文章基本信息

标题：The Claim of Mutual Managers Of Having Efficient Portfolio Than Capital Market, Is It True?
本地全文：下载
作者：Bilal Nafees ; Salman Ahmad ; Sehrish Butt 等
期刊名称：Research Journal of Finance and Accounting
印刷版ISSN：2222-1697
出版年度：2012
卷号：3
期号：11
页码：83-94
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：This study is about evaluating the level of risk in the returns of mutual funds in Pakistan. This study inherits pioneer characteristics because risk analysis has been done through traditional risk measures such as standard deviation, beta and alpha along with ARCH and GARCH models. The capital market portfolio, closed end mutual funds index and open end mutual funds index has been analyzed. The results show that capital market portfolio is more risky than open end mutual fund index. The results determined from statistical measures and ARCH and GARCH also show that closed end funds are more risky than open end and capital market. Mangers need to be more proactive to select superior stocks to avoid volatility in returns.