Investment funds are young and efficient non-bank institutions in developed financial markets. These institutions are direct intermediaries between the holders of free financial resources on one hand and the economy i.e. companies as beneficiaries and claimants of free capital on the other. They...

Investment funds are quite typical representatives of the group of young and efficient financial intermediaries on the money market. These financial institutions have been created as a result of the rapid development of stock markets in industrialized countries. As a matter of facts, in these...