The Role of Mature Market Mutual Funds in Emerging Markets : Myth or Mayhem? /

The expansion of the global mutual funds industry has been characterized by growth in mature as well as emerging markets. This has clearly contributed to the development of local securities markets in emerging market economies, which in turn, has been key in attracting investment inflows from overse...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Sy, Amadou
Awduron Eraill: Ong, Li
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2004.
Cyfres:IMF Working Papers; Working Paper ; No. 2004/133
Mynediad Ar-lein:Full text available on IMF
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100 1 |a Sy, Amadou. 
245 1 4 |a The Role of Mature Market Mutual Funds in Emerging Markets :   |b Myth or Mayhem? /  |c Amadou Sy, Li Ong. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2004. 
300 |a 1 online resource (24 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The expansion of the global mutual funds industry has been characterized by growth in mature as well as emerging markets. This has clearly contributed to the development of local securities markets in emerging market economies, which in turn, has been key in attracting investment inflows from overseas funds. A major concern, however, is that large foreign investors could significantly disrupt the stability of local capital markets in the event of a market shock, with systemic implications for the real economy. Our estimates suggest that while local investors remain the more important group in terms of market share, the influence of foreign funds cannot be discounted. Asset allocation decisions by mature market funds- both dedicated and crossover-in aggregate, could affect emerging markets. In particular, European mutual funds appear to play a much bigger role in emerging markets than their U.S. counterparts. 
538 |a Mode of access: Internet 
700 1 |a Ong, Li. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2004/133 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2004/133/001.2004.issue-133-en.xml  |z IMF e-Library