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Please use this identifier to cite or link to this item: https://scidar.kg.ac.rs/handle/123456789/16490
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dc.contributor.authorJakšić, Milena M.-
dc.contributor.authorLeković, Miljan-
dc.contributor.authorMilanović, Marina-
dc.date.accessioned2023-02-13T12:25:47Z-
dc.date.available2023-02-13T12:25:47Z-
dc.date.issued2015-
dc.identifier.citationJakšić, M., Leković, M., & Milanović, M. (2015). Merenje performansi otvorenih investicionih fondova - studija slučaja. Industrija, 43(1), 37-51. https://doi.org/10.5937/industrija43-6677en_US
dc.identifier.issn0350-0373en_US
dc.identifier.urihttps://scidar.kg.ac.rs/handle/123456789/16490-
dc.description.abstractIn this paper we evaluate the performance of eight open-end mutual funds in the Republic of Serbia for the period 2009-2012, with the aim of testing the justification of active portfolio management of mutual funds, and determining the selection capability of Serbian portfolio managers. Risk-weighted returns of mutual funds are compared with the risk-weighted return of the leading Belgrade Stock Exchange index, Belex15, whereas the following are used as performance measures: Sharpe ratio (Si), Treynor ratio (Ti), and Jensen's or Alpha index (αi). The results suggest that the portfolio of Serbian mutual funds has inferior performance compared to the market portfolio, which indicates the lack of selection capabilities of domestic portfolio managers.en_US
dc.language.isoen_USen_US
dc.publisherEkonomski institut, Beograden_US
dc.relation.ispartofIndustrijaen_US
dc.subjectmutual fundsen_US
dc.subjectSharpe ratioen_US
dc.subjectTreynor ratioen_US
dc.subjectJensen's or Alpha indexen_US
dc.titleMeasuring the performance of mutual funds: A case studyen_US
dc.title.alternativeMerenje performansi otvorenih investicionih fondova - studija slučajaen_US
dc.typearticleen_US
dc.description.versionPublisheden_US
dc.identifier.doi10.5937/industrija43-6677en_US
dc.type.versionPublishedVersionen_US
Appears in Collections:Faculty of Economics, Kragujevac
Faculty of Hotel Management and Tourism, Vrnjačka Banja

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