Efektywność funduszy surowcowych w Polsce w okresie hossy i bessy
The Efficiency of Commodity Funds in Bull and Bear Market
Author(s): Agnieszka Moskal, Danuta ZawadzkaSubject(s): Business Economy / Management, Evaluation research, Financial Markets
Published by: Wydawnictwo Naukowe Uniwersytetu Marii Curie-Sklodowskiej
Keywords: investment funds; commodity funds; efficiency; bull and bear market;
Summary/Abstract: The purpose of this article is to examine the effectiveness of investment funds in the case of bull and bear market on the example of commodity funds. We highlighted 5 periods of decline and 4 periods of bull market in 2008–2016. The study included 10 commodity funds in Poland. The results show that the commodity fund managers were not able to avoid negative rates of return during periods of downturn and did not provide positive rates of return in bull markets.
Journal: Annales Universitatis Mariae Curie-Skłodowska, Sectio H Oeconomia
- Issue Year: LI/2017
- Issue No: 6
- Page Range: 233-241
- Page Count: 9
- Language: Polish