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

Author

Listed:
  • Abramov, Alexander

    () (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Akshentseva, Kseniya

    () (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Radygin, Alexander

    () (Gaidar institute for economic policy)

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.

Suggested Citation

  • Abramov, Alexander & Akshentseva, Kseniya & Radygin, Alexander, 2015. "The effectiveness of mutual funds: theoretical approaches and the experience of Russia," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 60-86.
  • Handle: RePEc:rnp:ecopol:ep1541
    as

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    References listed on IDEAS

    as
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    More about this item

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • 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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