Economy, finances, management: Topical issues of science and practical activity


Issue №: 1 (67)

Published: 2024.03.31
DOI: 10.37128/2411-4413-2024-1

The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

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DOI: 10.37128/2411-4413-2024-1-6
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ZAICHKO Iryna – Candidate of Economic Sciences, Associate Professor of the Department of Finance, Banking and Insurance, National Academy of Statistics, Accounting and Audit (04107, Kyiv, 1, Pidhirna Str., e-mail: zkiv26@gmail.com).

RIZNYK Dmytro – Candidate of Economic Sciences, Doctoral Student of the Department of Finance, Monetary Accounting and Credit, Ivan Franko National University of Lviv (79000, Lviv, 1, Universytetska Str., e-mail: dmytroriznyk@gmail.com).

YATSENKO Oleksandr – Doctor of Economic Sciences, Professor, Head of the Department of Enterprise Economics, Accounting and Audit, The Bohdan Khmelnytskiy National University of Cherkasy (18031, Cherkasy, 81, Shevchenka Av., e-mail: allexsan1974@gmail.com).


The financial market is constantly developing and becoming more complicated: new financial instruments appear, the approaches to existing ones are improved and modernized, parameters and methods of calculations change. Investing in mutual funds is one of the most applicable tools to use in the stock market, which suits investors with different goals and interests and requires minimal involvement in asset management. The article examines the role of investment funds in the stock market: portfolio diversification, liquidity, professional management, access to markets. The definitions of «exchange-traded funds (ETFs)», «mutual funds», «hedge funds» are given. The article reveals the concept of stock exchange investment funds as an investment tool on the stock exchange. The scheme of operation of stock exchange investment funds, consisting of four stages, is given. The following advantages are considered: the investor does not need to independently conduct a deep analysis of various securities, most of the work of asset management is undertaken by the management company, the owner of the shares is allowed to hedge, the shares of investment funds are much cheaper, they are easy to use, they are of interest to the industries in which they are applied, and also available not only to medium and large, but also to small investors. Exchange investment funds by countries of the world are analyzed. The advantages and disadvantages of investing in exchange investment funds are studied. The US TIAA ESG mid-cap index for 2018-2023 was analyzed. The advantages and disadvantages of investing in mutual funds are characterized. It is explored the types of available mutual fund investment vehicles to: types of mutual funds, fund performance, fees and expenses, fund manager. The dynamics of the share price of the first Ukrainian hedge fund RAISEN was analyzed. Features characteristic of hedge funds are considered: a private investment fund with weak legislative regulation, the use of a wide range of strategies and tools for portfolio formation, management by highly professional investment managers, the direct dependence of managers’ remuneration on the fund’s profit, openness to a limited number of investors. The difference between a hedge fund and other investment funds is established.

Keywords: investment funds, exchange-traded funds (ETF), mutual funds, hedge funds, stock market, investor

List of references

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2. Yurkevych, O.M. (2011). Vyznachennia sutnosti ta roli instytutsiinykh investoriv na finansovomu rynku Ukrainy [Defining the essence and role of institutional investors in the financial market of Ukraine]. Formuvannia rynkovoi ekonomiky v Ukraini – Formation of market economy in Ukraine, 26, 149–157 [in Ukrainian].

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14. TIAA ESG USA Mid-Cap Growth Index (USD). surl.li. Retrieved from: http://surl.li/tgvjv [in English].

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About journal

Topics of the journal:

051 Economics

071 Accounting and taxation

072 Finance, banking and insurance

073 Management

075 Marketing

076 Business, trade and exchange activities

241 Hotel, restaurant and catering 

281 Public administration


Key information:
ISSN (print): 2411-4413
DOI: 10.37128

The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine". 

The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281

(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).

The journal “Economy, finances, management: Topical issues of science and practice” has a Digital Object Identifier (DOI)

The journal “Economy, finances, management: Topical issues of science and practice” is indexed in such database as Index Copernicus Value (https://journals.indexcopernicus.com/search/form)


The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.

The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.


Objectives of the journal:

  • publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
  • expanding partnerships with international scientific publishing organizations;
  • enhancing the culture of reviewing and annotating published material;
  • adherence to editorial ethics.


Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.

The cost of printing one page in professional editions of the university is 60 UAH.

An additional copy of the magazine with the mailing list costs 450 UAH.

Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "

History of journal:

It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.

From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)

According to the decision of National Council of Television and Radio Broadcasting of Ukraine from 25.04.2024 No. 1337 the scientific journal «Economy, finances, management: topical issues of science and practical activity» has the ID of the Media R30-05171.