Μελέτη της δομής των αμοιβαίων κεφαλαίων και των αποδόσεων των ελληνικών Α.Ε.Δ.Α.Κ.
Structure and performance evaluation of mutual funds in Greece
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Subject
Αμοιβαία κεφάλαια -- Στατιστική ανάλυση ; Αμοιβαία κεφάλαια -- Ελλάδα ; Επενδύσεις κεφαλαίουAbstract
Mutual Funds offer satisfactory investment choices for investors, because they accumulate many advantages. That is why, numerous researchers, have tried to develop methodologies that permit the appraisal as well as the measurement of performance of this kind of funds. Within this context, the current work analyses the data of the mutual funds that run business in Greece. More particularly, all Greek mutual funds are appraised, for the period 2009-2010, by applying the well-known indices of Sharpe and Treynor. Our results suggest that mutual funds which invest in shares of domestic companies are more risky and less profitable than the corresponding funds that invest abroad.