IRANIAN EQUITY FUNDS PERFORMANCE APPRAISAL

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SAEEDI ALI; MOGHADASIAN IMAN

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Journal: JOURNAL OF SECURITIES EXCHANGE Year:2010 | Volume:3 | Issue:9 Page(s): 5-24

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Information Journal Paper

Title

IRANIAN EQUITY FUNDS PERFORMANCE APPRAISAL

Author(s)

SAEEDI ALI | MOGHADASIAN IMAN | Issue Writer Certificate

Keywords

MUTUAL FUNDQ2

MUTUAL FUNDS APPRAISAL MEASURESQ3

RISK ADJUSTED RETURNQ3

Abstract

MUTUAL FUNDs are one of the most important financial institutions which play an undeniable role in transferring excess funds toward companies.In Iran, for the first time and under the Provisions of the securities market act (ratified in 2005), MUTUAL FUNDs were established, launched and introduced to capital market realm since March 2008.The main objective of this study is to provide empirical finding to answer this question that whether performance of MUTUAL FUNDs is good enough in comparison with market return or not.Risk-adjusted performance measures which were applied in this research are: sharp ratio, Jensen's alpha, Treynor ratio and Sortino ratio for the period of March 2008 up to the July 2010.In accordance with the findings of the research, with ANOVA, there is not significant difference between risk-adjusted performance measures of MUTUAL FUNDs and the market return. Also, based on the Sharp ratio, Treynor ratio and Sortino ratio, there is no significant difference between the performances of MUTUAL FUNDs and the market return. But, Jensen's alpha didn’t refuse existence of any significant difference between different MUTUAL FUNDs.

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APA: Copy

SAEEDI, ALI, & MOGHADASIAN, IMAN. (2010). IRANIAN EQUITY FUNDS PERFORMANCE APPRAISAL. JOURNAL OF SECURITIES EXCHANGE, 3(9), 5-24. SID. https://sid.ir/paper/187736/en

Vancouver: Copy

SAEEDI ALI, MOGHADASIAN IMAN. IRANIAN EQUITY FUNDS PERFORMANCE APPRAISAL. JOURNAL OF SECURITIES EXCHANGE[Internet]. 2010;3(9):5-24. Available from: https://sid.ir/paper/187736/en

IEEE: Copy

ALI SAEEDI, and IMAN MOGHADASIAN, “IRANIAN EQUITY FUNDS PERFORMANCE APPRAISAL,” JOURNAL OF SECURITIES EXCHANGE, vol. 3, no. 9, pp. 5–24, 2010, [Online]. Available: https://sid.ir/paper/187736/en

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