Pomiar wyników oraz ryzyka polskich funduszy inwestycyjnych
The measurement of performance and risk of Polish mutual funds

Summary/Abstract: The aim of the paper is to preliminarily evaluate the performance ofmutual funds operated in Poland in the 2000–2015 period. Using a large studysample, consisted of 221 domestic funds, an author analyzed mutual fund returnsobtained among three segments: equity, mixed and bond. By means of classicmeasures of returns as well as popular measures of risk, there was possible toexamine if Polish mutual funds possess the ability to outperform. There was observedthat funds had obtained worse mean returns than appropriate benchmark,in general. However, the results in most cases were statistically insignificant.A higher risk level in funds corresponds with an increased equity holding.

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