The Efficiency of Active Asset Allocation Funds in the Period of Instability at Financial Markets

• Authors: Wojciech Krawiec
• Languages of publication: EN

Abstracts

EN

The objective of the hereby paper is the assessment of domestic active asset allocation funds efficiency in the period of 2007-2012, including the comparison of earned return rates against the return rates obtained by other mixed funds, as well as WIG and WIG20 stock exchange indices. Additionally, the purpose of the paper is to analyse the investment policy applied by the above listed funds, carried out based on records included in adequate information prospectuses, and also having considered the investment portfolio compositions presented in annual and 6-month financial reports covering these funds. The assessment of applied investment strategies efficiency is performed based on 12-, 24-, 36-, 48- and 60- month return rates set at the end of 6-month reporting periods. The analysis covered only domestic open-end active asset allocation investment funds included in this group following the definition accepted by Analizy Online investing assets in financial instruments issued by entities, officially seated in Poland or outside Poland and valuating participation units in PLN, which have been operating for at least 24 months from the day of 30th June 2012.

Keywords

EN

active asset allocation funds; investment policy; efficiency

• Publisher: Sciendo
• Journal: Folia Oeconomica Stetinensia
• Year: 2012
• Volume: 12
• Issue: 2
• Pages: 147-159

Dates

published

2012-12-01

online

2013-07-30

Contributors

author

Wojciech Krawiec

• Wrocław University of Economics Department of Finance and Accounting Nowowiejska 3, 58-500 Jelenia Góra, Poland

References

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Identifiers

DOI

10.2478/v10031-012-0028-3