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Contribution of the Investment Funds Industry to Development Performances of the Republic of Serbia

Author

Listed:
  • Miljan Lekovic

    (University of Kragujevac, Serbia)

  • Dragana Gnjatovic

    (University of Kragujevac, Serbia)

Abstract

The level of economic development of the country is a key determinant of the achieved level of development of the respective investment fund sector. The tendency of the development of the investment fund industry in the world frames the need to examine its significance for the economies of individual countries. In this regard, the paper examines the achieved level of development of the Serbian investment fund industry and the contribution of this sector to the development performances of the Republic of Serbia. On the basis of the conducted analysis, it becomes clear that the Republic of Serbia significantly lags behind the countries in the region with regard to the development of the investment funds sector and that the modest economic strength of the Serbian investment funds implies a modest contribution of these institutional investments to economic development and growth of the country.

Suggested Citation

  • Miljan Lekovic & Dragana Gnjatovic, 2018. "Contribution of the Investment Funds Industry to Development Performances of the Republic of Serbia," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 197-212, June.
    • Handle: RePEc:nwe:eajour:y:2018:i:2:p:197-212
    as

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    References listed on IDEAS

    as
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    4. Dariusz Filip, 2017. "Mutual Funds: Does the Performance Erosion Effect Exist? Evidence from the Czech Republic, Hungary and Poland," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 67(6), pages 512-538, October.
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    More about this item

    Keywords

    investment funds; investment diversification; development performances; Republic of Serbia;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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