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...

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Main Authors:	Fernando, Deepthi, Klapper, Leora, Sulla, Victor, Vittas, Dimitri
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	GLOBAL ENVIRONMENT MUTUAL FUND RATING EQUITY FUNDS BOND OPTIONS MIDDLE-INCOME ECONOMIES CAPITAL MARKET INVESTOR CONFIDENCE MARKET INTEGRATION FINANCIAL SYSTEMS COMPETITIVENESS MONEY MARKET FUNDS ACCOUNTING ASSET MANAGEMENT ASSETS BANK DEPOSITS BANKING SYSTEMS BANKS BOND MARKETS BONDS CAPACITY BUILDING CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CHECKING ACCOUNTS COMMERCIAL BANKS CONTRACTUAL SAVINGS CORPORATE GOVERNANCE DEMAND FOR MONEY DEPOSIT ACCOUNTS DERIVATIVE MARKETS ELASTICITY EQUITY MARKETS EQUITY RETURNS EXPORTS FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL REGULATION GDP GLOBALIZATION GOVERNMENT BONDS GROWTH RATE INCOME INCOME ELASTICITY OF DEMAND INFLATION INFORMATION DISCLOSURE INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRIES INTEREST RATE INTEREST RATES INVESTMENT COMPANY INVESTMENT DECISIONS LARGE SHAREHOLDERS LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDITY LONG-TERM FUNDS MACROECONOMIC PERFORMANCE MONEY MARKET FUNDS MUTUAL FUND MUTUAL FUNDS NATIONAL INCOME PENSION FUNDS PENSION PLANS PENSIONS PER CAPITA INCOME PORTFOLIO DIVERSIFICATION PORTFOLIOS REGULATORY FRAMEWORK SAVINGS SAVINGS DEPOSITS SECURITIES SECURITIES MARKETS TAX REASONS TRANSPARENCY TRUSTS VALUATION WEALTH ACCOUNTING
Online Access:	http://documents.worldbank.org/curated/en/2003/05/2390969/global-growth-mutual-funds http://hdl.handle.net/10986/18182

