Transformation of joint investment institutions in the post-war period: challenges and opportunities for the economy of Ukraine

Abstract

It has been established that the demand for investment resources determines the relevance of this issue, the intensification of structural reforms, and Ukraine’s strategic course toward integration into the European financial space, which necessitates the adaptation of the regulatory framework, the improvement of asset management practices, and the development of innovative forms of collective investment. The purpose of the study is to identify the key drivers of transformation for collective investment institutions, determine the challenges that limit their effectiveness in post-war conditions, and outline opportunities to expand their contribution to national reconstruction and long-term economic resilience.

It has been established that the transformation of collective investment institutions in the post-war period will become a decisive factor in shaping the trajectory of Ukraine’s economic recovery, as the scale of reconstruction will require flexible, transparent, and effective mechanisms for capital mobilization. It is substantiated that the post-war socio-economic conditions will create both systemic constraints and new incentives for institutional modernization.

The results of the study indicate significant shifts in the institutional landscape of collective investment, particularly the reorientation of investment strategies toward reconstruction-related sectors, the strengthening of supervisory requirements, the greater integration of digital tools, and the diversification of financial instruments to attract domestic and foreign capital. The study demonstrates the growing importance of blended finance models, ESG-oriented investment principles, and cross-border cooperation, which collectively enhance investment institutions’ ability to operate under turbulent conditions. The conclusions confirm the necessity of further regulatory convergence with European standards, the expansion of market infrastructure, and the improvement of governance quality as prerequisites for strengthening the role of collective investment institutions in Ukraine’s economic recovery.