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Analysis Of The Romanian Mutual Fund Market Performance Within Pre-Crisis, Crisis And Revival During 2008-2014

Author

Listed:
  • Ioana Pop-Radu

    (Babes Bolyai University of Cluj-Napoca, Faculty of Economics and Business Administration)

  • Mircea-Iosif Rus

    (Babes Bolyai University of Cluj-Napoca, Faculty of Economics and Business Administration)

Abstract

The study was developed in evaluating the performance of Romanian mutual funds highlighting the results of several selected key indicators. A comparative analysis was developed in order to define the benefits and risks assumed by these investment vehicles beside other available investment alternatives on the Romanian market within the last 8 years’ horizon from 2007 to 2014. The aim of our research is to examine the classical rates performance measurement (Sharpe, Treynor and Jensen) and to get an overview of the hierarchy based over the domestic mutual funds market. In determining these rates, it was necessary to obtain coefficients of correlation and volatility, including standard deviation for each category of the mutual funds - equity funds, diversified funds and funds bond. We exclude from the analysis the money market funds as their yield is folded in relation to the exposure of monetary instruments included in the portfolio and which confers a relative stability.

Suggested Citation

  • Ioana Pop-Radu & Mircea-Iosif Rus, 2018. "Analysis Of The Romanian Mutual Fund Market Performance Within Pre-Crisis, Crisis And Revival During 2008-2014," Management Strategies Journal, Constantin Brancoveanu University, vol. 42(4), pages 237-243.
    • Handle: RePEc:brc:journl:v:42:y:2018:i:4:p:237-243
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    File URL: http://www.strategiimanageriale.ro/papers/180427.pdf
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    References listed on IDEAS

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    1. Ioan E. NISTOR & Ioana RADU, 2011. "Global Tendencies in Investment Funds Market Development," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(13), pages 16-21, December.
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    Cited by:

    1. Flavius Valentin Jakubowicz & Ionela Munteanu & Marioara Mirea, 2023. "Developments in Cryptocurrency Transactions and Implications for Audit and Accounting Activities," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 951-957, August.

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      More about this item

      Keywords

      investment market; financial instruments; volatility; risk; performance;
      All these keywords.

      JEL classification:

      • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
      • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
      • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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