Efektywność wybranych funduszy inwestycyjnych rynku akcji w okresie hossy i bessy

• Authors: Paweł Jamróz

Title variants

EN

EFFICIENCY OF SELECTED OPEN-END MUTUAL FUNDS IN THE STOCK MARKET IN BULL AND BEAR PERIODS

• Languages of publication: PL

Abstracts

EN

The aim of the article is to evaluate the investment efficiency of stock market’s open-end mutual funds in bull and bear periods. The research was conducted using Sharpe, Treynor and Jensen's measures for 15 equity open-end mutual funds between January 2003 and December 2011. The ranking of funds for bull and bear periods at the Warsaw Stock Exchange was constructed on the basis of established ratios.

Keywords

EN

OPEN-END MUTUAL FUNDS; STOCK MARKET; SHARPE RATIO; SHARPE ALPHA; TREYNOR RATIO

• Journal: Optimum. Studia Ekonomiczne
• Year: 2012
• Issue: 6(60)
• Pages: 35-51

Contributors

author

Paweł Jamróz

• Uniwersytet w Białymstoku, Poland,