Publication:
Portfolio Investment Funds : Assessing the Impact on Emerging Markets

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dc.contributor.authorBarger, Teresa
dc.contributor.authorCarter, Laurence
dc.contributor.authorKuczynski, Irving
dc.date.accessioned2012-08-13T15:31:21Z
dc.date.available2012-08-13T15:31:21Z
dc.date.issued1996-09
dc.description.abstractAlthough 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/1996/09/441457/portfolio-investment-funds-assessing-impact-emerging-markets
dc.identifier.doi10.1596/11607
dc.identifier.urihttps://hdl.handle.net/10986/11607
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesViewpoint: Public Policy for the Private Sector; Note No. 89
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectSTOCK MARKETS
dc.subjectINVESTMENT PROMOTION
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN INVESTMENTS
dc.subjectCAPITAL MARKETS
dc.subjectEQUITY INVESTMENTS
dc.subjectPRIVATE ENTERPRISES
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectCAPITAL MARKETS
dc.subjectPORTFOLIO INVESTMENT FUNDS ACCOUNTING
dc.subjectAFFILIATED ORGANIZATIONS
dc.subjectBORROWING
dc.subjectBROKERS
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITALIZATION
dc.subjectDISCLOSURE
dc.subjectDOMESTIC MARKETS
dc.subjectEMERGING MARKETS
dc.subjectEQUITY CAPITAL
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectGROWTH FUND
dc.subjectINITIAL PUBLIC OFFERINGS
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSURANCE
dc.subjectINVESTMENT BANKS
dc.subjectLIQUIDITY
dc.subjectMUTUAL FUNDS
dc.subjectPORTFOLIO
dc.subjectPRIVATIZATION
dc.subjectSAVINGS
dc.subjectSAVINGS RATES
dc.subjectSECURITIES
dc.subjectSECURITIES MARKETS
dc.subjectSTOCK MARKETS
dc.subjectSTOCKS
dc.subjectTRANSITION ECONOMIES
dc.subjectTURNOVER
dc.subjectVENTURE CAPITAL
dc.titlePortfolio Investment Funds : Assessing the Impact on Emerging Marketsen
dspace.entity.typePublication
okr.crosscuttingsolutionareaFragility, Conflict, and Violence
okr.date.doiregistration2025-04-29T09:21:57.855053Z
okr.doctypePublications & Research::Viewpoint
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/1996/09/441457/portfolio-investment-funds-assessing-impact-emerging-markets
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid123441468779986634
okr.identifier.externaldocumentum000009265_3980420172646
okr.identifier.internaldocumentum441457
okr.identifier.report16878
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1999/08/15/000009265_3980420172646/Rendered/PDF/multi0page.pdfen
okr.sectorCapital Markets Development
okr.sectorFinance
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicInternational Economics and Trade::Access to Markets
okr.topicBanks and Banking Reform
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicInternational Terrorism and Counterterrorism
okr.topicConflict and Development
okr.unitFin & Private Sector Develop VP
okr.volume1 of 1
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relation.isAuthorOfPublication.latestForDiscovery03f6f214-b2db-5c20-b0fa-9ced8de333c8
relation.isSeriesOfPublication1067ecbf-b217-4376-a77e-64594be2b212
relation.isSeriesOfPublication.latestForDiscovery1067ecbf-b217-4376-a77e-64594be2b212
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