Μελετώντας τον ανταγωνισμό μεταξύ των αμοιβαίων κεφαλαίων
Studying the competition among mutual funds
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Subject
Αμοιβαία κεφάλαια ; Mutual funds ; Competition ; ΑνταγωνισμόςAbstract
The aim of this work is to study the models that have been proposed by the literature to
search the way that fund managers compete with each other. This dissertation analyzes
some models from previous studies and proposes new statistical methods to estimate the
strategies that managers employ in order to outperform their competitors. If the investment
strategy of a particular manager is based in the strategies of his opponents, a subsequent
result will be to change these strategies in terms of the risk and the frequency that the
strategies are changed until the market go to the balance point. The main goal of this study
is to make a literature review and then new statistical measures will be proposed to test if
the tournament hypothesis holds for growth and income mutual fund of USA market.
Finally the study will show how the results of the statistical evidence change when different
methodologies are used to test the tournament hypothesis.
Postgraduate Studies Programme
Χρηματοοικονομική και Τραπεζική με κατεύθυνση στην Χρηματοοικονομική και Τραπεζική ΔιοικητικήDepartment
Σχολή Χρηματοοικονομικής και Στατιστικής. Τμήμα Χρηματοοικονομικής και Τραπεζικής ΔιοικητικήςNumber of pages
71Language
Greek
Except where otherwise noted, this item's license is described as
Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές
Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές