Efektywność wybranych funduszy akcyjnych w latach 2005–2007
Efficiency of the Selected Investment Funds in the Span of 2005–2007
Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, 2009, vol., nr 74, s. 39-61
Abstract
The first investment fund in Poland was founded in 1992, and the significant development has been observed since that time. Investigation of the 20 open-end investment funds efficiency in years 2005–2007 is the aim of the research. The research is provided for the logarithmic rates of return applying: Sharpe index, Treynor ratio, and Jensen index. The ranking of analyzed investment funds was made for every year of investigation and for the whole 3-year period