INVESTMENT FUNDS INDUSTRY IN ROMANIA
Capital market offers those who study it and those who use it as traders or as investors, a feature similar to a paradox. Her specific routine operations are regulated to the level of detail bylaws, instructions, procedures or measures layouts while decisions on investments in securities and portfol...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University
2013-11-01
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| Series: | Global Economic Observer |
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| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_1_no_2/geo_2013_vol1_no2_art_010.pdf |
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| _version_ | 1849769928984363008 |
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| author | Adela Ionescu |
| author_facet | Adela Ionescu |
| author_sort | Adela Ionescu |
| collection | DOAJ |
| description | Capital market offers those who study it and those who use it as traders or as investors, a feature similar to a paradox. Her specific routine operations are regulated to the level of detail bylaws, instructions, procedures or measures layouts while decisions on investments in securities and portfolio restructuring are taken under perpetual uncertainty. This has a twofold explanation, an objective one and a subjective one.Future prices, as well as successive conditions of stock exchange not necessarily flow from the past, thus one cannot predict their level and over them is hanging the conviction that any selected alternative action is probably the best without having any certainty that that is really correct and rational in an absolute mode.Even if the evaluation of factors influencing prices is a questionable one, there is the likelihood of good choices when doing a basic operation-selling or buying. Factors identified, evaluated and ranked may change in the next period their force of action or even the market structure so that exchange activity is at least difficult to determine.In this category is included the mutual fund industry, whose evolution in Romania was not without risk and has had a tortuous circuit thanks to immature capital markets and market actors but especially due to the permissive legislation during the start phase. A certain progress was recorded in the last 10 years,although the financial crisis made its mark on the capital market and revealed the negative impact of systemic risks. |
| format | Article |
| id | doaj-art-bdc160d8eed24ad8894f6d5d9a1c2b0c |
| institution | DOAJ |
| issn | 2343-9742 2343-9750 |
| language | English |
| publishDate | 2013-11-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj-art-bdc160d8eed24ad8894f6d5d9a1c2b0c2025-08-20T03:03:12ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502013-11-01129096INVESTMENT FUNDS INDUSTRY IN ROMANIAAdela IonescuCapital market offers those who study it and those who use it as traders or as investors, a feature similar to a paradox. Her specific routine operations are regulated to the level of detail bylaws, instructions, procedures or measures layouts while decisions on investments in securities and portfolio restructuring are taken under perpetual uncertainty. This has a twofold explanation, an objective one and a subjective one.Future prices, as well as successive conditions of stock exchange not necessarily flow from the past, thus one cannot predict their level and over them is hanging the conviction that any selected alternative action is probably the best without having any certainty that that is really correct and rational in an absolute mode.Even if the evaluation of factors influencing prices is a questionable one, there is the likelihood of good choices when doing a basic operation-selling or buying. Factors identified, evaluated and ranked may change in the next period their force of action or even the market structure so that exchange activity is at least difficult to determine.In this category is included the mutual fund industry, whose evolution in Romania was not without risk and has had a tortuous circuit thanks to immature capital markets and market actors but especially due to the permissive legislation during the start phase. A certain progress was recorded in the last 10 years,although the financial crisis made its mark on the capital market and revealed the negative impact of systemic risks.http://www.globeco.ro/wp-content/uploads/vol/split/vol_1_no_2/geo_2013_vol1_no2_art_010.pdfmutual fundmarket risknet asset valuemarket valuescapital gainssecuritiesportofolio |
| spellingShingle | Adela Ionescu INVESTMENT FUNDS INDUSTRY IN ROMANIA Global Economic Observer mutual fund market risk net asset value market values capital gains securities portofolio |
| title | INVESTMENT FUNDS INDUSTRY IN ROMANIA |
| title_full | INVESTMENT FUNDS INDUSTRY IN ROMANIA |
| title_fullStr | INVESTMENT FUNDS INDUSTRY IN ROMANIA |
| title_full_unstemmed | INVESTMENT FUNDS INDUSTRY IN ROMANIA |
| title_short | INVESTMENT FUNDS INDUSTRY IN ROMANIA |
| title_sort | investment funds industry in romania |
| topic | mutual fund market risk net asset value market values capital gains securities portofolio |
| url | http://www.globeco.ro/wp-content/uploads/vol/split/vol_1_no_2/geo_2013_vol1_no2_art_010.pdf |
| work_keys_str_mv | AT adelaionescu investmentfundsindustryinromania |