Mutual Fund Performance in Slovenia: An Analysis of Mutual Funds with Investment Policies in Europe and the Energy Sector

• Authors: Tanja Hribernik , Uroš Vek
• Languages of publication: EN

Abstracts

EN

This paper examines the risk and return performance of mutual funds in Slovenia from 2005 until August 2009. The research is limited to the regional investment policies in Europe and the energy sector. Using monthly returns, we analyzed different risk-adjusted measures such as: the Treynor ratio, the Sortino ratio and the Information ratio. We also studied selections and timing ability using the Treynor-Mazuy model. The risk and return performance of mutual funds in the Slovenian market does not deviate from those in developed markets. We also found out that the selection ability of fund managers is better than market timing and that the findings of this paper are in accordance with other international studies.

Keywords

EN

mutual funds; investment policy; risk adjusted measures; Slovenia; Europe

• Publisher: Sciendo
• Journal: South East European Journal of Economics and Business
• Year: 2011
• Volume: 6
• Issue: 1
• Pages: 61-69

Dates

published

2011-04-01

online

2011-06-03

Contributors

author

Tanja Hribernik

• Faculty of Business and Economics, University of Maribor

author

Uroš Vek

• KBM Infond d.o.o., Asset Managment Company - Group Nova KBM

References

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Identifiers

DOI

10.2478/v10033-011-0006-y