<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml"><p>This paper examines the risk and return performance of mutual funds in Slovenia from 2005 until August 2009. The research is limited to the regional investment policies in Europe and the energy sector. Using monthly returns, we analyzed different risk-adjusted measures such as: the Treynor ratio, the Sortino ratio and the Information ratio. We also studied selections and timing ability using the Treynor-Mazuy model. The risk and return performance of mutual funds in the Slovenian market does not deviate from those in developed markets. We also found out that the selection ability of fund managers is better than market timing and that the findings of this paper are in accordance with other international studies.</p></abstract>

This paper examines the risk and return performance of mutual funds in Slovenia from 2005 until August 2009. The research is limited to the regional investment policies in Europe and the energy sector. Using monthly returns, we analyzed different risk-adjusted measures such as: the Treynor ratio, the Sortino ratio and the Information ratio. We also studied selections and timing ability using the Treynor-Mazuy model. The risk and return performance of mutual funds in the Slovenian market does not deviate from those in developed markets. We also found out that the selection ability of fund managers is better than market timing and that the findings of this paper are in accordance with other international studies.

Mutual Fund Performance in Slovenia: An Analysis of Mutual Funds with Investment Policies in Europe and the Energy Sector

Faculty of Business and Economics, University of Maribor

KBM Infond d.o.o., Asset Managment Company - Group Nova KBM

South East European Journal of Economics and Business

This paper examines the risk and return performance of mutual funds in Slovenia from 2005 until August 2009. The research is limited to the regional investment...

Mutual Fund Performance in Slovenia: An Analysis of Mutual Funds with Investment Policies in Europe and the Energy Sector

Data publikacji: 03 cze 2011

Zakres stron: 61 - 69

DOI: https://doi.org/10.2478/v10033-011-0006-y

Słowa kluczowe
mutual funds, investment policy, risk adjusted measures, Slovenia, Europe

This content is open access.

Mutual Fund Performance in Slovenia: An Analysis of Mutual Funds with Investment Policies in Europe and the Energy Sector

Data publikacji: 03 cze 2011

Zakres stron: 61 - 69

DOI: https://doi.org/10.2478/v10033-011-0006-y

Słowa kluczowemutual funds, investment policy, risk adjusted measures, Slovenia, Europe

This content is open access.

Słowa kluczowe
mutual funds, investment policy, risk adjusted measures, Slovenia, Europe