Analysis of the Quality of Collective Investment Management from the Perspective of a Private Investor

The presented master's thesis analyzes the factors that influence the quality of management of collective investment funds from the perspective of a private investor. The purpose of this study is to identify methods for assessing the quality of collective investment management in the stock market. During the study, the author has considered the analysis of the theoretical foundations of portfolio investment, which examines the essence of the investment portfolio, the stages of its formation and the strategy of portfolio management. In addition, this part of the work touches upon the basis of collective investment, which analyzes the types of collective investment, examines in detail mutual funds (mutual Funds) and non-state pension funds (NPF). Also, considering the quality of collective investment management, the factors that evaluate the activities of management companies, and the problems of the collective investment market. By passing the theoretical foundations, the study includes an empirical analysis, which analyzes the management indicators in the Russian stock market, as well as the assessment of the quality of this control using statistical and econometric methods of analysis. In the practical part of the work, the influence of independent variables on the studied indicator is revealed, which can be the basis for a private investor when choosing funds for investment. The work performed is of practical importance, as the study of the importance of understanding on what indicators of the Fund should be paid attention to the primary, is an essential task in the selection of the Fund for investment for small investors. In addition, the study was conducted on real data of investment sites of the national League of Managers and InvestFunds and includes 15,000 observations on stocks and bonds. A sufficient number of observations allows to represent the results of the empirical analysis.