Performance of Actively Managed Funds in Various Stages of Business Cycle
Performance of Actively Managed Funds in Various Stages of Business Cycle

Author(s): Tomáš Dráb
Subject(s): Business Economy / Management, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: active investments; passive investments; investment strategies; investment funds; financial markets;
Summary/Abstract: Discussion between advocates of active and passive investments has been going on for at least three decades. Broadly speaking, evidence in favor of passive investments against active investment strategies has grown very strong during that period bringing active investments almost on the edge of obscure methods. The aim of this paper is to contribute to mentioned discussion by submitting an analysis of performance of actively managed funds in various stages of business cycle with given benchmarks within particular time periods and on particular markets.

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