Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

PL EN


2008 | 2(38) | 103-112

Article title

MEASUREMENT OF ACTIVITY EFFECTIVENESS OF OPEN-END EQUITY FUNDS

Authors

Title variants

Languages of publication

PL

Abstracts

EN
Treynor, Sharpe and Jensen's ratios are considered to be classic measurements used to analyze open-end equity funds. They are widely used in investment practice and in preparation of ranking of their effectiveness. If investment funds reach approximate rates of return, the measurements which include risks should be the criterion based on which the investors should make their decisions. Normal rate of return does not constitute an adequate measurement of activity effectiveness of open-end equity funds. It is so because its level depends more on the portfolio risk and the prevalent market tendency than on ability to manage the fund efficiently.

Keywords

Year

Issue

Pages

103-112

Physical description

Document type

ARTICLE

Contributors

author
  • P. Jamroz, Uniwersytet w Bialymstoku, Wydzial Ekonomii i Zarzadzania, ul. Warszawska 63, 15-062 Bialystok, Poland

References

Document Type

Publication order reference

Identifiers

CEJSH db identifier
08PLAAAA05039573

YADDA identifier

bwmeta1.element.22e41f76-defc-32a4-90fa-a332eebc96ef
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.