Please use this identifier to cite or link to this item: https://scidar.kg.ac.rs/handle/123456789/12937
Title: PORTFOLIO PERFORMANCE EVALUATION OF MUTUAL FUNDS IN THE REPUBLIC OF SERBIA
Authors: Leković, Miljan
Jakšić, Milena M.
Gnjatović, Dragana
Journal: Serbian Journal of Management
Issue Date: 1-Jan-2020
Abstract: © 2020, Serbian Journal of Management. All Rights Reserved The paper evaluates the performance of open-end mutual funds in the Republic of Serbia in the period 2011-2015, using various modelling approaches based on different models. The aim of this paper is to examine the theoretical, methodological and empirical validity of active portfolio management of mutual funds and to assess the presence of selection and timing abilities of Serbian portfolio managers. The results of the empirical research show that the active portfolio management of mutual funds in the Republic of Serbia has not been successful in terms of outperforming the market. Portfolio managers of most Serbian mutual funds lack the ability to choose profitable securities and do not have market timing ability.
URI: https://scidar.kg.ac.rs/handle/123456789/12937
Type: Article
DOI: 10.5937/sjm15-21145
ISSN: 14524864
SCOPUS: 85098161465
Appears in Collections:Faculty of Economics, Kragujevac
Faculty of Hotel Management and Tourism, Vrnjačka Banja
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