MEASUREMENT OF ACTIVITY EFFECTIVENESS OF OPEN-END EQUITY FUNDS

• Authors: Jamroz P.
• 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

EN

OPEN-END EQUITY FUNDS

Discipline

• ECONOMICS: ECONOMICS

• Journal: Optimum. Studia Ekonomiczne
• Year: 2008
• Issue: 2(38)
• Pages: 103-112
• Document type: ARTICLE

Contributors

author

Jamroz P.

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

Identifiers

CEJSH db identifier

08PLAAAA05039573