ACTIVITY OF INSTITUTIONAL INVESTORS ON CAPITAL MARKETS IN UKRAINE

Анотація

The main characteristics of institutional investors' activities include investing funds received from clients rather than their own, diversifying their investments, having qualified employees, or engaging professional stock market participants to carry out investments. In Ukraine, institutional investors include collective investment institutions, non-public pension funds, insurance companies, and banks. The aim of the article is to identify trends observed in capital markets and show how actively domestic institutional investors participate in financing of investment projects by purchasing securities issued for their implementation. Each domestic institutional investor operates based on profile laws and regulatory acts of the National Bank of Ukraine and the National Securities and Stock Market Commission, which regulate the legal basis for their establishment and their investment in securities. Research of the structure of institutional investors' securities portfolios has revealed characteristic trends over the past 11 years: a decline in investments in shares and bonds of domestic enterprises, and a significant increase in investments in government securities. An analysis of the dynamics of the share of corporate securities in the assets of institutional investors indicates a lack of interest from domestic institutional investors in financing investment projects implemented by domestic economic entities. The main reason for this catastrophic situation for the national economy is the high riskiness of investments in corporate securities of domestic issuers. Only the stabilization of the economic situation in the country, the elimination of military, political, and corruption threats, and the increase in financial literacy of the population will allow the corporate segment of the capital markets in Ukraine to become more active and institutional investors to take their proper place in it. Keywords: institutional investors, collective investment institutions, non-public pension funds, insurance companies, banks, capital markets, securities.

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