Open pension funds have existed on the Polish financial market since 1999. There are institutions which create this market by investing part of their members’ superannuation. So, it is difficult to overestimate their significance from a social point of view. A very important feature of pension funds is the fact that the amount of money which is invested successively increases. That’s why the market share of pension funds become bigger and bigger and has a very important influence on the financial market. Authors have presented results of quantitative investigations of the share of pension funds in this market from 2001 to 2012. Main attention is concentrated on WSE because pension funds invest in stocks and bonds listed on the Polish exchange and these securities are the main components of their portfolios. It occurs that pension funds have an important influence on WSE creating its position as a leading exchange in emerging markets. Presentation omits the problem of an effectiveness of pension funds which is the subject of scientific interest of authors as well. Instead authors present the dynamic of changes of influence these funds have on the Polish capital market.

1. FULLTEXT: The Influence of Pension Funds on Polish Capital Market, Zip archive data, at least v2.0 to extract, 0.1MB

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