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Name : Institutional Investors
ISBN-10 : 0262541750
ISBN-13 : 9780262541756
Publisher : MIT Press
Language : English
Number Of Pages : 560
multimediabooks - 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...
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