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Die Performance deutscher Aktienfonds: Lassen sich Selektions- und Timingfähigkeiten nachweisen und hat die Wahl des Performancemaßes einen Einfluss auf die Beurteilung?
Rottmann, Horst; Franz, Thomas - University of Applied Sciences Amberg-Weiden (OTH) - 2008
Neben den klassischen Performancemaßen, wie der Sharpe-Ratio, der Treynor-Ratio und dem Jensen-Alpha wurden in den letzten Jahrzehnten weiterführende Ansätze für die Analyse und Bewertung von Kapitalanlagen entwickelt. Die moderneren Performancemaße verlangen keine Konstanz der Risikomaße...
Persistent link: https://www.econbiz.de/10010985208
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A capital markets union without capital(ists)?
Holzmann, Robert - 2024
With the capital markets union (CMU), the European Union embarked on one of its yet most ambitious and potentially most relevant reform projects. However, the huge potential for the European economy by a genuine CMU has not yet been realized. The key reason for this is that an important...
Persistent link: https://www.econbiz.de/10015117615
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Rapid Trading bei deutschen Aktienfonds: Evidenz aus einer großen deutschen Fondsgesellschaft
Fang, Jieyan; Ruenzi, Stefan - Institut für Finanzmarktforschung, Wirtschafts- und … - 2009
Rapid Trading, d.h. der kurzfristige Kauf und Verkauf von Fondsanteilen durch Fondsinvestoren, steht im Widerspruch zur Fondskonzeption, wonach Fonds Instrumente zum langfristigen Vermögensaufbau darstellen, und kann zu negativen Auswirkungen auf die Performance führen. Wir verwenden Daten...
Persistent link: https://www.econbiz.de/10008684982
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Shifts in the portfolio holdings of euro area investors in the midst of COVID-19: Looking-through investment funds
Carvalho, Daniel; Schmitz, Martin - 2021
-through" holdings of investment fund shares to first gauge euro area investors' full exposures to global debt securities and listed …
Persistent link: https://www.econbiz.de/10012515447
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Passive investment strategies and financial bubbles
Fischer, Thomas - 2012
.g., an Exchange Traded Fund replicating a broad index) or an actively managed fund is presented. The model proposes that the …
Persistent link: https://www.econbiz.de/10010323727
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Incentive Contracts and Hedge Fund Management: A Numerical Evaluation Procedure
Jackwerth, Jens Carsten; Hodder, James E. - 2003
The behavior of a hedge-fund manager naturally depends on her compensation scheme, her preferences, and constraints on … manager to voluntarily shutdown the fund as well as enhancing the fund's Sharpe Ratio through additional effort. Both these …
Persistent link: https://www.econbiz.de/10010323933
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Investing into microfinance investment funds
Janda, Karel; Svárovská, Barbora - 2009
This paper investigates investment performance of microfinance investment funds. The examined funds have recorded lower total risk than global stocks and bonds (measured by four benchmark indices) with moderate but stable returns. The analysis revealed that investment in microfinance investment...
Persistent link: https://www.econbiz.de/10010322191
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Ethical vs. non-ethical - is there a difference? Analyzing performance of ethical and non-ethical investment fund
Lundberg, Linnéa; Novák, Jiří; Vikman, Maria - 2009
Ethical investments have become increasingly popular over the past years. Ethical funds restrict their investment based on environmental, social and/or ethical criteria. Prior research on the performance of ethical versus non-ethical funds yields mixed results. This paper investigates the...
Persistent link: https://www.econbiz.de/10010322203
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Imperfect predictability and mutual fund dynamics. How managers use predictors in changing systematic risk.
Amisano, Gianni; Savona, Roberto - 2008
Suppose a fund manager uses predictors in changing port-folio allocations over time. How does predictability translate … information. In doing this, we impose a structure on fund returns, betas, and bench-mark returns that help to analyse how managers … is offset by the leverage effect, which in turn leads to an increase in mutual fund extra performance. …
Persistent link: https://www.econbiz.de/10011604927
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Macro econometric models to predict the NAV of an asset allocation fund, VWELX
Lawrence, Kenneth D.; Kleinman, Gary; Lawrence, Sheila M.; … - In: Advances in business and management forecasting 9 (2013), pp. 115-133
Persistent link: https://www.econbiz.de/10010147157