Ochnio E. Changes in the profitability of investment funds in Poland in the period 2005-2016
| Autor | Emil Ochnio |
| Tytuł | Changes in the profitability of investment funds in Poland in the period 2005-2016 |
| Title | Changes in the profitability of investment funds in Poland in the period 2005-2016 |
| Słowa kluczowe | |
| Key words | financial sector, investment funds, profitability |
| Abstrakt | |
| Abstract | The paper examines the rates of return of three main types of investment funds in the period of from 2005 to June 2016. The analysis covers 120 equity, 55 bond and 60 mixed funds and is based on data taken from www.bossa.pl, www.analizy.pl and www.izfa.pl. The results of analysis indicate that macroeconomic conditions significantly shape fund returns, though the impact is diversified by fund type. Better stock market conditions benefit equity and mixed funds, and the periods of economic slowdown are favorable for safer funds, including bond and money market funds. For the entire period, equity funds achieved the highest returns, but with the highest risk. The opposite situation concerned bond funds. The average returns of every type of fund were higher than deposit rates – more than 50% of the funds outgained them. |
| Cytowanie | Ochnio E. |
| HTML | wersja html |
| Pełny tekst | AMME_2017_n1_s59.pdf |
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Laskowska E. Inwestowanie na rynku gruntów rolnych w Polsce
| Autor | Elwira Laskowska |
| Tytuł | Inwestowanie na rynku gruntów rolnych w Polsce |
| Title | Investing In Agricultural Land Market In Poland |
| Słowa kluczowe | rynek nieruchomości, grunty rolne, popyt, podaż, opłacalność inwestycji |
| Key words | market of estate, rural lands, demand, supply, profitability of investment |
| Abstrakt | Celem badań jest określenie specyfiki rynku gruntów rolnych oraz charakterystyka głównych determinantów podejmowania decyzji inwestycyjnych na tym rynku. Wyniki badań wykazały, że na rynku gruntów rolnych, w porównaniu z innymi segmentami rynku nieruchomości, niższy jest poziom stopy zwrotu mierzonej ilorazem rocznych dochodów z czynszów z tytułu dzierżawy do ceny gruntu. Pomimo tego, w ostatnich latach utrzymywał się popyt na grunty rolne oraz tendencja wzrostowa ich cen, czego nie notowano na rynkach innego rodzaju nieruchomości. Dowodzi to istnienia innych czynników niż uzyskiwanie dochodów z nieruchomości z tytułu dzierżawy, wpływających na podejmowanie decyzji inwestycyjnych na tym rynku. |
| Abstract | The aim of this study was an attempt to determine the specificity of the agricultural land market and the characteristics of the major determinants of investment decisions in this market. The obtained results showed that the agricultural land market is characterized by lower level of return on investment compared to other segments of the real estate market. Nevertheless, in recent years high demand for agricultural land and the upward trend in their prices have been continued, which was not recorded in the other real estate markets. This proves the existence of other factors, apart from getting income from real property under a lease, which affect investment decisions in this market. |
| Cytowanie | Laskowska E. (2011) Inwestowanie na rynku gruntów rolnych w Polsce .Roczniki Nauk Rolniczych, Seria G, t. 98, z. 3: 150-159 |
| HTML | wersja html |
| Pełny tekst | RNR_2011_n3_s150.pdf |
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