This thesis is dealing with analyze and description of some aspects of Real Estate funds management. The theoretical part starts with the history and essence of collective investment. A special form of collective investment fund is Real Estate fund. The main features of these investment vehicles in the world and in Czech Republic will be examined. The main aim of this thesis is to suggest an ideal process and choose convenient methods how to evaluate an investment in realty. In the second chapter will be accomplished the analysis of external factors influencing Real Estate business. The third chapter suggests some methods for evaluating investment and risk analysis.

The aim of this paper is the application of the multi criteria decision making theory in collective investment. The theoretical part of paper describes the financial and capital market, collective investment and its history, association for capital market AKAT, multi-criteria decision making methods and basic portfolio theory. The practical application of the theory is application of multi criteria decision making methods to real data in two phases: the effective alternatives selection and multiple objective programming portfolio selection for different investor types.

This work concerns the problems of the schemes of Czech collective investment. The aim of this diploma work is to compare two established groups of selected mutual funds in terms of their performance, and taking into account the risk and expenses or fee intensity of these funds. The first part of the diploma work describes the nature of the collective investment in the Czech Republic, its development and current status of this sector. The second part describes the basic methods and indicators of measuring the funds performance. The last section is directly focused on the analysis of the selected groups' efficiency of mutual funds. The first group concentrates on the maximum return on investment whereas the second one focuses on their safety. This work gives a better understanding of the collective investment market and helps the investor to select the appropriate mutual fund.

A high concentration of automotive industry in the Czech economy and its dependence on exports to Germany could be compared to a poorly diversified investment portfolio. At the time when the manual-labor-intensive industries move to countries with a lower labor costs and even stable German economy is losing pace of growth, it is necessary to consider how to support the competitiveness of the Czech economy and ensure sustainable economic growth. The work deals with the question whether a greater focus on the financial sector and with a strong collective investment market may be a possible solution. Author seeks to find the answer thru analysis of this industry and its impact on the domestic economy of the countries with the largest collective investment fund market. The analysis did not prove the initial assumption that the intensive development of the collective investment market in the country will significantly help to grow HPD. However, given the strong correlation between the volume of assets under management and HPD some kind of connection cannot be excluded. A multiplying effect on the other industries is only average, on the other hand the analysis of the competitiveness indicators showed the strength of the industry.

Thesis deals with the collective investment in the Czech Republic and Austria. The first part describes the collective investment in general, advantages and disadvantages, subjects and risks associated with this form of investment. Thesis also deals with current regulatory issues of investment funds in the European Union. Next two parts are focused on the history, subjects and legal framework of the collective investment in each country. Final part compares both countries and presents the process of selecting a suitable fund with the focus on the final return for individual investor.

The diploma thesis deals with the investment of small investors in collective investment funds and the recommendation of a suitable investment fund for a given investor. The theoretical part is devoted to general investment concepts with a focus on collective investment funds and evaluation of their return, risk and liquidity. The practical part is devoted to the selection, analysis and comparison of funds. The design part contains investment recommendations of a specific fund meeting the investment requirements of a specific investor.

The thesis discusses the collective investment. The first part deals with investment decisions and the level of risk inherent in investing entails. There are four types of formulated investing in real estate: purchase their own home, buy a property for rental, funds of qualified investors and real estate funds. Of which work deals with qualified investor funds and real estate funds, which describes the work in terms of investing in the Czech Republic. In the end, they are described three most famous Czech real estate funds, of which it is analyzed. The work is an analysis of financial assets invested in collective investment in the Czech Republic. The contribution of this work is to provide a comprehensive view of the assets placed in collective investment schemes.

Выпускная квалификационная работа (магистерская диссертация) посвящена исследованию паевых инвестиционных фондов. Предметом исследования является деятельность паевых инвестиционных фондов в Российской Федерации и проблемы их развития. Основной целью магистерской диссертации является углубленный анализ функционирования паевого инвестиционного фонда как института коллективного инвестирования на финансовом рынке, а также исследование современных проблем развития данного финансового института и путей их решения. В заключении изложены основные выводы, полученные в работе, и проведено соотнесение достигнутых результатов с целями и задачами работы, поставленными во введении. / The final qualifying work (master's thesis) is devoted to the study of mutual investment funds. The subject of the research is the activity of mutual investment funds in the Russian Federation and the problems of their development. The main goal of the master's thesis is an in-depth analysis of the functioning of a mutual investment fund as an institution for collective investment in the financial market, as well as a study of contemporary problems of development of this financial institution and ways to solve them. In the conclusion, the main conclusions obtained in the work are presented, and the results achieved are compared with the goals and objectives of the work set out in the introduction.

The Master thesis "Performance analysis of selected collective investment funds" is focused on development of collective investment and gives readers the general overview of the current situation of collective investment funds in the capital market of the Czech Republic. The initial description of the theoretical, historical and legislative development of this specific form of investment is followed by two primary parts of this thesis. The first part analyzes the impact of the global financial crisis on the Czech Republic's market of collective investment and the subsequent economic development. Second and also the fundamental part of this thesis focuses on the examination and comparison of the performance of selected funds operating in the Czech Republic.

The main goal of the thesis Taxation of Investment Funds"is to describe the taxation of investment funds in the Czech Republic and to evaluate the changes proposed by CVCA and AKAT in the field of taxation of private equity funds. To achieve this goal an analysis of the current system of taxation of investment funds in the Czech Republic, proposed changes and deductions was used. The partial objectives are: describe possibilities for investing in funds, define the functioning of private equity in the Czech Republic, analyse the dependence of private equity investments on selected macroeconomic indicators, and describe the taxation of investment funds in Luxembourg and define how the PE fund taxation is disadvantageous to direct investment. In order to meet the partial objectives, the analysis of the private equity investment system, the correlation analysis of selected macroeconomic indicators and investments in private equity funds, and a description of the method of taxation of private equity funds in Luxembourg will be used. In general, when designing changes in the taxation of private equity funds, it would be advisable to draw inspiration from already established workable systems in other countries, such as Luxembourg.