塞尔维亚共和国共同基金的投资组合绩效评价

IF 0.8 Q4 MANAGEMENT

Serbian Journal of Management Pub Date : 2020-01-01 DOI:10.5937/sjm15-21145

M. Lekovič, M. Jakšić, Dragana Gnjatović

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引用次数: 1

摘要

本文采用基于不同模型的各种建模方法，对2011-2015年塞尔维亚共和国开放式共同基金的表现进行了评估。本文的目的是研究共同基金积极投资组合管理的理论、方法和经验有效性，并评估塞尔维亚投资组合经理的选择和时机能力。实证研究结果表明，塞尔维亚共和国共同基金的积极投资组合管理在跑赢市场方面并没有取得成功。大多数塞尔维亚共同基金的投资组合经理缺乏选择盈利证券的能力，也没有市场择时能力。

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Portfolio performance evaluation of mutual funds in the Republic of Serbia

The paper evaluates the performance of open-end mutual funds in the Republic of Serbia in the period 2011-2015, using various modelling approaches based on different models. The aim of this paper is to examine the theoretical, methodological and empirical validity of active portfolio management of mutual funds and to assess the presence of selection and timing abilities of Serbian portfolio managers. The results of the empirical research show that the active portfolio management of mutual funds in the Republic of Serbia has not been successful in terms of outperforming the market. Portfolio managers of most Serbian mutual funds lack the ability to choose profitable securities and do not have market timing ability.

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来源期刊

Serbian Journal of Management MANAGEMENT-

CiteScore

1.40

自引率

14.30%

发文量

审稿时长

12 weeks

期刊介绍： Technical Faculty in Bor, University of Belgrade has started publishing the journal called Serbian Journal of Management during the year 2006. This journal is an international medium for the publication of work on the theory and practice of management science.