Инвестиционните фондове като елемент в системата на финансовия пазар
Investment funds as components in the financial market system

Summary/Abstract: The object of study in this article are the funds for collective investment in securities. The main purpose of the presentation is the positioning of investment funds in the financial market system. This is done based on a comparative analysis of the main types of financial institutions. The main conclusion of the study is that funds for collective investment in securities are unique entities within the financial markets. In institutional terms, they differ significantly even from related economic and financial structures, making them an independent financial category. This confirmes their status as a significant entity within the monetary and capital markets.

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