Return and risk analysis: a case study in equity mutual funds operating in the Greek financial market

2003 ◽  
Vol 29 (9) ◽  
pp. 21-28 ◽  
Author(s):  
John N. Sorros
Keyword(s):  
Risk Analysis ◽  
Mutual Funds ◽  
Financial Market ◽  
Equity Mutual Funds

scholarly journals Portfolio Optimization of Equity Mutual Funds—Malaysian Case Study

2010 ◽  
Vol 2010 ◽  
pp. 1-7 ◽  
Author(s):  
Adem Kılıçman ◽  
Jaisree Sivalingam
Keyword(s):  
Cluster Analysis ◽  
Mutual Funds ◽  
Financial Market ◽  
Asset Allocation ◽  
Fuzzy Numbers ◽  
Triangular Fuzzy Numbers ◽  
Return Rates ◽  
Confidence Levels ◽  
Equity Mutual Funds

We focus on the equity mutual funds offered by three Malaysian banks, namely Public Bank Berhad, CIMB, and Malayan Banking Berhad. The equity mutual funds or equity trust is grouped into four clusters based on their characteristics and categorized as inferior, stable, good performing, and aggressive funds based on their return rates, variance and treynor index. Based on the cluster analysis, the return rates and variance of clusters are represented as triangular fuzzy numbers in order to reflect the uncertainty of financial market. To find the optimal asset allocation in each cluster we develop a hybrid model of optimization and fuzzy based on return rates, variance. This was done by maximizing the fuzzy return for a tolerable fuzzy risk and minimizing the fuzzy risk for a desirable fuzzy return separately at different confidence levels.

scholarly journals Proxy advisory industry in India

2016 ◽  
Vol 13 (2) ◽  
pp. 371-378 ◽  
Author(s):  
Shanmugasundaram Subramanian
Keyword(s):  
Corporate Governance ◽  
Mutual Funds ◽  
Financial Market ◽  
Ownership Structure ◽  
Institutional Investors ◽  
Case Study Method ◽  
The Status ◽  
History Of ◽  
New Research

Proxy advisory firms play a significant role in shareholder voting and in the formulation of corporate governance policy. This paper analyses the status of budding proxy advisory industry in India using a case study method. The paper first traces the history of the global proxy advisory industry and also reviews the literature. Then we study the Indian Proxy Advisory Industry, which was born when the market regulator SEBI came out with a regulation in 2010 on “mutual funds” shareholding resolution voting policy. Quickly, three proxy advisory firms came to the market with differing ownership structure. Indian financial market offered great potential for investment through institutional investors. However the institutional investors in India are traditionally restrained them from taking activist role by voting on the shareholder meeting proposals. This poses a challenge to Indian proxy advisory firms along with other challenges typical of an emerging industry. The proxy advisory firms need to overcome the challenges to ensure their success. This pioneering work on Indian proxy advisory industry would open up new research ideas

scholarly journals Performance persistence of mutual funds: evidence from Bangladesh

2020 ◽  
Vol 11 (6) ◽  
pp. 1739
Author(s):  
Mohammad Abir Shahid Chowdhury ◽  
Zahid Ali ◽  
Muhammad Usman ◽  
Asad Ullah
Keyword(s):  
Mutual Funds ◽  
Financial Market ◽  
Mutual Fund ◽  
Stock Exchange ◽  
Parametric Models ◽  
Performance Persistence ◽  
Past Performance ◽  
Equity Mutual Funds ◽  
Long Run ◽  
Short Run

Purpose: Since 1990s, the discussion on whether mutual funds can perform better and persistently as compare to market has become an ongoing issue. Current research investigates the performance persistence of equity mutual funds’, particularly in the financial market of Bangladesh.Theoretical Framework: Different researchers have strived to examine the performance of mutual funds by using numerous performance indicators and risk adjustment techniques.Design/Methodology/Approach: The equity mutual funds data for this study are obtained from DSE (Dhaka Stock Exchange) database. The sample set includes all open-end mutual funds from 2010 to 2015. There is no mutual fund that has ceased trade or merged with other mutual funds during the study period.Originality/Value: Broad literature have been directed on the performance and persistence of mutual funds in the American markets, while some of the studies also centered on Australia, China, Hong Kong and U.K. financial markets. However, in the context of Bangladesh’s financial market, no identical research has been carried on the performance persistence of mutual funds.Findings: The results reveal that the managers of equity mutual funds have selective ability to obtain higher returns in Bangladesh. Moreover, the past performance of mutual funds has an impact on their future performance. The size of mutual funds doesn’t have any impact on their performance. The parametric and non-parametric models demonstrate that as compare to long run, equity mutual funds in Bangladesh could perform persistently in the short-run.

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