Title Investicijska struktura otvorenih investicijskih fondova u Republici Hrvatskoj
Title (english) Investment structure of open-end investment funds in Croatia
Author Marko Spasojević
Mentor Manuel Benazić (mentor)
Committee member Ines Kersan-Škabić (predsjednik povjerenstva)
Committee member Manuel Benazić (član povjerenstva)
Committee member Dean Učkar (član povjerenstva)
Granter University of Pula (Faculty of economics and tourism "Dr. Mijo Mirković") Pula
Defense date and country 2018-06-04, Croatia
Scientific / art field, discipline and subdiscipline SOCIAL SCIENCES Economics Finance
Abstract Prvi investicijski fond pojavio se u Nizozemskoj i zvao se Jedinstvo stvara snagu. Investicijski fondovi su financijske institucije koje prikupljaju novčana sredstva tako da izdaju udjele (otvoreni) ili dionice (zatvoreni fondovi) uz uvažavanje načela sigurnosti, profitabilnosti, likvidnosti i diverzifikacije rizika. Njima upravljaju fond manageri koji prikupljena sredstva investitora plasiraju u različite vrijednosnice te tako stvaraju diverzificirani portfelj. Otvoreni fond nudi investitorima pravo reotkupa udjela po njihovoj približnoj neto vrijednosti u bilo koje vrijeme te neprekidno nudi nove udjele na prodaju. Kod zatvorenih fondova investitori umjesto udjela dobivaju dionice. Zatvoreni fond ne reotkupljuje te dionice već se one prodaju preko burze. Fondovi najčešće naplaćuju ulaznu naknadu, izlaznu naknadu, naknadu depozitaru i naknadu fond manageru. Fondovi su dužni izračunavati neto vrijednost imovine.
U lipnju 2017. godine u RH su postojala 93 UCITS i 39 alternativnih fondova. Neto imovina UCITS fondova je iznosila 18 milijardi kuna, a alternativnih fondova 3,5 milijarde kuna. UCITS fondovi su 2017. godine najviše ulagali u domaće državne obveznice, instrumente tržišta novca i depozite. Iste godine su dionički fondovi najviše uložili u domaće i strane dionice. Mješoviti fondovi su najviše ulagali u domaće državne obveznice, inozemne dionice te inozemne UCITS fondove i OIF sa javnom ponudom. Obveznički fondovi su najviše uložili u domaće državne obveznice i instrumente tržišta novca. Novčani fondovi su najviše ulagali u domaće instrumente tržišta novca, depozite i državne obveznice. Ostali UCITS fondovi su najviše uložili u domaće državne obveznice te inozemne UCITS fondove i OIF sa javnom ponudom. Fizičke osobe predstavljaju najdominantniju kategoriju udjelničara kako po broju investitora tako i po neto imovini. U UCITS fondove većinom ulažu domaći investitori.
Abstract (english) The first investment fund appeared in Netherland and was called Unity creates strength. Investment funds are financial institutions that collect funds by issuing shares (open) or stocks (closed-end funds) respecting the principles of safety, profitability, liquidity and diversification of risk. They are managed by fund managers who raise the investor's funds into different securities and thus create a diversified portfolio. Open-end fund offers investors the right to repurchase shares at their approximate net worth at any time and continually offers new shares for sale. By closed-end funds investors instead of shares receive stocks. The closed-end fund does not repurchase these shares but they are sold through the stock market. Funds most often charge an entry fee, an exit fee, a depository fee and a fund manager fee. The funds are obliged to calculate the net asset value.
In June 2017. there were 93 UCITS and 39 alternative funds in the Republic of Croatia. Net assets of UCITS funds amounted to 18 billion and alternative funds of 3.5 billion kuna. In 2017., UCITS funds invested mostly in domestic government bonds, money market instruments and deposits. In the same year, equity funds invested mostly in domestic and foreign shares. Balanced funds invested mostly in domestic government bonds, foreign shares and foreign UCITS and open-end investment funds with public offering. Bond funds mostly invested in domestic government bonds and money market instruments. Money funds mostly invested in domestic money market instruments, deposits and government bonds. Other UCITS funds mostly invested in domestic government bonds and foreign UCITS and open-end investment funds with public offering. Physical persons represent the most dominant unit holders category, both by the number of investors and by their net assets. In UCITS funds mostly invests domestic investors.
Keywords
otvoreni investicijski fondovi
zatvoreni investicijski fondovi
investicijski stilovi
UCITS fondovi
alternativni investicijski fondovi
Keywords (english)
open-end investment funds
closed-end investment funds
investment styles
UCITS funds
alternative investment funds
Language croatian
URN:NBN urn:nbn:hr:137:858934
Study programme Title: Business Economics; specializations in: Financial Management, Marketing Management, Management and Entrepreneurship, Tourism and Development, Business Informatics Course: Financial Management Study programme type: university Study level: graduate Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
Type of resource Text
File origin Born digital
Access conditions Open access
Terms of use
Created on 2018-10-24 09:39:53