Performance Evaluation of A-Type Turkish Mutuals Funds in the Era of Quantitative Easing

Gözde ÜNAL; Ömer Faruk TAN

Makale detayları

Performance Evaluation of A-Type Turkish Mutuals Funds in the Era of Quantitative Easing

Yazarlar:

Gözde ÜNAL | Ömer Faruk TAN

Yayıncı:

Yildiz Technical University

Ana Başlıklar:

Sosyoloji & antropoloji

Dergi:

Yildiz Social Science Review 2015 Vol.1 Issue 2, pp.35-46

Belge Tipi:

Makale

Yayın Tarihi:

6/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000701357

Sıklık:

İki Yıllık

eISSN:

2687-6256

pISSN:

2149-4363

Özet:

 


This paper aims to evaluate the performance of A-type Turkish funds between January 2009 and November 2014. This study period coincides with the period of quantitative easing during which developing economies in financial markets have been influenced dramatically. Thanks to the increase in the money supply directed towards the capital markets, a relief was experienced in related markets following the crisis period. During this 5-year 10-month period, in which the relevant quantitative easing continued, Borsa Istanbul (BIST) yielded 21% compounded on average, per annum. A-type Turkish funds are investigated in order to compare these funds performance within this period. Within this framework, 15 A-type equity funds and 18 A-type variable funds are selected. So as to measure these funds’ performance, Sharpe ratio (1966), Treynor ratio (1965) and Jensen alpha (1968) methods are used. Moreover, Jensen’s alpha also provides information on selectivity skills of fund managers. Furthermore, Treynor&Mazuy (1966) regression analysis method is applied for market timing ability of fund managers.

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Makale detayları

Performance Evaluation of A-Type Turkish Mutuals Funds in the Era of Quantitative Easing

Yazarlar: Gözde ÜNAL | Ömer Faruk TAN

Yayıncı: Yildiz Technical University

Ana Başlıklar: Sosyoloji & antropoloji

Dergi: Yildiz Social Science Review 2015 Vol.1 Issue 2, pp.35-46

Belge Tipi: Makale

Yayın Tarihi: 6/2016

Belge Dili: Türkçe

Document ID (Org No.): 2000701357

Sıklık: İki Yıllık

eISSN: 2687-6256

pISSN: 2149-4363

Sayı

Yazarlar:

Gözde ÜNAL | Ömer Faruk TAN

Yayıncı:

Yildiz Technical University

Ana Başlıklar:

Sosyoloji & antropoloji

Dergi:

Yildiz Social Science Review 2015 Vol.1 Issue 2, pp.35-46

Belge Tipi:

Makale

Yayın Tarihi:

6/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000701357

Sıklık:

İki Yıllık

eISSN:

2687-6256

pISSN:

2149-4363