Stage 7 (b) - Evaluation of the effectiveness of the investment strategy
implementation. At the stage of evaluating the results of the investment strategy
implementation, an assessment should be made of the effectiveness of allocating
investment resources to the objects of investment, which involves comparison: the
level of risk with the profits received, the forecast income for each type of investment
with its actual value.
Stage 8. Control and monitoring of the investment strategy implementation. In
our view, control over the investment strategy implementation is an operational
intervention in the investment process and is aimed at the current reflection and
adjustment of the investment activity of the institute-investor in the financial market.
Thus, due to such control, deviations of the actual results of the investment strategy
implementation from the planned and analyzed causes of these deviations. Detected
negative deviations, if possible, are corrected by adopting coordinated management
decisions or eliminating the causes of their occurrence.
Monitoring the investment strategy implementation is a mechanism for
continuous monitoring of controlled indicators of investment activity, determining the
size of deviations of actual results from strategically determined and identifying the
causes of these deviations. It is precisely the organization that monitors the investment
strategy implementation, which contributes to the implementation of a continuous
process of control over the key indicators of investment, which in turn leads to an
increase in the efficiency of managing the investment activity of the institute-investor
in the financial market as a whole.
Stage 9. Adjustment of the investment strategy. In our view, in the conditions of
high volatility of the economic and political environment, changes in the general
strategy of the development of an institute-investor in the financial market may be
appropriate. Therefore, when changing the strategy of the institute and / or its basic
goals, changes are necessary to the investment strategy. The adjustment of the strategy
also leads to a decrease in the level of investment potential of the institute. Thus, the
adjustment of the investment strategy should include: the change of the financial
instruments' placement in accordance with the forecast situation in the economy;
reduction of the share or closing of the position by separate issuers or securities issues;
specifying the list of corporations in which it is expedient to invest in deposits.
Consequently, the process of formation of the investment strategy of the institute-
investor consists of many important interrelated and interdependent stages, each of
which is aimed at a certain final result of its investment activity in the financial market.
Thus, the investment strategy is chosen as the basis for the investment activity by
a certain institution of the financial market, which takes into account and determines
in the future the peculiarities of the formation and use of its investment potential.
Ensuring the effectiveness of the formation and implementation of the investment
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