Mutual Funds

International Research daybook of Finance and Economics ISSN 1450-2887 Issue 13 (2008) © EuroJournals Publishing, Inc. 2008 http://www.eurojournals.com/finance.htm vernacular Fund military rating During Up and deck Market Conditions: The part of Greek honor shared Funds Eleni Thanou Associate dogma swain at the Hellenic unresolved University Graduate platform on Banking, 17, Promitheos str, 17564 Paleo Faliro E-mail: ethanou@otenet.gr Tel: 0030 210 9409467, +30 6945434388; facsimile: 210 925002 Abstract The evaluation of the executing of managed financial depots has attracted the interest of donnishs and enthronization industry participants alike. The majority of the books and observational studies focus on the US marketplace, while Greek Mutual Funds have certain less attention from the academic community. The intensive movements of the Greek stock market and the maturity of the MF area during the culture decade make fund carrying out analysis rather interesting. This reflect examines the risk adjusted general performance of 17 Greek Equity Mutual Funds amongst the years 1997 and 2005. We assess the performance of distributively fund based on the CAPM performance methodology, calculating the Treynor and peachy indexes for the nine year accomplishment as well as for three sub-periods displaying different market characteristics.

We then par the rankings obtained by the cardinal indexes and we find significant differences in rankings between up and blast market conditions. Lastly, we proceed to discerp the fund managers performance, distinguishing superior security excerpt ability and market quantify, victimization the step and quadratic Jensens performance measures. Our results indicate that the majority of the coin on a subvert floor examination followed well-nigh the market, achieved overall satisfactory variegation and both(prenominal) consistently outperformed the market, while the results in market timing are mixed, with intimately funds displaying negative market timing capabilities. Keywords: Mutual Fund;...If you stack to get a affluent essay, order it on our website: Orderessay

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