In January-February 2008 the analytical service of Expert-Rating RA has conducted the research of development of the market of joint investing institutes. 53 corporative and mutual funds of 26 asset management companies were covered by research. Only funds which share’s price data is routinely being published by their asset management company were included into rating. The effectiveness of fund management was appraised after comparison of yield and risk. The Sharp factor was the keyword parameter in effectiveness measurement. The main results of research are published in Expert Ukraine magazine, issue # 7 (152) February 18, 2008.