Perspectives of Collective Investment Undertakings Market

Gabriela Anghelache and Cosmin Paunescu
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Gabriela Anghelache: Academy of Economic Studies, Bucharest
Cosmin Paunescu: Romanian National Securities Commission

Theoretical and Applied Economics, 2008, vol. 3(520), issue 3(520), 61-68

Abstract: The paper presents the main characteristics of the collective investment undertakings, in accordance with the European standards, as well as their prospective evolution in Romania. New elements, appeared post-accession, are highlighted, referring to the structure and management of the collective investment undertakings. Local market is described compared to the European market, with focus on the factors which have impact on its development. Risk management, disclosure and investor protection are the main terms of reference in the management of the collective investment undertakings.

Keywords: investment funds; collective investment undertakings; financial instruments markets; investment policy; market risk; fund assets; portfolio. (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:3(520):y:2008:i:3(520):p:61-68

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