%0 Journal Article
%T WORLD MARKET OF INVESTMENT FUNDS - DEVELOPMENTS AND TRENDS
%A FLAVIA BARNA
%A DAN-CONSTANTIN D£¿NULE£¿IU
%A PETRU-OVIDIU MURA
%J Annals of the University of Petrosani : Economics
%D 2009
%I University of Petrosani
%X Institutional investors - including mutual funds, pension funds, hedgefunds, and insurance companies - are a growing force in developed capital markets. We are in an environment in which investors, regulators and legislators have a dramatically reduced tolerance for risk. Rules and regulations can provide additional investor protections, but can also reduce market efficiency at a great cost to borrowers and investors alike. Finding the right balance is the challenge, and is one that necessitates a wide-ranging discussion of proposals on the table. Our role as economists and researchers is to engage in this discussion on behalf of funds and their investors.
%K mutual funds
%K emerging markets
%K crisis impact
%K asset volume
%K development factors
%U http://www.upet.ro/en/annals/pdf/annals-2009-part3.pdf