Μέτρηση των επιδόσεων των ελληνικών εταιριών διαχείρισης αμοιβαίων κεφαλαίων

Master Thesis
Author
Χαραλαμπίδη, Ελένη Ε.
Date
2007-05-23View/ Open
Subject
Διατριβές ; Αμοιβαία κεφάλαια -- ΕλλάδαAbstract
Mutual Fund Companies have as mission to manage efficiently the amounts of money that people invest to risky financial products. But, how much efficiently do these companies work in practice? The Financial Theory has developed assessment methods – such as the criteria Sharpe, Treynor and Jensen- which seem to lead to safe evaluations. Within the framework of the current dissertation, these methods have applied to a sample of data of Greek Mutual Fund Companies, in order to assess the effectiveness of their management. The results suggest that Mutual Funds produce inferior returns than a simple investment strategy of investing in the General Index. Numerous other studies have addressed the same subject for the Greek as well as other stock markets and have presented similar results.