Please use this identifier to cite or link to this item: https://scidar.kg.ac.rs/handle/123456789/16448
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dc.rights.licenseAttribution-ShareAlike 3.0 United States*
dc.contributor.authorLeković, Miljan-
dc.date.accessioned2023-02-13T09:14:55Z-
dc.date.available2023-02-13T09:14:55Z-
dc.date.issued2017-
dc.identifier.citationLeković, M. (2017). Mutual funds portfolio performance evaluation models: Sharpe, Treynor and Jensen index. Bankarstvo, 46(4), 108-133. https://doi.org/10.5937/bankarstvo1704108Len_US
dc.identifier.issn1451-4354en_US
dc.identifier.urihttps://scidar.kg.ac.rs/handle/123456789/16448-
dc.description.abstractPortfolio performance evaluation is an integral part of a continuous portfolio management process aimed at improving its efficiency. The importance of being familiar with the evaluation models of mutual fund portfolio performance is reflected in the fact that such models inform individual and institutional investors about the success of portfolio management, as well as about the performance of individual mutual funds; moreover, the portfolio managers identify strengths and weaknesses of the created portfolios based on the mentioned models. In this respect, this paper looks at the methods that are most widely used, both in theory and in practice, to measure portfolio performance: Sharpe index, Treynor index and Jensen's alpha or index. Bearing in mind that none of these methods of portfolio performance measurement is perfect, the author focuses on identifying and understanding the disadvantages and limitations of these models. By identifying and understanding these disadvantages and limitations, their importance and effects are being reduced, while at the same time, the importance and accuracy of the results are being improved.en_US
dc.language.isoenen_US
dc.publisherAssociation of Serbian Banks, Belgradeen_US
dc.rightsinfo:eu-repo/semantics/openAccess-
dc.rights.urihttp://creativecommons.org/licenses/by-sa/3.0/us/*
dc.sourceBankarstvo-
dc.subjectmutual fundsen_US
dc.subjectportfolio performanceen_US
dc.subjectSharpe indexen_US
dc.subjectTreynor indexen_US
dc.subjectJensen indexen_US
dc.titleMutual funds portfolio performance evaluation models: Sharpe, Treynor and Jensen indexen_US
dc.title.alternativeMODELI OCENE PERFORMANSI PORTFOLIJA INVESTICIONIH FONDOVA - ŠARPOV, TREJNOROV I JENSENOV INDEKSen_US
dc.typearticleen_US
dc.description.versionPublisheden_US
dc.identifier.doi10.5937/bankarstvo1704108Len_US
dc.type.versionPublishedVersionen_US
Appears in Collections:Faculty of Hotel Management and Tourism, Vrnjačka Banja

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