Prospects of Exchange-Traded Funds’ Development in Russia

Vasiliy A. Tatyannikov
Additional contact information
Vasiliy A. Tatyannikov: Ural State University of Economics

Journal of New Economy, 2018, vol. 19, issue 6, 89-100

Abstract: Collective investment has been a world trend for decades, though in Russia only some of its technologies became widespread, namely mutual and joint-stock funds, whereas exchange-traded funds did not gain much traction. The paper analyses exchange-traded funds as an open and accessible for most unqualified investors technology of collective investment. Theoretical and methodological basis of the research includes classical and modern approaches in the field of investment analysis and effi? ciency of stock markets. The methods of the study are comparative and system analysis, deduction and induction, statistical analysis. Having studied the evolution of the exchange-traded funds in the world practice and dynamics of their assets for the last fifteen years, the author directed particular attention to their development in the Russian stock market and compared their revenues and net asset value. As a result, the author assesses the competiveness of this technology of collective investment in contrast to its classical types. Transparency of exchange-traded funds confirms equal access to and openness of the information to all groups of investors. The author argues that investment in exchange-traded funds is a reasonable suggestion in terms of supporting national economic growth and it is necessary to introduce amendments in the legislation of the Russian Federation connected with the specifics of exchange-traded funds.

Keywords: evolution of exchange-traded funds; underlying; fund portfolio; investor; rebalancing. (search for similar items in EconPapers)
JEL-codes: G21 G22 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://izvestia.usue.ru/images/download/80/7.pdf (application/pdf)
http://izvestia.usue.ru/en/-2018/778 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:url:izvest:v:19:y:2018:i:6:p:89-100

DOI: 10.29141/2073-1019-2018-19-6-7

Access Statistics for this article

Journal of New Economy is currently edited by Yelizaveta A. Belousova

More articles in Journal of New Economy from Ural State University of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Victor Blaginin ().