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

• Authors: Krauze K. , Krauze A.
• 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.

Keywords

EN

INVESTMENT FUNDS' PROFITABILITY EVALUATION

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Główny Urząd Statystyczny
• Journal: Przegląd Statystyczny
• Year: 2008
• Volume: 55
• Issue: 4
• Pages: 90-102
• Document type: ARTICLE

Contributors

author

Krauze K.

author

Krauze A.

• Akademia Morska w Gdyni, ul. Morska 83, 81-225 Gdynia, Poland

• K. Krauze, Akademia Morska w Gdyni, ul. Morska 83, 81-225 Gdynia, Poland

Identifiers

CEJSH db identifier

09PLAAAA055121