Determinants of Mutual Fund Performance: Evidence from Turkey

Arif Saldanlı; Batuhan Medetoğlu; Sumeyra Uzun

Makale detayları

Determinants of Mutual Fund Performance: Evidence from Turkey

Yazarlar:

Arif Saldanlı | Batuhan Medetoğlu | Sumeyra Uzun

Yayıncı:

Istanbul University

Ana Başlıklar:

Panel Veri Analizi

Dergi:

EKOIST Journal of Econometrics and Statistics Issue 42, pp.86-95

Belge Tipi:

Makale

Yayın Tarihi:

6/2025

Belge Dili:

İngilizce

Document ID (Org No.):

2001356014

pISSN:

2651-396X

Anahtar kelimeler:

Özet:

 Mutual funds are defined as assets managed by professionals to enable investments by mitigating asymmetric information in the market. Mutual funds, which appeal to investors with little or no financial literacy or those who prefer professional fund management despite their knowledge, have become popular in recent years to transform savings into investment opportunities. The volume of mutual funds is expected to increase further. Understanding the factors affecting mutual funds, the determinants of funds, or the variables related to funds enhances the comprehensibility of this concept. Quantitative analyses ensure the effective use of funds and increase their functionality. This study examines the relationship between mutual funds and BIST 100 in Turkey using data from 07.06.2019 to 02.05.2024. The total value of mutual funds and their returns relative to the BIST 100 returns were used as variables. Panel data analysis was employed, and the relationship was assessed using the Beck-Katz estimator. The results show a significant and positive relationship between the total value of mutual funds and their returns relative to the BIST 100 returns. This finding illustrates the relationship between mutual funds total value and the BIST 100, a benchmark stock market, during the study period. These results provide quantitative information on mutual funds for investors, sectors, and researchers.

 Mutual funds are defined as assets managed by professionals to enable investments by mitigating asymmetric information in the market. Mutual funds, which appeal to investors with little or no financial literacy or those who prefer professional fund management despite their knowledge, have become popular in recent years to transform savings into investment opportunities. The volume of mutual funds is expected to increase further. Understanding the factors affecting mutual funds, the determinants of funds, or the variables related to funds enhances the comprehensibility of this concept. Quantitative analyses ensure the effective use of funds and increase their functionality. This study examines the relationship between mutual funds and BIST 100 in Turkey using data from 07.06.2019 to 02.05.2024. The total value of mutual funds and their returns relative to the BIST 100 returns were used as variables. Panel data analysis was employed, and the relationship was assessed using the Beck-Katz estimator. The results show a significant and positive relationship between the total value of mutual funds and their returns relative to the BIST 100 returns. This finding illustrates the relationship between mutual funds total value and the BIST 100, a benchmark stock market, during the study period. These results provide quantitative information on mutual funds for investors, sectors, and researchers.

 Mutual funds are defined as assets managed by professionals to enable investments by mitigating asymmetric information in the market. Mutual funds, which appeal to investors with little or no financial literacy or those who prefer professional fund management despite their knowledge, have become popular in recent years to transform savings into investment opportunities. The volume of mutual funds is expected to increase further. Understanding the factors affecting mutual funds, the determinants of funds, or the variables related to funds enhances the comprehensibility of this concept. Quantitative analyses ensure the effective use of funds and increase their functionality. This study examines the relationship between mutual funds and BIST 100 in Turkey using data from 07.06.2019 to 02.05.2024. The total value of mutual funds and their returns relative to the BIST 100 returns were used as variables. Panel data analysis was employed, and the relationship was assessed using the Beck-Katz estimator. The results show a significant and positive relationship between the total value of mutual funds and their returns relative to the BIST 100 returns. This finding illustrates the relationship between mutual funds total value and the BIST 100, a benchmark stock market, during the study period. These results provide quantitative information on mutual funds for investors, sectors, and researchers.

 Mutual funds are defined as assets managed by professionals to enable investments by mitigating asymmetric information in the market. Mutual funds, which appeal to investors with little or no financial literacy or those who prefer professional fund management despite their knowledge, have become popular in recent years to transform savings into investment opportunities. The volume of mutual funds is expected to increase further. Understanding the factors affecting mutual funds, the determinants of funds, or the variables related to funds enhances the comprehensibility of this concept. Quantitative analyses ensure the effective use of funds and increase their functionality. This study examines the relationship between mutual funds and BIST 100 in Turkey using data from 07.06.2019 to 02.05.2024. The total value of mutual funds and their returns relative to the BIST 100 returns were used as variables. Panel data analysis was employed, and the relationship was assessed using the Beck-Katz estimator. The results show a significant and positive relationship between the total value of mutual funds and their returns relative to the BIST 100 returns. This finding illustrates the relationship between mutual funds total value and the BIST 100, a benchmark stock market, during the study period. These results provide quantitative information on mutual funds for investors, sectors, and researchers.

Makale detayları

Determinants of Mutual Fund Performance: Evidence from Turkey

Yazarlar:

Arif Saldanlı | Batuhan Medetoğlu | Sumeyra Uzun

Yayıncı:

Istanbul University

Ana Başlıklar:

Panel Veri Analizi

Dergi:

EKOIST Journal of Econometrics and Statistics Issue 42, pp.86-95

Belge Tipi:

Makale

Yayın Tarihi:

6/2025

Belge Dili:

İngilizce

Document ID (Org No.):

2001356014

pISSN:

2651-396X

BIST 100

Mutual Funds

Beck-Katz Forecaster

Sayı

Makale detayları

Determinants of Mutual Fund Performance: Evidence from Turkey

Yazarlar: Arif Saldanlı | Batuhan Medetoğlu | Sumeyra Uzun

Yayıncı: Istanbul University

Ana Başlıklar: Panel Veri Analizi

Dergi: EKOIST Journal of Econometrics and Statistics Issue 42, pp.86-95

Belge Tipi: Makale

Yayın Tarihi: 6/2025

Belge Dili: İngilizce

Document ID (Org No.): 2001356014

pISSN: 2651-396X

BIST 100

Mutual Funds

Beck-Katz Forecaster

Sayı

Yazarlar:

Arif Saldanlı | Batuhan Medetoğlu | Sumeyra Uzun

Yayıncı:

Istanbul University

Ana Başlıklar:

Panel Veri Analizi

Dergi:

EKOIST Journal of Econometrics and Statistics Issue 42, pp.86-95

Belge Tipi:

Makale

Yayın Tarihi:

6/2025

Belge Dili:

İngilizce

Document ID (Org No.):

2001356014

pISSN:

2651-396X