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Industrie de la gestion d'actifs : de l'émergence à l'apparition de nouveaux risques

Author

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  • Sébastien Galanti
  • Françoise Le Quéré

Abstract

In the early 1980s, various reports and analyses promoted the emergence of investment funds. The objective was to attract savings to the financial markets, in order to compete with bank financing, thus reducing the cost of financing and encouraging investment. On the one hand, the size of the asset management industry today illustrates the success of this ambition. Both household and institutional investors' savings are more diversified than they were forty years ago. On the other hand, new market risks and an ambivalent impact on financing and investment are dampening this success and currently worrying regulators. Classification JEL : G11, G23, G28.

Suggested Citation

  • Sébastien Galanti & Françoise Le Quéré, 2020. "Industrie de la gestion d'actifs : de l'émergence à l'apparition de nouveaux risques," Revue d'économie financière, Association d'économie financière, vol. 0(1), pages 109-128.
    • Handle: RePEc:cai:refaef:ecofi_137_0109
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    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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