PL EN


2008 | 55 | 4 | 90-102
Article title

STRONG EFFECTIVENESS ANALYSIS OF SELECTED PIONEER'S OPEN INVESTMENT FUNDS CHARACTERISING BY DIFFERENT LEVEL OF RISK

Authors
Title variants
Languages of publication
PL
Abstracts
EN
In the paper an evaluation's attempt of strong effectiveness of three Pioneer's Open Investment Funds, characterizing by differentiated level of risk, i.e.: Stable Growth Fund, Balanced Growth Fund, Polish Shares Fund, is undertaken. In particular, the first differences of these funds' unit values and WIG20 index, as well as the average profitability of 52 weeks Treasury bill monthly series, relating to the period from January 2001 to May 2007, are used in the empirical studies. Various types of structural breaks, including outliers, observed in the considered time series, are taken into account in the analysis. The Sharpe, Jensen and Treynor-Mazuy models, the Sharpe, Jensen and Treynor ratios, and also some modifications of these tools were applied.
Year
Volume
55
Issue
4
Pages
90-102
Physical description
Document type
ARTICLE
Contributors
author
author
  • Akademia Morska w Gdyni, ul. Morska 83, 81-225 Gdynia, Poland
  • K. Krauze, Akademia Morska w Gdyni, ul. Morska 83, 81-225 Gdynia, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
09PLAAAA055121
YADDA identifier
bwmeta1.element.4c44deba-77a3-3ba3-8207-b6efa6d27f53
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