MARKET OF FINANCIAL SERVICES

TKACHENKO Nataliia ¹, SHABANOVA Olena Viktorivna

¹Taras Shevchenko National University of Kyiv
OrcID ID : https://orcid.org/0000-0001-6312-4586

Scientific approaches to the determination of the investment potential of the private pension funds

It is revealed the basic approaches to the interpretation of the essence of the “investment potential” concept, for example resource, probabilistic, outcome, strategic, adaptive, market, integrated approaches, and their advantages and disadvantages are determined. On the basis of consideration of the specific of the pension funds’ investment activity it has been proved that the investment potential of the fund is, firstly, a set of pension assets that are available in a given time and unused reserves of growth; secondly, the ability of administrator to mobilize public savings, expanding the range of the fund depositors and capability of asset management company to manage them effectively and adapt investment fund to uncertain and changing environmental conditions; thirdly, the availability of investment opportunities for the formation of the maximum possible amount of pension savings with the acceptable level of risk, taking into account the investment restrictions of the fund. At the micro level the investment potential of private pension fund is a combination of retirement savings accumulated at a particular time, the amount of which depends on the investment attractiveness of the fund to investors and participants in terms of investment return on pension assets. Herewith the investment attractiveness of private pension fund forms due to the investment capacity of the area (at the meso level) and investment climate (at the macro level), which could both limit or expand investment opportunities of fund.

Keywords: investment potential, private pension fund, resource approach, probabilistic approach, targeted approach, output approach, structural approach, strategic approach, adaptive approach, market approach, integrated approach

JEL: G20, G23

TKACHENKO N. . Scientific approaches to the determination of the investment potential of the private pension funds / N. . TKACHENKO, O. V. SHABANOVA // Фінанси України. - 2014. - № 9. - C. 93-106.