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Institute of Public Finance

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The outlook for the development of the investment funds in the republic of Croatia

Dijana Jurić, Saipem Mediteran Usluge d.o.o., Rijeka, Croatia

During the nineties, investment funds recorded rapid development in most developed countries and became important agents on the financial markets. In the developing and transitional countries the investment funds industry, although it too has recorded accelerated rates of growth, is still essential lagging behind that of the developed countries. In Croatia the investment funds started developing with the appearance of the private investment funds; however, they did not, contrary to expectations, make a very significant contribution to the development of institutional investors on the capital market. The market is driven primarily by banking or financial conglomerates, which also dominate the investment fund industry. Today the Croatian investment fund market is a very enterprising and dynamic segment of the financial system and hence the establishment of adequate regulation and supervision as well as the development of the capital market must be the main determinants of its further growth and development.

Keywords:  financial institutions, investment funds, development, Croatia

Year:  2005   |   Volume:  29   |   Issue:  4   |   Pages:  327 - 340

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 March, 2005
IV / 2005
EBSCO Publishing
ISSN 1846-887X
e-ISSN 1845-9757
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