Aktiefonder: Ett lönsamt investeringsalternativ?
Independent thesis Advanced level (degree of Magister)Student thesisAlternative title
Mutual fund : A profitable investment? (English)
Background: Mutual funds have become an important part of the Swedish deposit market. Savings in mutual funds add up to almost 20 percent of the households'assets. When the pension reform is carried out all employees are going to have savings both in mutual and bond funds. But only if the fund overperforms the market it is worth investing.
Purpose: The purpose of this study is to explore if Swedish mutual funds have generated higher returns than market portfolio in the late nineties.
Research method: Returns of the mutual funds have been examined by four different measures. These are return on investment, the Sharpe ratio, the Treynor ratio and Jensens alpha.
Results: According to the results from my study only one mutual fund has performed better than the market on the average. Some funds had higher return than expected under some years but no extraordinary performance was found. Even lower return than expected was found in some mutual funds.
Place, publisher, year, edition, pages
Ekonomiska institutionen , 2000. , 78 p.
Master Thesis in Business Administration (Magisteruppsats från Ekonomprogrammet), 2000:36
Business and economics, Mutual fund, return on investment, portfolio, risk, Rolf Ekdahl
Economics and Business
IdentifiersURN: urn:nbn:se:liu:diva-718OAI: oai:DiVA.org:liu-718DiVA: diva2:22238