Persistence of Returns of Stock Funds Traded in TEFAS

İstemi Çömlekçi; Serkan Unal; Kerim Çepni

Makale detayları

Persistence of Returns of Stock Funds Traded in TEFAS

Yazarlar:

İstemi Çömlekçi | Serkan Unal | Kerim Çepni

Yayıncı:

Eskişehir Osmangazi University

Ana Başlıklar:

Finans ve Yatırım (Diğer)

Dergi:

Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi Vol.19 Issue 2, pp.401-414

Belge Tipi:

Makale

Yayın Tarihi:

1/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001312735

pISSN:

1306-6730

Anahtar kelimeler:

Özet:

 The interest of investors in Turkey to Borsa Istanbul is increasing and investment funds play an important role in investing in the stock market. Investors use of certain criteria when choosing among many stock funds can help them choose high-performance funds. In this study, the continuity of returns of stock funds investing in Borsa Istanbul was examined. In the research, the return data of a total of 43 stock funds between 2010 and 2023 were used. Funds were divided into 20 groups based on their performance in various periods and their performance in the following period was measured. In addition, in order to understand the fund investment styles, their correlations with the XU100 and XTUMY indices were calculated and how decisive they were in performance was measured. According to the results of the research, the superior or weak returns of stock funds compared to other funds are persistent in 3-year and 5-year periods.

 The interest of investors in Turkey to Borsa Istanbul is increasing and investment funds play an important role in investing in the stock market. Investors use of certain criteria when choosing among many stock funds can help them choose high-performance funds. In this study, the continuity of returns of stock funds investing in Borsa Istanbul was examined. In the research, the return data of a total of 43 stock funds between 2010 and 2023 were used. Funds were divided into 20 groups based on their performance in various periods and their performance in the following period was measured. In addition, in order to understand the fund investment styles, their correlations with the XU100 and XTUMY indices were calculated and how decisive they were in performance was measured. According to the results of the research, the superior or weak returns of stock funds compared to other funds are persistent in 3-year and 5-year periods.

 The interest of investors in Turkey to Borsa Istanbul is increasing and investment funds play an important role in investing in the stock market. Investors use of certain criteria when choosing among many stock funds can help them choose high-performance funds. In this study, the continuity of returns of stock funds investing in Borsa Istanbul was examined. In the research, the return data of a total of 43 stock funds between 2010 and 2023 were used. Funds were divided into 20 groups based on their performance in various periods and their performance in the following period was measured. In addition, in order to understand the fund investment styles, their correlations with the XU100 and XTUMY indices were calculated and how decisive they were in performance was measured. According to the results of the research, the superior or weak returns of stock funds compared to other funds are persistent in 3-year and 5-year periods.

 Türkiyedeki yatırımcıların Borsa İstanbula ilgisi giderek artmakta ve yatırım fonları borsaya yatırım yaparken önemli bir rol üstlenmektedir. Yatırımcıların çok sayıda hisse senedi fonu arasında seçim yaparken belli kriterler ile hareket etmeleri, yüksek performanslı fonları seçmelerine yardımcı olabilir. Bu çalışmada Borsa İstanbulda yatırım yapan hisse senedi fonlarının getirilerinin sürekliliği incelenmiştir. Araştırmada toplam 43 adet hisse senedi fonunun 2010-2023 arası dönemdeki getiri verisinden faydalanılmıştır. Fonlar çeşitli dönemlerdeki performansları baz alınarak 20lik gruplara ayrılmış ve takip eden dönemdeki performansları ölçülmüştür. Ayrıca fon yatırım tarzlarının anlaşılması için XU100 ve XTUMY endeksleri ile korelasyonları da hesaplanarak performansta ne kadar belirleyici olduğu ölçülmüştür. Araştırma sonuçlarına göre 3er yıllık ve 5er yıllık dönemlerde hisse senedi fonlarının diğer fonlara kıyasla üstün ya da zayıf getirileri süreklilik göstermektedir.

Makale detayları

Persistence of Returns of Stock Funds Traded in TEFAS

Yazarlar:

İstemi Çömlekçi | Serkan Unal | Kerim Çepni

Yayıncı:

Eskişehir Osmangazi University

Ana Başlıklar:

Finans ve Yatırım (Diğer)

Dergi:

Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi Vol.19 Issue 2, pp.401-414

Belge Tipi:

Makale

Yayın Tarihi:

1/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001312735

pISSN:

1306-6730

Equity Funds

Performance Persistence

Portfolio ManagementHisse Senedi Fonları

Performans Kalıcılığı

Portföy Yönetimi

Sayı

Makale detayları

Persistence of Returns of Stock Funds Traded in TEFAS

Yazarlar: İstemi Çömlekçi | Serkan Unal | Kerim Çepni

Yayıncı: Eskişehir Osmangazi University

Ana Başlıklar: Finans ve Yatırım (Diğer)

Dergi: Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi Vol.19 Issue 2, pp.401-414

Belge Tipi: Makale

Yayın Tarihi: 1/2024

Belge Dili: Türkçe

Document ID (Org No.): 2001312735

pISSN: 1306-6730

Equity Funds

Performance Persistence

Portfolio ManagementHisse Senedi Fonları

Performans Kalıcılığı

Portföy Yönetimi

Sayı

Yazarlar:

İstemi Çömlekçi | Serkan Unal | Kerim Çepni

Yayıncı:

Eskişehir Osmangazi University

Ana Başlıklar:

Finans ve Yatırım (Diğer)

Dergi:

Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi Vol.19 Issue 2, pp.401-414

Belge Tipi:

Makale

Yayın Tarihi:

1/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001312735

pISSN:

1306-6730