Porównanie efektywności inwestycyjnej FIO z wykorzystaniem information ratio i wskaźnika sortino. Miary efektywności i ryzyka otwartych funduszy inwes
The measures of effectiveness and risk for open-end mutual funds

Summary/Abstract: The work applies two measures of effectiveness, namely Information Ratio and Sor- tino coefficient, to analyze the performance of the open-end mutual funds. Authors takes in to account periods of bullish (2003-2007) and bearish (2007-2011) market. The main interest is concerned on equity mutual funds and balanced funds. Obtained results allow to show few funds which can be treated as leaders on the capital market. Their positions in created ranking are confirmed by two measures of effectiveness, but the results gained for the whole market of mutual funds seems not to be optimistic.

• Details
• Contents