They also grow more in countries that have institutional structures that encourage investing in mutual funds, such as pension plans.

此外,在那些,建立了鼓励投资共同基金制度结构,比如养老基金计划的国家,共同基金的发展也比较快

耶鲁公开课 - 金融市场课程节选

They found, not surprisingly, that it tends to--mutual funds have been growing more rapidly in countries that have stronger securities laws and institutions, especially laws that protect individual shareholders rights.

他们发现,那些共同基金发展较迅速的国家,都拥有比较健全的证券法规和完善的证券制度,其中保护个人股东权利的法律尤为完善

耶鲁公开课 - 金融市场课程节选

Real Estate Investment Trusts became very important in three waves.

房地产投资信托基金,在经历三次发展浪潮后变得十分重要

耶鲁公开课 - 金融市场课程节选