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Problematika završnog rada temeljila se na istraživanju uloge odnosno značaja i utjecaja institucionalnih investitora na financijskom tržištu Republike Hrvatske. Stoga je cilj rada bio putem teorijskog dijela pružiti temeljni uvid i saznanja o vrstama, funkcijama te značaju i utjecaju institucionalnih investitora. Nakon toga, analizom podataka o stanju imovine i njezinom alociranju cilj je bio prikazati koliki utjecaj institucionalni investitori imaju na financijskom tržištu Republike Hrvatske s obzirom na veličinu imovine te portfelje u koje ulažu imovinu u promatranim razdobljima. Institucionalni investitori ulažu štednju malih investitora u svrhu ostvarivanja određene stope prinosa uz određenu stopu rizika. Postoje četiri vrste institucionalnih investitora, a to su poslovne banke, mirovinski fondovi, osiguravajuća društva i investicijski fondovi. Njihove funkcije odnose se na udruživanje i prenošenje sredstava malih investitora, upravljanje rizikom, pružanje informacija, rješavanje problema s kojima bi se mali investitori susretali bez institucionalnih investitora kao posrednika i u konačnici, omogućuju napredak financijskog tržišta. Tim funkcijama utječu na likvidnost, konkurentnost, potražnju za instrumentima tržišta kapitala, financijske inovacije itd. Najveći udio imovine institucionalnih investitora odnosi se na poslovne banke. Drugi najveći udio imovine odnosi se na mirovinske fondove, a zatim slijede osiguravajuća društva i investicijski fondovi. Poslovne banke većinu sredstava ulažu u kredite, dok mirovinski fondovi, osiguravajuća društva i investicijski UCITS fondovi najviše sredstava ulažu u vrijednosne papire. Na temelju rezultata znanstveno-istraživačkog rada zaključuje se da se povećava značaj, a time i uloga institucionalnih investitora na financijskom tržištu zbog porasta vrijednosti imovine. Također, zaključuje da se sve više imovine alocira u vrijednosne papire nego u ostale oblike ulaganja. The main topic of this final paper was to research the role, importance and influence of institutional investors on the financial market of the Republic of Croatia. Therefore, the goal of this paper was to provide a basic insight and knowledge of forms, functions, importance and impact of institutional investors through the theoretical part. Subsequently, by analyzing the data on the condition of assets and its allocation, the goal was to show the proportions of institutional investors' impact on the financial market of the Republic of Croatia with regard to the size of their assets and porftolios in which they invest their assets within observed periods. Institutional investors invest small investor's savings in order to achieve a certain yield rate at a certain rate of risk. We distinguish four forms of institutional investors and those are commercial banks, pension funds, insurance companies and mutual funds. Their functions refer to pooling and transferring funds of small investors, risk management, providing information, solving challenges which small investors would face if there weren't of institutional investors as intermediaries and finally, enabling the financial market to progress. Through these functions they influence liquidity, competitivness, demand for capital market instruments, financial innovations, etc. The largest share of institutional investors' assets refers to commercial banks. The second largest share of assets refers to pension funds, followed by insurance companies and mutual funds. Business banks invest most of their funds into loans, while pension funds, insurance companies and investment UCITS funds invest most of their funds into securities. Based on research results, it is concluded that the significance and thus the role of institutional investors in the financial market is increasing, due to the increase in the value of their assets. Also, it is concluded that more and more of assets are being allocated into securities than in other forms of investments. |
