期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2017
卷号：17
期号：2
语种：English
出版社：Ovidius University Press
摘要：Despite the failures that investment funds have registered in Romania by the year 2000,they are a financial instrument chosen by more and more people to capitalize on their savings. Therefore,open-end investment funds have had a steady growth trend in Romania over the past 10 years;their net asset value increased by 24 times and the number of investors tripled. In this context,the purpose of our paper is to present possible factors that have caused this increase. Particularly,the empirical research focuses on studying the links that might exist between open-end investment funds,bank deposits and interest rates on bank deposits. The correlations between these variables were analysed by computing the Pearson's correlation coefficient. The results highlight a high negative relationship that exist between net asset value of investment funds and bank interest. Nevertheless,it has been found that bank deposits are related neither to the interest rate nor to the open-end investment funds.
关键词：return of investment;interest rate;open-end mutual fund;retail investors;bank deposits
