcovsk\u00fdch spole\u010dnost\u00ed si um\u00ed p\u0159edstavit zm\u011bny a vylep\u0161en\u00ed v legislativ\u011b a regulaci fond\u016f nemovitost\u00ed a aktivn\u011b o nich jedn\u00e1, av\u0161ak v\u00fdraznou regulaci likvidity ve fondech obecn\u011b pova\u017euje jako kontraproduktivn\u00ed, proto\u017ee v\u00fd\u0161ka m\u00edry likvidity podle Zn\u00e1\u0161ika ovliv\u0148uje negativn\u011b v\u00fdkonnost fond\u016f jako takov\u00fdch. &#8222;P\u0159ipad\u00e1 mi to podobn\u011b jakoby \u00fa\u0159ad pro civiln\u00ed l\u00e9t\u00e1n\u00ed (FIAA) cht\u011bl zmen\u0161it d\u00e9lku k\u0159\u00eddel letadel jen proto, aby dok\u00e1zali bezpe\u010dn\u011b p\u0159ist\u00e1vat i na d\u00e1lnici v p\u0159\u00edpad\u011b probl\u00e9m\u016f za letu, p\u0159esto, \u017ee to zp\u016fsob\u00ed v\u00fdrazn\u00e9 sn\u00ed\u017een\u00ed efektivity letu,&#8220; dodal Zn\u00e1\u0161ik.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Slovensk\u00e1 asociace spr\u00e1vcovsk\u00fdch spole\u010dnost\u00ed si um\u00ed p\u0159edstavit zm\u011bny a vylep\u0161en\u00ed v legislativ\u011b a regulaci fond\u016f nemovitost\u00ed a aktivn\u011b o nich vyjedn\u00e1v\u00e1Spr\u00e1vcovsk\u00e9 spole\u010dnosti na Slovensku p\u0159istupuj\u00ed podle spr\u00e1vcovsk\u00e9 asociace k problematice likvidity zodpov\u011bdn\u011b. Likviditu v pod\u00edlov\u00fdch fondech vzpom\u00edn\u00e1 jako rizikov\u00fd faktor n\u00e1rodn\u00ed banka v nejnov\u011bj\u0161\u00ed zpr\u00e1v\u011b o finan\u010dn\u00ed stabilit\u011b. &#8222;O tom, \u017ee slovensk\u00e9 spr\u00e1vcovsk\u00e9 spole\u010dnosti p\u0159istupuj\u00ed [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-289","post","type-post","status-publish","format-standard","has-post-thumbnail","category-investice"],"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/apenize.cz\/index.php?rest_route=\/wp\/v2\/posts\/289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/apenize.cz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apenize.cz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apenize.cz\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/apenize.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=289"}],"version-history":[{"count":0,"href":"https:\/\/apenize.cz\/index.php?rest_route=\/wp\/v2\/posts\/289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/apenize.cz\/index.php?rest_route=\/wp\/v2\/media\/290"}],"wp:attachment":[{"href":"https:\/\/apenize.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apenize.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apenize.cz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}