LOSS AS A BASIS FOR ASSESSING THE INVESTMENT EFFECTIVENESS OF OPEN-END EQUITY AND BALANCED INVESTMENT FUNDS Cover Image

STRATA JAKO PODSTAWA OCENY EFEKTYWNOŚCI INWESTYCYJNEJ FIO AKCJI I ZRÓWNOWAŻONYCH
LOSS AS A BASIS FOR ASSESSING THE INVESTMENT EFFECTIVENESS OF OPEN-END EQUITY AND BALANCED INVESTMENT FUNDS

Author(s): Andrzej Karpio, Dorota Żebrowska-Suchodolska
Subject(s): Economy, Financial Markets
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: open-end mutual fund; risk; capital drawdown; investment effectiveness coefficient;

Summary/Abstract: In the study, the profit and loss indicators were used to create the rankings of open investment funds equity and balanced open-end mutual funds. The applied methods, Calmar, Sterling and Burke’s indicators, apply the indicators of losses instead of standard risk measures, i.e. standard deviation and beta coefficient. This allows, as part of the assessment of funds, to include the conventional understanding of risk by customers. The analysis covers the period from 2003 to 2012, which was further divided into two sub-periods: 2003-2007 and 2007-2012.

  • Issue Year: XV/2014
  • Issue No: 3
  • Page Range: 99-110
  • Page Count: 12
  • Language: Polish
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