Portfolio Investment Funds : Assessing the Impact on Emerging Markets
Although portfolio funds account for only about 5 percent of the capitalization of emerging stock markets, these small infusions of capital, particularly foreign portfolio investment funds, have been responsible for jump starting the development of...
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| Format: | Viewpoint |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1996/09/441457/portfolio-investment-funds-assessing-impact-emerging-markets http://hdl.handle.net/10986/11607 |
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okr-10986-116072021-04-23T14:02:56Z Portfolio Investment Funds : Assessing the Impact on Emerging Markets Barger, Teresa Carter, Laurence Kuczynski, Irving STOCK MARKETS INVESTMENT PROMOTION FOREIGN CAPITAL FOREIGN INVESTMENTS CAPITAL MARKETS EQUITY INVESTMENTS PRIVATE ENTERPRISES INSTITUTIONAL INVESTORS CAPITAL MARKETS PORTFOLIO INVESTMENT FUNDS ACCOUNTING AFFILIATED ORGANIZATIONS BORROWING BROKERS CAPITAL FLOWS CAPITAL MARKETS CAPITALIZATION DISCLOSURE DOMESTIC MARKETS EMERGING MARKETS EQUITY CAPITAL FOREIGN CAPITAL FOREIGN INVESTMENT FOREIGN INVESTORS GROWTH FUND INITIAL PUBLIC OFFERINGS INSTITUTIONAL DEVELOPMENT INSURANCE INVESTMENT BANKS LIQUIDITY MUTUAL FUNDS PORTFOLIO PRIVATIZATION SAVINGS SAVINGS RATES SECURITIES SECURITIES MARKETS STOCK MARKETS STOCKS TRANSITION ECONOMIES TURNOVER VENTURE CAPITAL Although portfolio funds account for only about 5 percent of the capitalization of emerging stock markets, these small infusions of capital, particularly foreign portfolio investment funds, have been responsible for jump starting the development of many of these markets. The main beneficiaries of this growth have been the local firms and investors who hold about 90 percent of emerging market stocks. This Note examines the key role played by the International Finance Corporation (IFC) in creating the portfolio funds industry and helping to put countries on the map for emerging market investors. By improving the price-earnings ratio, liquidity, and pricing efficiency of domestic markets, portfolio funds improve firms access to all equity capital in emerging markets, a factor critical for business growth in developing countries. The Note also outlines the benefits that flow to developing country entrepreneurs and investors as a result of this increased liquidity the stock market provides. 2012-08-13T15:31:21Z 2012-08-13T15:31:21Z 1996-09 http://documents.worldbank.org/curated/en/1996/09/441457/portfolio-investment-funds-assessing-impact-emerging-markets http://hdl.handle.net/10986/11607 English Viewpoint: Public Policy for the Private Sector; Note No. 89 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
STOCK MARKETS INVESTMENT PROMOTION FOREIGN CAPITAL FOREIGN INVESTMENTS CAPITAL MARKETS EQUITY INVESTMENTS PRIVATE ENTERPRISES INSTITUTIONAL INVESTORS CAPITAL MARKETS PORTFOLIO INVESTMENT FUNDS ACCOUNTING AFFILIATED ORGANIZATIONS BORROWING BROKERS CAPITAL FLOWS CAPITAL MARKETS CAPITALIZATION DISCLOSURE DOMESTIC MARKETS EMERGING MARKETS EQUITY CAPITAL FOREIGN CAPITAL FOREIGN INVESTMENT FOREIGN INVESTORS GROWTH FUND INITIAL PUBLIC OFFERINGS INSTITUTIONAL DEVELOPMENT INSURANCE INVESTMENT BANKS LIQUIDITY MUTUAL FUNDS PORTFOLIO PRIVATIZATION SAVINGS SAVINGS RATES SECURITIES SECURITIES MARKETS STOCK MARKETS STOCKS TRANSITION ECONOMIES TURNOVER VENTURE CAPITAL |
| spellingShingle |
STOCK MARKETS INVESTMENT PROMOTION FOREIGN CAPITAL FOREIGN INVESTMENTS CAPITAL MARKETS EQUITY INVESTMENTS PRIVATE ENTERPRISES INSTITUTIONAL INVESTORS CAPITAL MARKETS PORTFOLIO INVESTMENT FUNDS ACCOUNTING AFFILIATED ORGANIZATIONS BORROWING BROKERS CAPITAL FLOWS CAPITAL MARKETS CAPITALIZATION DISCLOSURE DOMESTIC MARKETS EMERGING MARKETS EQUITY CAPITAL FOREIGN CAPITAL FOREIGN INVESTMENT FOREIGN INVESTORS GROWTH FUND INITIAL PUBLIC OFFERINGS INSTITUTIONAL DEVELOPMENT INSURANCE INVESTMENT BANKS LIQUIDITY MUTUAL FUNDS PORTFOLIO PRIVATIZATION SAVINGS SAVINGS RATES SECURITIES SECURITIES MARKETS STOCK MARKETS STOCKS TRANSITION ECONOMIES TURNOVER VENTURE CAPITAL Barger, Teresa Carter, Laurence Kuczynski, Irving Portfolio Investment Funds : Assessing the Impact on Emerging Markets |
| relation |
Viewpoint: Public Policy for the Private Sector; Note No. 89 |
| description |
Although portfolio funds account for
only about 5 percent of the capitalization of emerging stock
markets, these small infusions of capital, particularly
foreign portfolio investment funds, have been responsible
for jump starting the development of many of these markets.
The main beneficiaries of this growth have been the local
firms and investors who hold about 90 percent of emerging
market stocks. This Note examines the key role played by the
International Finance Corporation (IFC) in creating the
portfolio funds industry and helping to put countries on the
map for emerging market investors. By improving the
price-earnings ratio, liquidity, and pricing efficiency of
domestic markets, portfolio funds improve firms access to
all equity capital in emerging markets, a factor critical
for business growth in developing countries. The Note also
outlines the benefits that flow to developing country
entrepreneurs and investors as a result of this increased
liquidity the stock market provides. |
| format |
Publications & Research :: Viewpoint |
| author |
Barger, Teresa Carter, Laurence Kuczynski, Irving |
| author_facet |
Barger, Teresa Carter, Laurence Kuczynski, Irving |
| author_sort |
Barger, Teresa |
| title |
Portfolio Investment Funds : Assessing the Impact on Emerging Markets |
| title_short |
Portfolio Investment Funds : Assessing the Impact on Emerging Markets |
| title_full |
Portfolio Investment Funds : Assessing the Impact on Emerging Markets |
| title_fullStr |
Portfolio Investment Funds : Assessing the Impact on Emerging Markets |
| title_full_unstemmed |
Portfolio Investment Funds : Assessing the Impact on Emerging Markets |
| title_sort |
portfolio investment funds : assessing the impact on emerging markets |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1996/09/441457/portfolio-investment-funds-assessing-impact-emerging-markets http://hdl.handle.net/10986/11607 |
| _version_ |
1764417344396853248 |