A growing part of financial intermediation, CIS assets have been rising sharply as a share of national income and as a share of financial assets in most member countries. They are already becoming popular for investment in view of future personal pensions, a role that will probably grow in coming years. They could also prove useful for meeting other life-course needs, such as education and healthcare.
Both regulators and the CIS industry have realised that it is important to maintain robust systems to avoid conflicts of interest and to protect CIS investors. The OECD has published a White Paper for policymakers and the industry, highlighting elements that improve the governance of CIS.
For more information see “OECD White Paper on Governance of Collective Investment Schemes”, Financial Market Trends No. 88, March 2005, also available online.
©OECD Observer No 249, May 2005