Abstract
The research object of the present work is one of the elements of the financial system, the so-called alternative investment instrument - investment fund. The concept of investment fund is used here in the sense of publicly offered open-ended funds invested in transferable securities and money market funds, which refers to “mutual fund” in the US and UCITS’ in FEFSI’s2 statistics on the European investment funds industry. In Lithuania, the equivalent of investment fund is a variable capital investment company.Under the conditions produced by globalization when the spectrum of services and financial instruments is widening dramatically, competition between financial institutions is growing and mergers appear, the development of a financial system and its sensitivity to changes in global finance is an actual problem for Lithuania; as the financial system develops, the level of living and the average gross monthly earnings increase, the need for investing arises. The trends of the Lithuanian investment fund industry are analysed in relation to the European experience, that’s why the history and factors of development allocation of assets between different fund types of the European investment fund industry are examined.The purpose of this article is to examine the origin and rapid development of investment funds and to analyse trends of investment funds industry development.The methods used: analysis and generalization of scientific works and statistical data.
Highlights
Questions of which stock or bond to select, when to buy, and when to sell have plagued investors for as long as there have been orga-nized capital markets
Such concerns lie at the very heart of the investment fund concept and in large part explain the growth that investment funds have experienced
That is why it is important to improve the activity of the finance system by expanding the network of financial institutions and one of the largest financial intermediaries in the world - the investment fund
Summary
The research object of the present work is one of the elements of the financial system, the so-called alternative investment instrument - investment fund. Under the conditions produced by globalization when the spectrum of services and financial instruments is widening dramatically, competition between financial institutions is growing and mergers appear, the development of a financial system and its sensitivity to changes in global finance is an actual problem for Lithuania; as the financial system develops, the level of living and the average gross monthly earnings increase, the need for investing arises. The purpose of this article is to examine the origin and rapid development ofinvestment funds and to analyse trends of investment funds industry development. The methods used: analysis and generalization of scientific works and statistical data
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