<abstract xmlns="http://www.w3.org/1999/xhtml"><p> Purpose - the aim of the article was an analysis of the returns of universal Polish equity investment funds before and after the change of portfolio managers. The article deals with the following research problem: how the replacement of investment fund managers impacts the results of Polish equity funds. Methodology - the research methodology which used the indexes of relative strength allows determining the abnormal returns of funds in relation to the WIG Index before and after the change of managers. Findings - the analyses showed negative abnormal returns before changing managers and ambiguous tendencies after the change of managers. Originality - this kind of study has not been conducted for the Polish capital market so far.</p></abstract>

Purpose - the aim of the article was an analysis of the returns of universal Polish equity investment funds before and after the change of portfolio managers. The article deals with the following research problem: how the replacement of investment fund managers impacts the results of Polish equity funds. Methodology - the research methodology which used the indexes of relative strength allows determining the abnormal returns of funds in relation to the WIG Index before and after the change of managers. Findings - the analyses showed negative abnormal returns before changing managers and ambiguous tendencies after the change of managers. Originality - this kind of study has not been conducted for the Polish capital market so far.

Impact of Fund Managers Changes on Polish Equity Funds Performance

Folia Oeconomica Stetinensia

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International Public License.

{"article-title":"Impact of Fund Managers Changes on Polish Equity Funds Performance"}

Purpose - the aim of the article was an analysis of the returns of universal Polish equity investment funds before and after the change of portfolio managers....

Impact of Fund Managers Changes on Polish Equity Funds Performance

Data publikacji: 16 cze 2017

Zakres stron: 97 - 108

Otrzymano: 29 wrz 2016

Przyjęty: 21 mar 2017

DOI: https://doi.org/10.1515/foli-2017-0008

Słowa kluczowe
investment funds, portfolio management, relative strength

© University of Szczecin

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International Public License.

Impact of Fund Managers Changes on Polish Equity Funds Performance

Data publikacji: 16 cze 2017

Zakres stron: 97 - 108

Otrzymano: 29 wrz 2016

Przyjęty: 21 mar 2017

DOI: https://doi.org/10.1515/foli-2017-0008

Słowa kluczoweinvestment funds, portfolio management, relative strength

© University of Szczecin

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International Public License.

Słowa kluczowe
investment funds, portfolio management, relative strength