PL EN


2006 | 53 | 5 | 389-407
Article title

A comparative analysis of Hungarian money-market funds.

Title variants
Languages of publication
HU
Abstracts
EN
Money market funds, as their name indicates, were invested originally on the money market, in short term deposits or other financial instruments with equivalent types of interest, so that the interest risk 'should' be minimal. However, sizeable falls in the prices of these funds too have resulted from the series of interest rate rises since the autumn of 2003, so that they have come to resemble short term bond funds, rather than money market funds. The analysis compares the interest risk assumed by the forint based money market funds and the performance attained in the period between January 1, 2003 and October 5, 2005. It is found that the interest risk of the money market funds shows a very wide dispersion, with some varying over time as well, and others whose scale of risk means they cannot be classed as money market funds at all. There is also a significant spread found in the performance of certain funds compared with the reference portfolio.
Year
Volume
53
Issue
5
Pages
389-407
Physical description
Document type
ARTICLE
Contributors
author
author
  • M. Radnai, no address given, contact the journal editor
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
07HUAAAA02986119
YADDA identifier
bwmeta1.element.6cbd9afe-9448-3f31-be52-332067bcf548
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