Vertinimas ir kainodara investiciniuose fonduose

Abstract

The key problems analysed in this article are the evaluation of the assets of investment fund and the formation of its share prices (pricing). Different evaluation methods are used to evaluate types of assets. The main factor, which determines the evaluation method to be used, is the liquidity of assets. The higher liquidity is, the higher possibility that the asset will be bought or sold for the determined price. There are some different systems of pricing used in the determination of the price of investment fund. Chosen system depends on the funds size, its legal structure, assets in the portfolio, liquidity of the market, the country where fund operates, etc.