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recordtype	oai_dc
spelling	okr-10986-181822021-04-23T14:03:41Z The Global Growth of Mutual Funds Fernando, Deepthi Klapper, Leora Sulla, Victor Vittas, Dimitri GLOBAL ENVIRONMENT MUTUAL FUND RATING EQUITY FUNDS BOND OPTIONS MIDDLE-INCOME ECONOMIES CAPITAL MARKET INVESTOR CONFIDENCE MARKET INTEGRATION FINANCIAL SYSTEMS COMPETITIVENESS MONEY MARKET FUNDS ACCOUNTING ASSET MANAGEMENT ASSETS BANK DEPOSITS BANKING SYSTEMS BANKS BOND MARKETS BONDS CAPACITY BUILDING CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CHECKING ACCOUNTS COMMERCIAL BANKS CONTRACTUAL SAVINGS CORPORATE GOVERNANCE DEMAND FOR MONEY DEPOSIT ACCOUNTS DERIVATIVE MARKETS ELASTICITY EQUITY MARKETS EQUITY RETURNS EXPORTS FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL REGULATION GDP GLOBALIZATION GOVERNMENT BONDS GROWTH RATE INCOME INCOME ELASTICITY OF DEMAND INFLATION INFORMATION DISCLOSURE INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRIES INTEREST RATE INTEREST RATES INVESTMENT COMPANY INVESTMENT DECISIONS LARGE SHAREHOLDERS LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDITY LONG-TERM FUNDS MACROECONOMIC PERFORMANCE MONEY MARKET FUNDS MUTUAL FUND MUTUAL FUNDS NATIONAL INCOME PENSION FUNDS PENSION PLANS PENSIONS PER CAPITA INCOME PORTFOLIO DIVERSIFICATION PORTFOLIOS REGULATORY FRAMEWORK SAVINGS SAVINGS DEPOSITS SECURITIES SECURITIES MARKETS TAX REASONS TRANSPARENCY TRUSTS VALUATION WEALTH MONEY MARKET FUNDS ACCOUNTING 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. 2014-05-05T20:56:20Z 2014-05-05T20:56:20Z 2003-05 http://documents.worldbank.org/curated/en/2003/05/2390969/global-growth-mutual-funds http://hdl.handle.net/10986/18182 English en_US Policy Research Working Paper;No. 3055 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	GLOBAL ENVIRONMENT MUTUAL FUND RATING EQUITY FUNDS BOND OPTIONS MIDDLE-INCOME ECONOMIES CAPITAL MARKET INVESTOR CONFIDENCE MARKET INTEGRATION FINANCIAL SYSTEMS COMPETITIVENESS MONEY MARKET FUNDS ACCOUNTING ASSET MANAGEMENT ASSETS BANK DEPOSITS BANKING SYSTEMS BANKS BOND MARKETS BONDS CAPACITY BUILDING CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CHECKING ACCOUNTS COMMERCIAL BANKS CONTRACTUAL SAVINGS CORPORATE GOVERNANCE DEMAND FOR MONEY DEPOSIT ACCOUNTS DERIVATIVE MARKETS ELASTICITY EQUITY MARKETS EQUITY RETURNS EXPORTS FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL REGULATION GDP GLOBALIZATION GOVERNMENT BONDS GROWTH RATE INCOME INCOME ELASTICITY OF DEMAND INFLATION INFORMATION DISCLOSURE INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRIES INTEREST RATE INTEREST RATES INVESTMENT COMPANY INVESTMENT DECISIONS LARGE SHAREHOLDERS LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDITY LONG-TERM FUNDS MACROECONOMIC PERFORMANCE MONEY MARKET FUNDS MUTUAL FUND MUTUAL FUNDS NATIONAL INCOME PENSION FUNDS PENSION PLANS PENSIONS PER CAPITA INCOME PORTFOLIO DIVERSIFICATION PORTFOLIOS REGULATORY FRAMEWORK SAVINGS SAVINGS DEPOSITS SECURITIES SECURITIES MARKETS TAX REASONS TRANSPARENCY TRUSTS VALUATION WEALTH MONEY MARKET FUNDS ACCOUNTING
spellingShingle	GLOBAL ENVIRONMENT MUTUAL FUND RATING EQUITY FUNDS BOND OPTIONS MIDDLE-INCOME ECONOMIES CAPITAL MARKET INVESTOR CONFIDENCE MARKET INTEGRATION FINANCIAL SYSTEMS COMPETITIVENESS MONEY MARKET FUNDS ACCOUNTING ASSET MANAGEMENT ASSETS BANK DEPOSITS BANKING SYSTEMS BANKS BOND MARKETS BONDS CAPACITY BUILDING CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CHECKING ACCOUNTS COMMERCIAL BANKS CONTRACTUAL SAVINGS CORPORATE GOVERNANCE DEMAND FOR MONEY DEPOSIT ACCOUNTS DERIVATIVE MARKETS ELASTICITY EQUITY MARKETS EQUITY RETURNS EXPORTS FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL REGULATION GDP GLOBALIZATION GOVERNMENT BONDS GROWTH RATE INCOME INCOME ELASTICITY OF DEMAND INFLATION INFORMATION DISCLOSURE INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRIES INTEREST RATE INTEREST RATES INVESTMENT COMPANY INVESTMENT DECISIONS LARGE SHAREHOLDERS LIFE INSURANCE LIFE INSURANCE COMPANIES LIQUIDITY LONG-TERM FUNDS MACROECONOMIC PERFORMANCE MONEY MARKET FUNDS MUTUAL FUND MUTUAL FUNDS NATIONAL INCOME PENSION FUNDS PENSION PLANS PENSIONS PER CAPITA INCOME PORTFOLIO DIVERSIFICATION PORTFOLIOS REGULATORY FRAMEWORK SAVINGS SAVINGS DEPOSITS SECURITIES SECURITIES MARKETS TAX REASONS TRANSPARENCY TRUSTS VALUATION WEALTH MONEY MARKET FUNDS ACCOUNTING Fernando, Deepthi Klapper, Leora Sulla, Victor Vittas, Dimitri The Global Growth of Mutual Funds
relation	Policy Research Working Paper;No. 3055
description	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.
format	Publications & Research :: Policy Research Working Paper
author	Fernando, Deepthi Klapper, Leora Sulla, Victor Vittas, Dimitri
author_facet	Fernando, Deepthi Klapper, Leora Sulla, Victor Vittas, Dimitri
author_sort	Fernando, Deepthi
title	The Global Growth of Mutual Funds
title_short	The Global Growth of Mutual Funds
title_full	The Global Growth of Mutual Funds
title_fullStr	The Global Growth of Mutual Funds
title_full_unstemmed	The Global Growth of Mutual Funds
title_sort	global growth of mutual funds
publisher	World Bank, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2003/05/2390969/global-growth-mutual-funds http://hdl.handle.net/10986/18182
_version_	1764439099706441728

The Global Growth of Mutual Funds

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