The effectiveness of mutual funds: theoretical approaches and the experience of Russia

Эффективность паевых инвестиционных фондов: теоретические подходы и опыт России

Alexander Abramov, Akshentseva, Kseniya (Акшенцева, Ксения) () and Alexander Radygin
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Akshentseva, Kseniya (Акшенцева, Ксения): Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Ekonomicheskaya Politika / Economic Policy, 2015, vol. 4, 60—86

Abstract: Unlike many countries, focused on the development of domestic stock market, collective investments in Russia do not play an active role in the mobilization of domestic savings, private investors. This is due not only to low-income and higher risk investments in securities of Russian issuers, but also the problems of lack of effectiveness of the funds themselves. Reducing costs, economies of scale, professional portfolio managers, diversification of investments on the global market, specialization management companies can have a positive impact on the profitability of funds. Key words: mutual funds, excess return, mutual funds, the balance of sales, the Russian stock market, management companies, asset management.

JEL-codes: D14 E44 G12 G15 G18 G23 G28 (search for similar items in EconPapers)
Date: 2015
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