Ocena efektywności nowych i pozostałych funduszy inwestycyjnych akcji polskich w latach 2000–2012
Evaluation of efficiency of new Polish equity investment funds in comparison to the other investment funds in the period 2000–2012

Summary/Abstract: The main goal of the article is the evaluation of efficiency of Polish equity investment funds including newly raised funds and other domestic equity investment funds. The results of the research give new evidence that there is an anomaly on the Polish equity investment funds market. Over 60% of all newly raised funds (from the group of Polish equity investment funds) were effective in relation to the benchmark during the first 12 months of their business. Moreover over 64% of these founds achieved the highest results on the Polish equity investment funds market, that means their performance was better than performance of other Polish equity investment funds in the same period. It is also interesting that 100% of efficient new Polish equity investment funds were in the first top five in terms of performance. It is difficult to clearly define the cause of this phenomenon, that is why it needs further study.

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