The Global Growth of Mutual Funds
With few exceptions, mainly in Asia, mutual funds grew explosively in most countries around the world during the 1990s. Equity funds predominated in Anglo-American countries while bond funds predominated in most of Continental Europe, and in middle...
| Main Authors: | , , , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2003/05/2390969/global-growth-mutual-funds http://hdl.handle.net/10986/18182 |
| Summary: | With few exceptions, mainly in Asia,
mutual funds grew explosively in most countries around the
world during the 1990s. Equity funds predominated in
Anglo-American countries while bond funds predominated in
most of Continental Europe, and in middle-income countries.
Capital market development (reflecting investor confidence
in market integrity, liquidity, and efficiency) and
financial system orientation were the main determinants of
mutual fund growth. Restrictions on competing products acted
as a catalyst for the development of money market and
(short-term) bond funds. |
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