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...
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INFORMATION
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2003/05/31
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Document de travail de recherche sur les politiques
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WPS3055
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1
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1
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2010/07/01
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The global growth of mutual funds
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mutual fund