The development of investment funds in capital market of Montenegro

Sead Osmanović

Technical University of Kosice, Slovakia (Phd candidate)


The current concept of investment funds in Montenegro has been successful and has brought positive results in the context of mass voucher privatization, as well as in the following period of consolidation of ownership. However, that concept is no more attractive. It is not competitive in attracting domestic and foreign investors and do not generate private saving. This paper discusses possible directions of changes of the concept of investment funds’ operations and management companies in Montenegro.

Key words: investment funds, development, regulation, principal-agent problem

Volume 7.No.2(2023): April – (Social Sciences Session)

ISSN 2661-2666 (Online) International Scientific Journal Monte (ISJM)
ISSN 2661-264X (Print)



Full Text: PDF

This is an open access article under the CC BY-NC-ND license (