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Item Details
Title: INSTITUTIONAL INVESTORS
By: E. Philip Davis, Benn Steil
Format: Paperback

List price: £7.99
Our price: £5.99
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ISBN 10: 0262541750
ISBN 13: 9780262541756
Availability: Usually dispatched within 1-3 weeks.
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Publisher: MIT PRESS LTD
Pub. date: 30 January, 2004
Series: Institutional Investors
Pages: 560
Description: A comprehensive economic assessment of the implications of increasing institutionalized saving for the securities trading industry, the financial sector, and the economy as a whole.
Synopsis: One of the most important recent developments in financial markets is the institutionalization of saving associated with the growth of pension funds, life insurance companies, and mutual funds. An increasing proportion of household saving is now managed by professional portfolio managers instead of being directly invested in the securities markets or held in the form of bank deposits. With the aging of the population and its adverse impact on public pension systems, the shift of individual savings to institutional investors is likely to become even more marked in the coming years.This book provides a comprehensive economic assessment of institutional investment. It charts the development and performance of the asset management industry and analyzes the implications of rising institutionalized saving for the development of the securities trading industry, the financial sector as a whole, and the wider economy. The book draws extensively on international experience, particularly in the United States, Western Europe, and Japan.
Publication: US
Imprint: MIT Press
Returns: Returnable
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