Institutional characteristics of the collective schemes for investments in securities Cover Image

Институционални характеристики на колективните схеми за инвестиции в ценни книжа
Institutional characteristics of the collective schemes for investments in securities

Author(s): Krasimir Georgiev
Subject(s): Economy
Published by: Стопанска академия »Д. А. Ценов«

Summary/Abstract: The main aim of the article is to take out the institutional characteristics of the funds for collective investing in securities. The main reason for defining and examining them is the im­ossibility for full chara­terization of the collective investment schemes only and solely based on their historic development and evolution. The research outlines four main institutional characteristics of the collective investment schemes: a presence of economic resources trusting on behalf of a certain circle of economic subjects and their management from another economic subject in their favor; dual nature with regard to the basic forms of legal organizing; a possibility for the governed collective capital to have a fixed or variable quantity in time; a diversity depending on the proposed correlation “profitability – risk”.

  • Issue Year: 19/2009
  • Issue No: 2
  • Page Range: 76-87
  • Page Count: 12
  • Language: Bulgarian