论文部分内容阅读
美国、日本、德国是当今世界共同基金业最发达的国家,美国共同基金发展最具有戏剧性。80年代美国共同基金以年平均25％的速度增长,90年代仍以15％的速度在膨胀,到本世纪末,美国共同基金资产总额达4.3万亿美元,超过美国银行资产的总额,不仅如此,共同基金从80年代开始在许多业务方面与商业银行展开激烈竞争。于是有人说,共同基金就是90年代的银行,我赞同这种说法。
The United States, Japan and Germany are the most developed countries in the world in mutual fund industry. The United States has the most dramatic development in mutual funds. In the 1980s, the mutual funds of the United States rose at an average annual rate of 25% and the rate of inflation in the 1990s was still 15%. By the end of this century, U.S. mutual fund assets totaled 4.3 trillion U.S. dollars, exceeding the total assets of Bank of America. Not only that, Mutual funds have fiercely competed with commercial banks in many businesses since the 1980s. Some people say that mutual funds are banks in the 1990s, and I agree with this.