Are ETFs Replacing Index Mutual Funds? (AFA 2009 San Francisco Meetings Paper). <...> Retrieved from: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1108728 Maria S. Boiko, Postgraduate of the Chair of Financial Markets and Financial Engineering, The Financial University under the Government of the Russian Federation The main ways of long-term investment of Russian capital in the shares of ETFs funds ABSTRACT: The Russian financial market currently undergoes the economic stagnation stage due to the absence of both internal and external positive drivers that could increase the interest of the Russian population and western investors to the Russian financial instruments. <...> This situation calls for urgent actions aimed at the financial stability re-establishment which can be achieved through even development of all the economic sectors of the country, improvement of the population’s life quality and other measures. <...> The introduction of ETFs shares into the Moscow Exchange testifies to the presence of the demand on the external assets. <...> The author discusses the current state of the Russian polled investment market, analyzes the advantages of the exchange-traded and mutual investment funds in comparison to other types of Russia's funds. <...> In addition, the main ways of investing in foreign financial instruments through the intermediaries are presented. <...> Thereat, as intermediaries may function: Russian and foreign brokers, banks, insurance companies and mutual investment funds. <...> The reader can also get an insight into the development prospects of the exchange traded fund market in Russia. <...> KEYWORDS: investments, ETFs shares, mutual investment funds, broker, insurance companies, polled investment market!
<...> Российский финансовый рынок находится на стадии экономической стагнации в результате отсутствия внутренних и внешних положительных драйверов повышения интереса со стороны российского населения и западных инвесторов к российским финансовым инструментам. <...> Внедрение на Московскую биржу акций ETFs свидетельствует о существующем спросе на зарубежные активы. <...> В статье рассматривается текущее состояние рынка коллективных инвестиций России, проанализированы преимущества биржевых и паевых фондов по сравнению с другими типами фондов России. <...> Таким образом, можно составить представление о преимуществах и недостатках инвестиций представленными способами и о перспективах развития рынка биржевых инвестиционных фондов <...>