Industrie de la gestion d'actifs: de l'émergence à l'apparition de nouveaux risques

Sébastien Galanti and Françoise Le Quéré

Revue d'économie financière, 2020, vol. N° 137, issue 1, 109-128

Abstract: In the early 1980s, various reports and analyses promoted the emergence of investment funds. The objective was to attract savings to the financial markets, in order to compete with bank financing, thus reducing the cost of financing and encouraging investment. On the one hand, the size of the asset management industry today illustrates the success of this ambition. Both household and institutional investors' savings are more diversified than they were forty years ago. On the other hand, new market risks and an ambivalent impact on financing and investment are dampening this success and currently worrying regulators. Classification JEL : G11, G23, G28.

JEL-codes: G11 G23 G28 (search for similar items in EconPapers)
Date: 2020
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Related works:
Working Paper: Industrie de la gestion d'actifs: de l'émergence à l'apparition de nouveaux risques (2020)
Working Paper: Industrie de la gestion d’actifs: de l’émergence à l’apparition de nouveaux risques (2020)
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