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Zhodnocení investičních produktů dle způsobu jejich řízení
Maštalíř, Jiří
Bachelor thesis is focused on investments to mutual funds and exchange traded funds. Includes the characteristic of the most important concepts of collective investments from the legal forms through the identification of advantages and disadvantages to the presentation of the investments products themselves and their strategies. The primary objective of the thesis is to compare the various investment products according to the way of their management. Then are made recommendations on which investment style and strategy are best suited to retail investor.
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Komparace výkonnosti podílových fondů a ETF
Janková, Zuzana
JANKOVÁ, Z. A Performance Comparison of mutual funds and ETF. Mendel University in Brno, 2017. Diploma thesis. The diploma thesis is focused on performance comparison of open-end mutual funds and ETF. Selected funds are separated by region USA, World, European and Emerging markets equities. Funds are analyzed in the practical part for the period between 2007 and 2016. The first part introduced defines notion of collective investment, advantages and disadvantages. Funds are analyzed in the terms of return, risk, cost and including foreing exchange risk.
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Zhodnocení volných peněžních prostředků na trhu podílových fondů
Smolík, Jakub
The bachelor thesis deals with evaluation of the performance of mutual funds in the Czech Republic. The first part of the thesis defines the issue of collective investment, its advantages and disadvantages, entities operating on the financial market with mutual funds and their classification. There are also described the individual mathematical methods and indicators, according to which the performance of the funds is evaluated. The defined methods were applied to selected funds and then the results were compared. On the basis of the analysis and comparation of the subfunds, investment recommendations were made to fictitious investors distinguished by investment strategies. Recommended funds are Conseq Invest Conservative, Generali Corporate Bond Fund and Generali Global Brand Fund.
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Ekonometrické modelovanie výkonu fondov
Tuchyňová, Barbora
In this diploma thesis we gather information on European mutual funds and ETFs that would help to inform the decision of an investment manager. We cre-ated OLS models for three types of mutual funds - money market, bond and equity – to demonstrate a relationship between funds' volatility and their annualised return. We then utilised VAR models to test Granger causation between an ETF and its tracking index using their net asset value.
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Investícia podniku do fondov kolektívneho investovania
Kubová, Dominika
Kubová, D. Investing into mutual funds by a company. Bachelor thesis. Brno: Mendel University, 2019. This work is focused on the analysis of actively and passively managed mutual funds. The aim is to create a recommendation for the investor – company, about which type of portfolio management is more beneficial. The main evaluation criterion is the return and risk ratio of a certain time period on the selected instances of mutual funds types. The results will be used for determining which management type should the company choose. However, before the company realizes an investment of any type, it should have a stable position in the market, and have enough extra funds. For reinsurance that all of these conditions are fulfilled, financial analysis of the company´s investment potential will be done.
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Vliv portfolio managera na výkonnost podílového fondu
Daněk, Jan
Daněk, J. The impact of a portfolio manager on the performance of a mutual fund. Bachelor thesis. Brno: Mendel University, 2019. This bachelor thesis deals with the impact of the change in portfolio management on the performance of 10 selected mutual funds. The thesis explains relevant terms, such as mutual fund and portfolio manager. Further, there are introduced representative mutual fund performance ratios. Further, the thesis examines factors, that influence mutual fund performance, such as investment style and then the thesis focuses on the impact of a portfolio manager. In the practical section, the thesis uses performance values of the selected mutual funds and relevant benchmarks, transformed to monthly performance to calculate Sharpe ratio in every month. To test the impact of the change in portfolio management on performance of the fund, the thesis uses the Chow test for detection of structural breaks in a time series. The time series are constructed from the differences of fund’s and benchmark’s Sharpe ratio in individual months.
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Investment in Collective Investment Funds
Gajdůšek, Michal ; Slezák, Tomáš (referee) ; Rejnuš, Oldřich (advisor)
Bachelor thesis is focused on selection and evaluation of collective investment funds for the purpose of company’s disposable money investment. Theoretical part describes investment concepts and czech legislation relating to investment funds and collective investment funds. Theoretical part also describes methods used in practical part. Practical part is focused on funds selection (only funds under Czech national bank supervision), their analysis and comparation. Proposal part contains proposal of an investment recommendation in form of a specific fund that meets company’s criteria.
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Comparison of investments for retirement
SUCHÁŇOVÁ, Markéta
The aim of this thesis was to choose some types of investments and set the expected return using time series; furthermore to compare these possibilities using multi-dimensional assessment. I chose four types of investments, namely: mutual funds, life insurance, additional pension savings and building savings. I expected a monthly deposit of 1000 CZK for a period of 20 years in my thesis. In case the investor would keep this money cash or on a bank account, where he would not have to pay account fees and have a zero interest rate, he would save 240 000 CZK during this period. Based on published historical returns I modeled the expected return of the investment by means of methods of time series. For modeling the return I used the model of linear trend. The highest revaluation is expected with the additional pension savings, where the dynamic strategy brings the overall return of 414 214 CZK, the balanced strategy 379 874 CZK and the conservative strategy 333 209 CZK. The investment into mutual funds using conservative strategy brings 317 894 CZK, using balanced strategy brings the return of 314 986 CZK. When choosing the conservative strategy of life insurance the overall return is 296 071 CZK and when choosing the balanced strategy it is 292 614 CZK. The expected return of the building saving is 286 139 CZK. However, it is not recommended to opt for an investment only based on the expected return. We have to take into consideration as well the risk of the investment, input one-time fee and the overall fee (monthly or annual fees). For this reason I determined the category of the above mentioned criteria, which I set using scoring method. For the determination of the order I chose the TOPSIS method and the scoring method. Based on the carried out above methods it is certain that the best investment is investing in additional pension savings.
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Investment into Dividend Stocks Traded on European Exchange Markets
Křižka, Adam ; Ulman, Martin (referee) ; Rejnuš, Oldřich (advisor)
The bachelor thesis is focused on an investment into dividend shares traded on european exchange markets, for expansion of an investment portfolio of a mutual fund. Theoretical part of thesis explains financial markets and their functions in economy, basic of colective investment funds. Fundamental, technical and psychological analysis methods for securities trading are also explained. The practical part is focused on comparison of selected dividend shares. The resulting comparison will be verified using a creditworthiness model. Final part is focused on a recommendation for an investment to update the portfolio of the selected dividend mutual fund.
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