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The Development of Collective Investments in Russia
[Развитие Коллективных Инвестиций В России]

Author

Listed:
  • Abramov, Alexander E. (Абрамов, Александр Е.)

    (Russian presidental academy of national economy and public administration (RANEPA))

  • Akshentseva, Ksenya (Акшенцева, Ксения)

    (Russian presidental academy of national economy and public administration (RANEPA))

Abstract

The aim of the present work is identifying the main factors affecting the economics of open and interval mutual funds to manage the process of increasing the efficiency and competitiveness of collective investments in Russia. The study was conducted on the basis of the financial statements of management companies of mutual funds and information resource of the National League of Governors (NLU) in 709 open and interval mutual funds over the period of 2000-2012, Including 535 funds, which continued to operate in 2012. Analysis of factors affecting the excess return of open and interval mutual funds, the balance of the sales of shares, the amount of compensation management companies mutual funds showed that, despite the small size of the collective investment industry, Russian mutual funds follow many patterns that are typical for similar funds in other countries. Increasing the scale of operations and reducing costs for managing OIF are the most significant reserves for increasing the profitability of their portfolios. Low competitiveness and insufficient size OIF are largely influenced by shortcomings in the regulation.

Suggested Citation

  • Abramov, Alexander E. (Абрамов, Александр Е.) & Akshentseva, Ksenya (Акшенцева, Ксения), 2014. "The Development of Collective Investments in Russia [Развитие Коллективных Инвестиций В России]," Published Papers om17, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:ppaper:om17
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    References listed on IDEAS

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    Keywords

    collective investments; investment funds;

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