The Influence Factors Of The Mutual Fund Industry Development Research

The mutual fund is a type of collective investment scheme that pools money from many investors. It originated from United Kingdom in1868. Since then, the mutual fund industry had witnessed individually development in each European country. In1985, European Community forced the first UCITS Directive, along with which European mutual fund industry began to integrate, and meanwhile the UCITS fund is welcomed by more and more investors. During the period between1998and2007, European mutual fund industry had witnessed a ten-year’s fast development. At present, Europe is the second largest mutual fund market in the world.Based on the conclusions drawn by previous scholars, we mainly discuss how the jurisprudence system, industry concentration and competition, insider trading laws, and other factors impact on the development of European mutual fund industry, and try to find their correlations. Major conclusions are:the prosperity of European mutual fund industry is the result of its sound jurisprudence system, mature financial market, long industry development history, high-quality info disclosure mechanism, great effort on investor protection and education and convenient cross-border fund distribution. At last, we give suggestions on the development of China mutual fund industry.The innovation part of this paper lies in two parts. On one hand, most domestic studies are focused on U.S. mutual fund industry, and we can seldom find any systematic study on the European mutual industry. This paper sums up the conclusions from previous studies and sorts proper order on them. On another hand, this paper collects data of50,000mutual funds, and distributes them into20sample countries. By making empirical analyze, we use cross-section data to simply analyze the regional and global differences of European mutual fund industry.