Ukrainian stock market ³nvestment potential
Today, in the light of the limited bank lending in Ukraine business seeks additional sources for funding its development. That is why it is reasonable to consider what investment resources Ukrainian securities market could offer to domestic enterprises. The article studies quantitative and qualitative composition of different groups of institutional investors assets: insurance companies, investment and pension funds. Current problems in ukrainean collective investments market are retected. Solutions to solve these promlems are suggested, taking into account the Association agreement between Ukraine and the EU. The article examines private sector pension funds market, its high level on concentration with the Natioanl Bank of Ukraine pension fund domination. The pros of cummulative retirement system are mentioned with an example of state pension fund of Kazakhstan. The place of foreign capital in the securities market of Ukraine systematized. The level of presence of foreign investors in collective investments and government bond markets are estimated. The part of retail investors in domestic stock market analyzed in historical retrospective. Factors of retail investors activities in the financial market are determined. The article provides assessment of the level of financial literacy in Ukraine. The current system of personal income tax on securities transactions are analyzed.
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Keywords: stock market, institutional, foreign, individual investors, investment funds, portfolio investments. |
FINANCIAL INSTITUTIONS
Fedir Zinchenko
senior lecturer of International Finance Department
SHEI «Kyiv National Economic University named after Vadym Hetman»
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