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2004, vol. 9, iss. 4, pp. 71-77
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Institutional investors' emergence, development and management related specific features
Karakteristike u nastajanju, razvoju i upravljanju institucionalnim investitorima
University 'Braća Karić', Faculty of Trade and Banking 'Janićije i Danica Karić', Belgrade, Serbia
Abstract
Up to now research has shown that institutional investors (insurance companies, pension funds and investment funds) by the volume of their transacting business create keys for trading with financial instruments in highly developed financial markets. Their specific characteristics influence the mobilization of savings, mainly because the assets of institutional investors are more solvent than credit assets of credit institutions. Their importance for transitional economies is relevant, too. Speaking about Serbia, the development of this institution is still to be carried out. The products of economic reform in our country are: banking system reform national currency trust, pension insurance reform and making stronger market mechanism, but they are still insufficient.
Sažetak
Dosadašnja iskustva pokazuju da institucionalni investitori (osiguravajuće kompanije, penzioni fondovi i investicioni fondovi) obimom poslovanja kreiraju obrasce trgovine finansijskim instrumentima na zrelim finansijskim tržištima. Osobenosti institucionalnih investitora odlučujuće utiču na mobilizaciju štednje stanovništva; prevashodno iz razloga što je aktiva institucionalnih investitora likvidnija u odnosu na kreditne aktive kreditnih institucija. Značaj institucionalnih investitora za zemlje u tranziciji je takodje od velikog značaja. Govoreći međutim o slučaju Srbije razvoj ovih subjekata je korak koji je još uvek u budućnosti. lako su ekonomske reforme dovele do reforme bankarskog sistema, poverenja u nacionalnu valutu, reforme penzionog osiguranja i jačanja tržišnih mehanizama, to je ipak nedovoljno.
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References
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