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The outlook for the development of the investment funds in the republic of Croatia

Author

Listed:
  • Dijana Juric

    (Saipem Mediteran Usluge d.o.o., Rijeka)

Abstract

During the nineties, investment funds recorded rapid development in most developed countries and became important agents on the financial markets. In the developing and transitional countries the investment funds industry, although it too has recorded accelerated rates of growth, is still essential lagging behind that of the developed countries. In Croatia the investment funds started developing with the appearance of the private investment funds; however, they did not, contrary to expectations, make a very significant contribution to the development of institutional investors on the capital market. The market is driven primarily by banking or financial conglomerates, which also dominate the investment fund industry. Today the Croatian investment fund market is a very enterprising and dynamic segment of the financial system and hence the establishment of adequate regulation and supervision as well as the development of the capital market must be the main determinants of its further growth and development.

Suggested Citation

  • Dijana Juric, 2005. "The outlook for the development of the investment funds in the republic of Croatia," Financial Theory and Practice, Institute of Public Finance, vol. 29(4), pages 327-340.
    • Handle: RePEc:ipf:finteo:v:29:y:2005:i:4:p:327-340
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    File URL: http://www.ijf.hr/eng/FTP/2005/4/juric.pdf
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    References listed on IDEAS

    as
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    3. Khorana, Ajay & Servaes, Henri & Tufano, Peter, 2005. "Explaining the size of the mutual fund industry around the world," Journal of Financial Economics, Elsevier, vol. 78(1), pages 145-185, October.
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    More about this item

    Keywords

    financial institutions; investment funds; development; Croatia;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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