• A
  • A
  • A
  • АБВ
  • АБВ
  • АБВ
  • A
  • A
  • A
  • A
  • A
Обычная версия сайта
  • RU
  • EN
  • HSE University
  • Publications
  • Book chapter
  • The Determinants of Mutual Funds Performance in Russia
  • RU
  • EN
Расширенный поиск
Высшая школа экономики
Национальный исследовательский университет
Priority areas
  • business informatics
  • economics
  • engineering science
  • humanitarian
  • IT and mathematics
  • law
  • management
  • mathematics
  • sociology
  • state and public administration
by year
  • 2027
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
  • 2001
  • 2000
  • 1999
  • 1998
  • 1997
  • 1996
  • 1995
  • 1994
  • 1993
  • 1992
  • 1991
  • 1990
  • 1989
  • 1988
  • 1987
  • 1986
  • 1985
  • 1984
  • 1983
  • 1982
  • 1981
  • 1980
  • 1979
  • 1978
  • 1977
  • 1976
  • 1975
  • 1974
  • 1973
  • 1972
  • 1971
  • 1970
  • 1969
  • 1968
  • 1967
  • 1966
  • 1965
  • 1964
  • 1963
  • 1958
  • More
Subject
News
May 18, 2026
The 'Second Shift' Is Not Why Women Avoid News
Women are more likely than men to avoid political and economic news, but the reasons for this behaviour are linked less to structural inequality or family-related stress than to personal attitudes and the emotional perception of news content. This conclusion was reached by HSE researchers after analysing data from a large-scale survey of more than 10,000 residents across 61 regions of Russia. The study findings have been published in Woman in Russian Society.
May 15, 2026
Preserving Rationality in a Period of Turbulence
The HSE International Laboratory for Logic, Linguistics and Formal Philosophy studies logic and rationality in a transformed world characterised by a diversity of logical systems and rational agents. The laboratory supports and develops academic ties with Russian and international partners. The HSE News Service spoke with the head of the laboratory, Prof. Elena Dragalina-Chernaya, about its work.
May 15, 2026
‘All My Time Is Devoted to My Dissertation
Ilya Venediktov graduated from the Master’s programme at the HSE Tikhonov Moscow Institute of Electronics and Mathematics through the combined Master’s–PhD track and is currently studying at the HSE Doctoral School of Engineering Sciences. At present, he is undertaking a long-term research internship at the University of Science and Technology of China in Hefei, where he is preparing his dissertation. In this interview, he explains how an internship differs from an academic mobility programme, discusses his research topic, and describes the daily life of a Russian doctoral student in China.

 

Have you spotted a typo?
Highlight it, click Ctrl+Enter and send us a message. Thank you for your help!

Publications
  • Books
  • Articles
  • Chapters of books
  • Working papers
  • Report a publication
  • Research at HSE

?

The Determinants of Mutual Funds Performance in Russia

P. 412–423.
Abramov A., Akshentceva K.

In our research we have made an attempt to partially make up for lack of knowledge about the economy of mutual funds in Russia. Based on financial reports of mutual funds we composed the sample of different characteristics of 709 open and interval unit investment funds for a period 2007-2013. The sample consists of 344 equity, index and commodity market funds, and 365 hybrid, bonds, money market mutual funds and funds of funds. In a given set of 709 mutual funds, 467 mutual funds carried out at the beginning of 2013, 242 funds were eliminated at different times. In the sequel, from the sample was excluded 174 mutual funds with incomplete information, but the remaining sample of funds has remained fairly representative for the econometric studies.

