• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Efficiency Activities of Mutual Funds and ETFs

Student: Aleksey Kesov

Supervisor: Nikolay I. Berzon

Faculty: Faculty of Economic Sciences

Educational Programme: Financial Engineering (Master)

Year of Graduation: 2020

Currently, the development of financial markets has opened new instruments for investing capital, so it is difficult for an investor to understand its diversity. One of the easiest ways to deposit money is to deposit with a credit institution. But, in addition, there are other tools for investing money. One of these investment tools are mutual funds and ETFs. Open-end mutual funds, and subsequently ETF exchange funds, are the financial instrument of individual investors in the USA, which are used for pension savings. The development of the collective investment industry in Russia, which began in the first half of the 90s of the last century, is still in its infancy, as evidenced by indicators of the number of investors, assets of mutual funds and other parameters. The outbreak of the financial crisis exacerbated the problem of mutual funds. In addition, in recent years, exchange-traded funds (ETFs) have begun to actively develop. In this regard, the work devoted to a comparative analysis of the activities of mutual investment funds and ETFs is very relevant.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses