Analiza kretanja ulaganja sektora kućanstva u nenovčane investicijske fondove u Republici Hrvatskoj

master's thesis

• Title (english): Analysis of Household Sector Investments in Non-Money Market Investment Funds in the Republic of Croatia
• Author: Doroteja Buhin
• Mentor: Marijana Ivanov (mentor)
• Committee member: Dajana Barbić (predsjednik povjerenstva)
• Committee member: Martina Nakić (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; (Department of Finance); Zagreb
• Defense date and country: 2020-09-21, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics; Finance

Abstract

Sektor kućanstva smatra se glavnim izvorom novčanih viškova gospodarstva, a investicijski
fondovi kao institucionalni investitori važan su čimbenik razvoja tržišta kapitala. Važno je stoga
razumjeti karakteristike ulaganja sektora kućanstva u investicijske fondove te pratiti visinu
spomenutih ulaganja. Fokus analize je na ulaganjima u nenovčane investicijske fondove jer za
razliku od novčanih fondova ne predstavljaju bliske supstitute štednji u bankama, već
predstavljaju oblik financijskih ulaganja.
Analizom sekundarnih podataka dolazi se do zaključaka da Republika Hrvatska bilježi rastući
trend ulaganja sektora kućanstva u nenovčane investicijske fondove s izuzetkom blagog pada
2013. godine te značajnog smanjenja ulaganja u prvom kvartalu 2020. godine zbog negativnog
utjecaja koronavirusa na gospodarska kretanja. Unatoč rastućem trendu ulaganja, Republika
Hrvatska prema promatranom kriteriju zauzima tek 23. mjesto u ukupnom poretku 27 zemalja
Europske unije. Sektor kućanstva u Republici Hrvatskoj sklon je konzervativnom pristupu
ulaganjima te prevladavaju ulaganja u obvezničke fondove.

Abstract (english)

Household sector is considered as main source of cash surpluses in the economy and
investment funds as institutional investors are important factor of capital market
development. Therefore, it is important to understand characteristics of household sector
investments in investment funds and track values of mentioned investments. Focus of the
analysis is on investments in non-money market investment funds because unlike money
market investment funds, they are not close substitutes for savings in banks, but a form of
financial investments.
Analysis of secondary data shows that Republic of Croatia has an upward trend in household
sector investments in non-money market investment funds with the exception of a slight
decrease in 2013 and a significant fall in investments in the first quarter of 2020 because of
the negative impact of Coronavirus Crisis on the economic developments. Despite growing
trend of investments, the Republic of Croatia ranks 23rd in the overall ranking of 27 EU
countries considering observed criteria. Household sector in the Republic of Croatia tends to
have a conservative approach to investment and thereby investments in bond fonds make a
dominant type of investments.

• Keywords: ulaganja; kućanstva; nenovčani investicijski fondovi
• Keywords (english): investments; households; non-money market investment funds
• Language: croatian
• URN:NBN: urn:nbn:hr:148:678433
• 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: 2020-09-21 21:48:55