Language: English
Keywords: mutual funds

In book

XV Апрельская международная научная конференция по проблемам развития экономики и общества: в 4-х книгах
XV Апрельская международная научная конференция по проблемам развития экономики и общества: в 4-х книгах
Кн. 1. , М.: Издательский дом НИУ ВШЭ, 2015.
Similar publications
Экономика инвестиционных фондов
Abramov A., Радыгин А. Д., Чернова М. И. et al., М.: ИД "Дело", 2015.
В книге раскрывается роль, которую инвестиционные фонды играют в экономике и финансах домашних хозяйств. На базе уникальной базы данных о 754 российских паевых инвестиционных фондах (ПИФах) авторами проведен анализ экономики отрасли коллективных инвестиций в 1997–2013 гг. В отдельный раздел вошло исследование факторов, влияющих на избыточную доходность ПИФов в России, результативность продаж инвестиционных паев и размеры ...
Added: August 22, 2017
Инвестиционный рынок России: новый виток развития, особенности и проблемы
Volodin S., Шамина Ю. В., Валютное регулирование. Валютный контроль 2017 № 5 С. 42–53
The sector of collective investment plays an important role in attracting private savings for most countries. In Russia mutual funds have started their elaboration 20 years ago and it is already possible to evaluate the general tendency of this segment’s development. The analysis, conducted by the authors, shows that this field has serious problems, because ...
Added: May 22, 2017
Основные способы долгосрочного вложения российского капитала в акции фондов ETFs
Бойко М. С., Российское предпринимательство 2015 Т. 16 № 18 С. 3029–3040
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. Сложившаяся ситуация требует экстренных мер по восстановлению финансовой стабильности, которая может быть достигнута путем развития всех секторов экономики страны, повышения уровня жизни населения и другими способами. ...
Added: September 20, 2016
Особенности инвестирования в паи биржевых инвестиционных фондов
Бойко М. С., Российское предпринимательство 2014 № 19 (265) С. 103–112
In the present work particularities of investing in ETFs in comparison with investing in shares of mutual investment funds are revealed, the dynamics of the equity markets and the market of exchange trading funds is analyzed; advantages of exchange trading funds against mutual funds are presented. The analysis and comparison are made within US, Russian ...
Added: September 20, 2016
Российский рынок коллективных инвестиций: основные тенденции и проблемы
Volodin S., Кузнецова М. С., Аудит и финансовый анализ 2016 № 4 С. 294–300
The article is devoted to analysis of specifics of development of Russian collective investments market and to provide investment opportunities for shareholders. Considering the observed trends, the authors identified the main problems inherent to this market segment. Their solution can certainly help to overcome the crisis state that emerged after the market downturn in 2008. ...
Added: September 13, 2016
Russian market of collective investments analysis
Volodin S., Kuznetcova M., , in: Risk management: perspectives and open issues.: L.: McGraw-Hill Education, 2016. Ch. 1 P. 323–343.
The article describes proposed by the authors methodology of analysis of the Russian mutual funds. The aim of this methodology is to find out how attractive they are to investors and if they are able to provide the possibility of obtaining higher returns with less risk than the market in general. The study determines what ...
Added: May 18, 2016
Сравнение активно и пассивно управляемых инвестиционных фондов
Volodin S., Кузнецова М. С., Корпоративные финансы 2015 № 4(36) С. 88–102
The article analyzes the Russian market of collective investments aimed at determining what type of fund management - active or passive is the most attractive for investors. In addition, the findings have been obtained about the stability of the results of management of mutual funds over time and shown how appropriate is the use of ...
Added: January 1, 2016
Институциональные инвесторы в мире: особенности деятельности и политика развития: в 2 кн.
Abramov A., Издательский дом «Дело» РАНХиГС, 2014.
The work contains diagnosing оf the problems in the Russian domestic savings; detailed analysis of 27 foreign pension systems in the world and instruments of development policy in collective investments in the United States, the European Union and the BRICS countries; quantitative study of factors affecting the level of development of pension funds and collective ...
Added: April 15, 2014
Развитие взаимных фондов в России
Abramov A., Акшенцева К. С., Экономическая политика 2014 № 1 С. 35–53
This research ia an attempt to partially make up for the lack of knowledge about the economy of mutual funds in Russia and estimate their perfomance based on unique data-set of 709 mutual funds in Russia. ...
Added: March 25, 2014
Использование многофакторных моделей для оценки эффективности паевых инвестиционных фондов
Aistov A., Kuzmichev K., Финансовая аналитика: проблемы и решения 2012 № 47(137) С. 15–23
Авторы показывают, в какой степени такие факторы риска, как рыночный фактор из модели САРМ, фактор стоимости и фактор размера из трехфакторной модели Фамы-Фрэнча и фактор предыдущих доходностей из четырехфакторной модели Фамы–Фрэнча–Кархорта, влияют на избыточную доходность паевых инвестиционных фондов. ...
Added: January 12, 2013
Исследование возможностей диверсификации рисков портфельного инвестирования на российском фондовом рынке
Петров С. С., Osharin A., Аудит и финансовый анализ 2007 № 2 С. 183–188
The paper investigates the optimization methods used by an investor working on the Russian stork market. The efficient sets, corresponding for the two different states of the market (with «moderate» and «rapid» growth rates), are build. The paper denies the necessity of the «deep» diversification of the portfolio on the Russian stork market. Some recommendations ...
Added: December 12, 2012
  • About
  • About
  • Key Figures & Facts
  • Sustainability at HSE University
  • Faculties & Departments
  • International Partnerships
  • Faculty & Staff
  • HSE Buildings
  • HSE University for Persons with Disabilities
  • Public Enquiries
  • Studies
  • Admissions
  • Programme Catalogue
  • Undergraduate
  • Graduate
  • Exchange Programmes
  • Summer University
  • Summer Schools
  • Semester in Moscow
  • Business Internship
  • Research
  • International Laboratories
  • Research Centres
  • Research Projects
  • Monitoring Studies
  • Conferences & Seminars
  • Academic Jobs
  • Yasin (April) International Academic Conference on Economic and Social Development
  • Media & Resources
  • Publications by staff
  • HSE Journals
  • Publishing House
  • iq.hse.ru: commentary by HSE experts
  • Library
  • Economic & Social Data Archive
  • Video
  • HSE Repository of Socio-Economic Information
  • HSE1993–2026
  • Contacts
  • Copyright
  • Privacy Policy
  • Site Map
Edit