The development of mutual funds in Russia
The article examines the profitability of the mutual funds in Russia, as well as factors influencing their excess return, sale of shares and the size of the cost of investors. The regression analysis of 709 funds. In the years 2001-2012 the average yield of mutual fund shares higher than inflation, but inferior to the yield of the index portfolio. This is due to the small size of the fund and the inflated level of expenditure management. However, the size of excess return, the balance of the sales of shares and compensation management companies in Russian mutual funds follow the same laws as that of their counterparts abroad. This indicates that, overall, they perform the same functions as the mutual funds abroad.
Volume (Year): (2014)
Issue (Month): ()
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