PROVIDING CORRECT AMOUNT OF DIVERSIFICATION IN PORTFOLIO OF MUTUAL FUNDS WITH RESPECT TO THE IMPACT OF BEING SECTORAL ON THE RETURN AND RISK OF MUTUAL FUNDS

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SHAMS GHARNEH N.; SHAHLAIE S.

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Paper Information

Journal: JOURNAL OF ASSET MANAGEMENT AND FINANCING Year:2014 | Volume:1 | Issue:3 (3) Page(s): 67-79

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Title

PROVIDING CORRECT AMOUNT OF DIVERSIFICATION IN PORTFOLIO OF MUTUAL FUNDS WITH RESPECT TO THE IMPACT OF BEING SECTORAL ON THE RETURN AND RISK OF MUTUAL FUNDS

Author(s)

SHAMS GHARNEH N. | SHAHLAIE S. | Issue Writer Certificate

Keywords

MUTUAL FUNDSQ2

SECTOR FUNDSQ2

Abstract

Although appropriate diversification is one of the most important features of MUTUAL FUNDS, but nowadays financial markets are faced with funds that invest more in one or limited number of industries and therefore, by decreasing the costs and increasing the risk, offer higher returns to their customers. A precise and appropriate definition for SECTOR FUNDS and their function and purposes has not yet been presented in literature. In this paper we first classify active MUTUAL FUNDS in Iran financial market into four groups using a decision tree. Then by making fund of funds, we draw efficient frontiers for each group and show that return and risk increase as sectorial property increases. Next, by calculating volatility and beta for each group we show that sectorial property increase of risk and especially nonsystematic risk of the portfolio. Finally, to take the most advantage of sector investing, we suggests that there should be at least two industries in sector fund with more than twenty percent of the capital having invested in them.

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APA: Copy

SHAMS GHARNEH, N., & SHAHLAIE, S.. (2014). PROVIDING CORRECT AMOUNT OF DIVERSIFICATION IN PORTFOLIO OF MUTUAL FUNDS WITH RESPECT TO THE IMPACT OF BEING SECTORAL ON THE RETURN AND RISK OF MUTUAL FUNDS. JOURNAL OF ASSET MANAGEMENT AND FINANCING, 1(3 (3)), 67-79. SID. https://sid.ir/paper/245653/en

Vancouver: Copy

SHAMS GHARNEH N., SHAHLAIE S.. PROVIDING CORRECT AMOUNT OF DIVERSIFICATION IN PORTFOLIO OF MUTUAL FUNDS WITH RESPECT TO THE IMPACT OF BEING SECTORAL ON THE RETURN AND RISK OF MUTUAL FUNDS. JOURNAL OF ASSET MANAGEMENT AND FINANCING[Internet]. 2014;1(3 (3)):67-79. Available from: https://sid.ir/paper/245653/en

IEEE: Copy

N. SHAMS GHARNEH, and S. SHAHLAIE, “PROVIDING CORRECT AMOUNT OF DIVERSIFICATION IN PORTFOLIO OF MUTUAL FUNDS WITH RESPECT TO THE IMPACT OF BEING SECTORAL ON THE RETURN AND RISK OF MUTUAL FUNDS,” JOURNAL OF ASSET MANAGEMENT AND FINANCING, vol. 1, no. 3 (3), pp. 67–79, 2014, [Online]. Available: https://sid.ir/paper/245653/en

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