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Investments Chapter 4: Institutional Investors
Institutionalization: I ,[object Object],Exhibit 4.1   Institutional holdings of corporate equities in the USA (end of year, in billions of dollars) Source:  Federal Reserve Board “Flow of Funds”, www.federalreserve.gov.
Institutionalization: II ,[object Object],[object Object],[object Object],[object Object],[object Object]
Insurance Companies: I ,[object Object]
Insurance Companies: II ,[object Object],[object Object],[object Object],[object Object]
Pension Funds: I ,[object Object]
Pension Funds: II ,[object Object],Distinction 2 Pay-as-you-go system Advanced-funded system Distinction 3 Defined-benefit plan Defined-contribution plan Distinction 1 State pension plan   Private pension plan
Investment Companies: I ,[object Object]
Investment Companies: II ,[object Object],[object Object],[object Object],[object Object]
Open-End Funds ,[object Object],[object Object],[object Object]
Closed-End Funds ,[object Object],[object Object]
Closed-End Funds ,[object Object],[object Object],[object Object],[object Object]
Hedge Funds ,[object Object],[object Object],[object Object]

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