Matches in SemOpenAlex for { <https://semopenalex.org/work/W3170552722> ?p ?o ?g. }
Showing items 1 to 46 of
46
with 100 items per page.
- W3170552722 abstract "The evaluation of investment performance is important in academic circles and crucial for fund managers. The literature reveals that managed funds are underperforming against the stock market or other benchmark indicators, such as the S&P 500 index (US). A number of evaluations of mutual funds performance have been implemented. However, there is a focus on the United States data and, more specifically, wholesale funds. Due to the lack of Australian retail equity funds data, this paper analyses the monthly returns of active Australian retail equity funds compared to the stock market returns (S&P/ASX 200). For this purpose, risk adjusted performance measures are suggested by using the Sharpe index and Treynor index. In a sample of 117 funds over the 2000 to 2010 period, it is found that 42 per cent have been over performing against the market according to the Sharpe measure, while 47 per cent of the equity funds can earn higher risk adjusted returns than the benchmark indicator according to the Treynor measure. What is more, significant evidence is found to support the hypothesis that the Australian equity mid/small blend and the Australian equity mid/small value can perform better than the benchmark and other Australian equity mutual funds categories. It can be demonstrated, then, that the Australian equity funds perform poorly in terms of total risk and risk adjusted performance against the stock market index by applying the Sharpe and Treynor measures." @default.
- W3170552722 created "2021-06-22" @default.
- W3170552722 creator A5003291887 @default.
- W3170552722 date "2010-01-01" @default.
- W3170552722 modified "2023-09-25" @default.
- W3170552722 title "Investment Performance Testing with the Sharpe and Treynor Measures: Australian Evidence" @default.
- W3170552722 doi "https://doi.org/10.2139/ssrn.1716544" @default.
- W3170552722 hasPublicationYear "2010" @default.
- W3170552722 type Work @default.
- W3170552722 sameAs 3170552722 @default.
- W3170552722 citedByCount "0" @default.
- W3170552722 crossrefType "journal-article" @default.
- W3170552722 hasAuthorship W3170552722A5003291887 @default.
- W3170552722 hasConcept C106159729 @default.
- W3170552722 hasConcept C139938925 @default.
- W3170552722 hasConcept C149782125 @default.
- W3170552722 hasConcept C162118730 @default.
- W3170552722 hasConcept C162324750 @default.
- W3170552722 hasConcept C2780821815 @default.
- W3170552722 hasConcept C33923547 @default.
- W3170552722 hasConcept C44723521 @default.
- W3170552722 hasConceptScore W3170552722C106159729 @default.
- W3170552722 hasConceptScore W3170552722C139938925 @default.
- W3170552722 hasConceptScore W3170552722C149782125 @default.
- W3170552722 hasConceptScore W3170552722C162118730 @default.
- W3170552722 hasConceptScore W3170552722C162324750 @default.
- W3170552722 hasConceptScore W3170552722C2780821815 @default.
- W3170552722 hasConceptScore W3170552722C33923547 @default.
- W3170552722 hasConceptScore W3170552722C44723521 @default.
- W3170552722 hasLocation W31705527221 @default.
- W3170552722 hasOpenAccess W3170552722 @default.
- W3170552722 hasPrimaryLocation W31705527221 @default.
- W3170552722 hasRelatedWork W2125053157 @default.
- W3170552722 hasRelatedWork W2151630827 @default.
- W3170552722 hasRelatedWork W2325820369 @default.
- W3170552722 hasRelatedWork W2591739091 @default.
- W3170552722 hasRelatedWork W3085904772 @default.
- W3170552722 hasRelatedWork W3108127955 @default.
- W3170552722 hasRelatedWork W3121332079 @default.
- W3170552722 hasRelatedWork W3195009432 @default.
- W3170552722 hasRelatedWork W4324143931 @default.
- W3170552722 hasRelatedWork W3013339777 @default.
- W3170552722 isParatext "false" @default.
- W3170552722 isRetracted "false" @default.
- W3170552722 magId "3170552722" @default.
- W3170552722 workType "article" @default.