Macroeconomic factors determining the profitability of the securities portfolio of mutual funds

The article is devoted to the analysis of the mechanisms of influence of macroeconomic factors on the profitability of mutual investment funds (MUIFs) in the context of a changing economic environment (in particular, in conditions of geopolitical crises). The channels of influence of GNP indicators, inflation, interest rates and exchange rates, as well as the factor of political stability on the profitability of mutual funds are considered, and a methodology for predicting the profitability of mutual funds taking into account the influence of the IEF is disclosed. The analysis examines the profitability of popular mutual funds over the time period 2019-2023, with special attention paid to the impact of the Covid-19 pandemic on the economy. Mutual funds are primarily considered when forming a portfolio that adhere to the policy of investing 80% of funds in the same type of assets. The research methodology is based on general scientific methods of logical and comparative analysis, as well as case analysis methods.