Authors : Irina Sergeeva, Mansoor Maitah, Lubos Smutka, Vera Nikiforova and V. Vasilyonok
Abstract: Investment funds serve as a most effective tool to attract investments and to support stable growth of national economies. The transition of Russian market from the speculative to the investment stage can be accomplished through accelerated development of the mutual investment sector. This study provides a brief review of trends in the development of Mutual Investment Funds (MIF) in Russia during the last 5 years and substantiates the sustainable usage of the point rating system for the performance appraisal of a management company focused on structural transitions in the field of financial intermediation. The main aim of the study is to appraise the performance of investment funds and their managerial system by means of point rating methods. The global financial crisis affected Russia’s collective investment system, revealing such problems as low quality risk management and lack of information transparency. Simulation study of the overall index based on point rating approach to determine the trends in the development of the system of MIF management in Russia is topical for its performance appraisal. This economic tool appears to be helpful in disclosing and assessing structural changes in the field of trust management in terms of types, styles and other spheres of mediation.
Irina Sergeeva, Mansoor Maitah, Lubos Smutka, Vera Nikiforova and V. Vasilyonok, 2015. The Development of Mutual Funds in Russia. International Business Management, 9: 1257-1262.