The article presents two different categories important for self-government units: self-government bonds and investment funds. They are presented from the double perspective of getting outside financing source for self-government and locating financial surplus. The article aims to show that these two apparently separate instruments are intertwined.
Corporate governance standards are of paramount importance to the effective functioning of financial markets. Investment fund managers acting as institutions of public trust should take the utmost care to apply the principles of corporate governance. Explored in this study is analysis of corporate governance arrangements used by investment fund companies operating on Polish market.
The aim of this paper is an analysis of an investment fund's portfolio structure utilizing fund's risk-tolerance coefficient, which is the reciprocal of the Arrow - Pratt measure of absolute risk aversion. The risk-tolerance coefficient indicates the fund manager's willingness to accept greater risk in order of their aggressiveness. We examined the aggressiveness of selected 15 equity open-end mutual funds using daily and monthly data from January 2003 to January 2009.
The article presents results of analysis of the investment funds market in Poland in 2003-2007. The analysis was basically made in main groups of the investment funds. In the article are presented the data, which described changes on capital market and in portfolio structure of the investment funds. It is a base for the investment funds market general assessment.
The development of investment funds is the result of many factors influence. These factors affect the functioning of these institutions stimulating or restricting their development. The subject of this paper are considerations relating to the circumstances demand the development of investment funds in conjunction with the investor's decision-making process (investor as an entity that creates the demand for shares in investment funds).
Real estate funds operate in the same way as securities investment funds, differing only in the subject of trade. This subject - the property- is characterized by much less liquidity than securities, and therefore the market is much more difficult and diverted to long-term investment. As the roar of real estate investment funds operate in Poland for only a few years, the time after which one could make a full and unambiguous assessment of their business has not yet passed. The aim of this article is an attempt to answer the question whether the financial crisis affects the valuation of real estate operating funds. The main thesis of the paper is that real estate funds operating in Poland can be divided into three groups, depending on the evolution of investment fund certificates valuation in relation to the economic status of the Polish capital market.
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.