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Showing result 6 - 10 of 18 essays matching the above criteria.

  1. 6. SWEDISH MUTUAL EQUITY FUND PERFORMANCE - A COMPARATIVE STUDY OF SWEDISH FUNDS INVESTING IN SWEDEN & THE U.S.

    University essay from

    Author : Filip Jilsén; Mattias Juhlin; [2017-07-03]
    Keywords : Performance Evaluation; Mutual Equity funds; Actively Managed Funds; Risk-Adjustment Return; Sharpe Ratio; Treynor Ratio; Carhart Four-Factor Model; Swedish Fund Performance; U.S. Fund Performance;

    Abstract : The purpose of this thesis is to investigate the performance of Swedish mutual equity funds that primarily invest in either the Swedish or the U.S. market. Complementing prior research, we emphasis the relative performance differences between two markets and compare different portfolios with domestic indices. READ MORE

  3. 7. Unbundled costs of transactions and external research as characteristics of actively managed Swedish mutual funds

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Tim Floderus; Hemming Svensson; [2017]
    Keywords : mutual fund performance; MiFID II; sell-side research; unbundling; best execution;

    Abstract : Using a unique dataset of 85 actively managed Swedish mutual funds investing in the Swedish equity markets, we study fund characteristics regarding cost structures. We find that the highest spenders on external research are large cap funds not managed by banks. READ MORE

  4. 8. Are There Tournaments In Mutual Funds?

    University essay from Göteborgs universitet/Graduate School

    Author : Mavis Assibey-Yeboah; Xuyang Jiao; [2016-10-06]
    Keywords : Mutual fund tournaments; Relative return; Standard deviation ratio; Autocorrelation; Moving average; Four-factor model; Linear regression; Residual risk; Systematic risk; Sorting bias;

    Abstract : Evidence regarding the tournament hypothesis are mixed. In this thesis, we conduct the tournament analysis once more and nd that both monthly and daily data sets provide no proof of tournament behaviour. However, there were tournaments in monthly data using a di erent time period from the one selected for this work. READ MORE

  5. 9. Asset Allocation and a Low Interest Rate Environment

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Filip Holmström; William Lundgren; [2015]
    Keywords : Aggregated mutual fund flows; Risk-shifting; Search for yield; Monetary policy; Risk-taking channel;

    Abstract : This study analyses the effect of an expansionary monetary policy on risk-taking of investors in Sweden. By studying net money flows to mutual funds in Sweden we aim to provide an explanation to what variables affect investors' asset allocation decisions and how asset allocation changes in a low interest rate environment. READ MORE

  6. 10. Funds Management Fees - Do you get what you pay for?

    University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistik

    Author : Christoffer Magnusson; Matilda Leidefeldt; [2014-06-17]
    Keywords : Mutual funds; management fee; Carhart´s four factor model; risk-adjusted return; efficient market hypothesis; active management;

    Abstract : In this thesis, we study the relationship of 194 mutual funds’ management fees with respect to the funds’ risk-adjusted return, the alpha, derived from the four-factor model as defined by Carhart in 1997. This relationship has been investigated in two steps where the initial step consists of estimating the performance of the individual funds by applying the four-factor model. READ MORE