PL EN


2008 | 2(38) | 103-112
Article title

MEASUREMENT OF ACTIVITY EFFECTIVENESS OF OPEN-END EQUITY FUNDS

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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
  • 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
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