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Actively managed mutual funds versus index funds: Risk-adjusted performance from an investor's perspective
University West, Department of Economics and IT, Divison of Law, Economics, Statistics and Politics.
University West, Department of Economics and IT, Divison of Law, Economics, Statistics and Politics.
2015 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

This paper examines the performance of 15 Swedish index stock funds and 30 Swedish actively managed mutual stock funds during the period 27th of March 1995 to 27th of March 2015, from and investor's perspective. Specifically we use Jensen's alpha and capital asset pricing model (CAPM) to examine fund performance. The result indicates that actively managed funds in Sweden do not outperform index funds, according to Jensen's alpha and beta. Actively managed funds are thus not worth their extra management fees and costs.

Place, publisher, year, edition, pages
2015. , 31 p.
Keyword [en]
Index Funds, Actively managed mutual funds, Investor´s perspective, Risk-adjusted performance, Retirement.
National Category
Economics
Identifiers
URN: urn:nbn:se:hv:diva-8162Local ID: NAX500OAI: oai:DiVA.org:hv-8162DiVA: diva2:854998
Subject / course
Nationalekonomi
Educational program
Mäklarekonom
Supervisors
Examiners
Available from: 2015-09-25 Created: 2015-09-18 Last updated: 2015-09-25Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
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  • de-DE
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  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
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  • Other locale
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