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European Market of Index Investment Funds and Determinants of Its Development
Abstract
Index investment funds are funds which passively manage investment portfolio and their goal is replicating a performance of specified financial index. There are more than 800 index funds in Europe nowadays, whose assets amount to over 370 billion euros. Although they still represent a relatively small part of the European investment fund market, their importance on the pan-European scale is growing steadily. The main determinants of this development are competitive investment performance and considerably lower expense ratios compared with actively managed investment funds.
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DOI: http://dx.doi.org/10.17951/h.2016.50.4.325
Date of publication: 2017-02-20 17:31:15
Date of submission: 2016-05-31 22:08:35
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