THE GLOBAL INVESTMENT PERFORMANCE STANDARTS
This article analyzed characteristics of the implementation in practice of companies’ asset management international standards for evaluating investment performance. The role of the Ukrainian association of investment business in introduction of the Global Investment Performance Standards in Ukraine is defined.
Despite the Ukrainian’s association of investment business law as initiator improving regulatory support in accordance to the Global Investment Performance Standards there are unresolved issues and no cooperation in this area. The author revealed the essence of the Global Investment Performance Standards, and discovered the advantages & disadvantages of their use today. The standards are divided into eight sections that reflect the main elements relating to presentation of investment.
The Global Investment Performance Standards distributed their claims only on AMC.
Asset management companies’ activity on Ukraine’s stock market started in 2001, when the Law of Ukraine «On Collective Investment Institutions (unit and corporate investment funds)». Investment companies and funds begin reorganized in assset management companies activity and corporate collective investment institutions. Because of the globalization of the investment process and the growth of assets under management, it became evident to standardized and to submited the results of investment under the Global Investment Performance Standards.
Indicated, that asset managers must follow a number of strict requirements and took into account the recommendations of the Global Investment Performance Standards for the best use of improving internal business processes. Necessary precondition for the introduction of standards were to encourage the development of the stock market by increasing stock agreements. The study found that the process of implementing the Global Investment Performance Standards – practice standards in domestic asset management company were in poor condition. Insufficient information provision process outlined promising directions for further research. It is to clarify the characteristics of the analysis of investment activity asset management companies’ in accordance with International Standards of Accounting and Reporting.
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Keywords: investment attractiveness index, investors, financial asset management, asset management companies, Ukrainian Association of Investment Business, the Global Investment Performance Standards |
CORPORATE FINANCE
Levchenko Kateryna
postgraduate Department of financial markets SHEI «Kyiv National Economic University named after Vadym Hetman»
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