On the Average Return Rate for a Group of Investment Funds

• Authors: Gajek, Lesław , Kaluszka, Marek

Abstracts

EN

Supported by the KBN. Grant No. 11102B 018 14.

EN

In the paper a new definition of the average return rate for a group of investment (or pension) funds is proposed. The definition is derived via integration of the financial results of the group of funds during a given period of time. It satisfies a set of postulates which every coherent definition is supposed to fulfil contrary to the definition which is used in the Polish law of August 1997 on Organisation and Operation of Pension Funds. A very simple formula for the average return rate is available provided that the fund’s shares are stable in time

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Acta Universitatis Lodziensis. Folia Oeconomica
• Year: 2000
• Volume: 152

Dates

published

2000

Contributors

author

Gajek, Lesław

author

Kaluszka, Marek

other

Technical University of Łódź, Institute of Mathematics

Identifiers

URI

http://hdl.handle.net/11089/19373