<abstract xmlns="http://www.w3.org/1999/xhtml"><p>This paper presents the results of a comparison of the rates of return on specific open-end debt investment funds in Poland with the rates of return on bank deposits, in light of different time horizons. A comparative analysis was conducted based on the quartiles of the empirical distributions of the rates of return on selected funds and bank deposits. The empirical distributions were obtained using a moving window of observation. The results were largely influenced by very high interest rates on bank deposits in Poland in the years 1995–2001 (in the case of the oldest funds), and by the boom in the bond market in the years 2011–2012 (for the youngest funds). The investment horizon turned out to be significant. The best and worst funds were identified.</p></abstract>

This paper presents the results of a comparison of the rates of return on specific open-end debt investment funds in Poland with the rates of return on bank deposits, in light of different time horizons. A comparative analysis was conducted based on the quartiles of the empirical distributions of the rates of return on selected funds and bank deposits. The empirical distributions were obtained using a moving window of observation. The results were largely influenced by very high interest rates on bank deposits in Poland in the years 1995–2001 (in the case of the oldest funds), and by the boom in the bond market in the years 2011–2012 (for the youngest funds). The investment horizon turned out to be significant. The best and worst funds were identified.

Rates of Return on Open-End Debt Investment Funds and Bank Deposits in Poland in the Years 1995–2015 – A Comparative Analysis

Wrocław University of Economics, Faculty of Economic Sciences, Department of Finance, Komandorska 118-120, 53-345 Wrocław,

Folia Oeconomica Stetinensia

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

This paper presents the results of a comparison of the rates of return on specific open-end debt investment funds in Poland with the rates of return on bank...

Rates of Return on Open-End Debt Investment Funds and Bank Deposits in Poland in the Years 1995–2015 – A Comparative Analysis

Data publikacji: 30 gru 2016

Zakres stron: 93 - 112

Otrzymano: 30 wrz 2015

Przyjęty: 22 cze 2016

DOI: https://doi.org/10.1515/foli-2016-0007

Słowa kluczowe
personal finance, comparative analysis, open-end investment funds, deposits

© 2016 University of Szczecin

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Rates of Return on Open-End Debt Investment Funds and Bank Deposits in Poland in the Years 1995–2015 – A Comparative Analysis

Data publikacji: 30 gru 2016

Zakres stron: 93 - 112

Otrzymano: 30 wrz 2015

Przyjęty: 22 cze 2016

DOI: https://doi.org/10.1515/foli-2016-0007

Słowa kluczowepersonal finance, comparative analysis, open-end investment funds, deposits

© 2016 University of Szczecin

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Słowa kluczowe
personal finance, comparative analysis, open-end investment funds, deposits