Utjecaj makroekonomskih rizika na osobne financije i ponašanje ulagatelja u otvorene investicijske fondove s javnom ponudom

master's thesis

• Title (english): The Impact of Macroeconomic Risks on Personal Finance and the Behaviour of Investors in Open-end Funds with a Public Offering
• Author: Lorena Rađenović
• Mentor: Marijana Ivanov (mentor)
• Committee member: Dajana Barbić (član povjerenstva)
• Committee member: Gordana Kordić (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; Zagreb
• Defense date and country: 2023-09-13, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Finance

Abstract

O financijskoj budućnosti najčešće se počne razmišljati prekasno, kada nastupe značajniji financijski izdaci ili u godinama koje prethode odlasku u mirovinu. Ali, kako bi se izgradila stabilna budućnost, o osobnim financijama treba razmišljati na vrijeme. Uspješno upravljanje osobnim financijama, od kućnog budžeta do štednje i ciljanog ulaganja, zahtijeva posjedovanje odgovarajućeg znanja i primjenu dobrih financijskih navika. Pri tome postoji kriva pretpostavka kako samo osobe koje imaju višak sredstava mogu štedjeti. Štednja je namijenjena svima, samo je pitanje kako upravljati onime čime se raspolaže.

Rizici u osobnim financijama imaju paralele s rizicima u poslovnim financijama, s obzirom na slične uzroke, akumulaciju i oblike manifestiranja. Ne postoji način koji bi u potpunosti eliminirao svaki rizik, međutim moguće je koristiti tehnike kojima se oni mogu izbjeći ili umanjiti, kako bi se u što manjoj mjeri realizirali gubitci za pojedinca i njegovu obitelj. Iz navedenog proizlazi kako je svijest o postojanju rizika u osobnim financijama polazišna točka za njihovo daljnje razumijevanje. Dodatno, potrebna je financijska pismenost ukoliko se želi uspješno upravljati osobnim financijama.

Osim tradicionalne štednje u banci, pojedinci i kućanstva mogu koristiti prednosti i drugih oblika štedno-ulagačkih proizvoda, sagledavajući pritom kako njihove prinose tako i rizike uz koje se vežu. U tom kontekstu, javljaju se kao mogućnost otvoreni investicijski fondovi s javnom ponudom. To može biti dobra strategija izbjegavanja rizika jer većina ulagatelja nema dovoljno specijalizirana znanja i vještine za ulaganje na tržištu kapitala. Ulagatelji su često upoznati s pojmom rizika i njegovim vrstama, ali ne i učincima koje svaki od njih može proizvesti. Investicijski fondovima upravljaju profesionalni fond menadžeri što je jedna od pogodnosti za udjelničare, a druge su izbor fonda koji je za njih najprikiladniji s obzirom na tip ulaganja te diverzifikacija rizika unutar klase imovine izabranog fonda.

Abstract (english)

One usually starts thinking about the financial future too late, when significant financial expenses occur or in the years preceding retirement. But, in order to build a stable future, personal finances should be thought about in time. Successful management of personal finances, from the household budget to savings and targeted investment, requires the possession of appropriate knowledge and the application of good financial habits. At the same time, there is a false assumption that only people who have more resources can save. Saving is meant for everyone, it's just a question of how to manage what you have.

Risks in personal finance have parallels with risks in business finance, given similar causes, accumulation and forms of manifestation. There is no way to completely eliminate every risk, however, it is possible to use techniques that can avoid or reduce it, in order to minimize losses for the individual and his family. It follows from the above that the awareness of the existence of risks in personal finances is the starting point for their further understanding. Additionally, financial literacy is required if one wants to successfully manage personal finances.

In addition to traditional bank savings, individuals and households can also take advantage of other forms of savings and investment products, taking into account both their returns and the associated risks associated. In this context, open investment funds with a public offering appear as a possibility. It can be a good risk avoidance strategy because most investors do not have enough specialized knowledge and skills to invest in the capital market. Investors are often familiar with the concept of risk and its types, but not with the effects that each of them can produce. Investment funds are managed by professional fund managers, which is one of the benefits for shareholders, and others are the choice of the fund that is most suitable for them, considering the type of investment and risk diversification within the asset class of the selected fund.

• Keywords: financije; otvoreni investicijski fondovi s javnom ponudom (UCITS fondovi); financijska pismenost; ulagatelj; makroekonomski rizici
• Keywords (english): personal finance; open investment funds with public offering (UCITS funds); financial literacy; investor; macroeconomic risks
• Language: croatian
• URN:NBN: urn:nbn:hr:148:427762
• Study programme: Title: Business Economics; Study programme type: university; Study level: integrated undergraduate and graduate; Academic / professional title: magistar/magistra ekonomije (magistar/magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Access restricted to students and staff of home institution
• Created on: 2023-09-14 17:57:22