Tatiana Didier, Roberto Rigobon, Sergio Schmukler, Monday, November 12, 2012 - 00:00

Investment through global funds increases year on year. But how and where are global funds’ portfolios allocated? How and which recipient countries, underlying investors, and policymakers benefit? This column argues that global funds in fact represent restrictive investment practises. If we want as many countries, investors and companies to benefit as possible, we must aim to change global funds’ organisational structures and thereby managers’ behaviour.

CEPR Policy Research