The Global Growth of Mutual Funds

• Tác giả: Deepthi Fernando
• Ngôn ngữ: eng
• Ký hiệu phân loại: 332.15 International banks
• Thông tin xuất bản: World Bank, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 318134
• Chủ đề: 1. BOND OPTIONS; 2. EQUITY FUNDS; 3. GLOBAL ENVIRONMENT; 4. MIDDLE-INCOME ECONOMIES; 5. MUTUAL FUND RATING

Tóm tắt

With few exceptions, mainly in Asia, mutual funds grew explosively in most countries around the world during the 1990s. Equity funds predominated in Anglo-American countries while bond funds predominated in most of Continental Europe, and in middle-income countries. Capital market development (reflecting investor confidence in market integrity, liquidity, and efficiency) and financial system orientation were the main determinants of mutual fund growth. Restrictions on competing products acted as a catalyst for the development of money market and (short-term) bond funds.