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Collective investment in the CEE region: risk and return comparison
Šmejkal, Jan ; Streblov, Pavel (advisor) ; Babin, Adrian (referee)
The purpose of this thesis is to analyze mutual fund performance in the Central and Eastern Europe - CEE region. The author chose two countries from this geographic region, the Czech Republic and Poland. Using the econometric model that is based on CAPM (Capital Asset Pricing Model) the author compares past performance of equity and bond oriented mutual funds. This thesis also examine the theory which states that most of mutual funds are not able to outperform the benchmarks in real terms as they charge relatively high fees. Keywords Mutual funds, Emerging market mutual funds, CEE region, Performance evaluation
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Stock markets comparison in Central and Eastern Europe
Michalovský, Michal ; Žilák, Pavel (advisor) ; Veselá, Jitka (referee)
This thesis compares stock exchanges in Central and Eastern Europe. It covers exchanges of Prague, Budapest, Warsaw, Bucharest, Ljubljana, Zagreb, Vienna, and Istanbul. At first, all the exchanges are briefly introduced including naming five most liquid stocks. Selected market specifics are then compared including supported order types, tick sizes, fees policy, trading hours, safety breaks, taxes, market capitalization, and weights in global stock indices. Lastly, a comparison of trading activity is provided and analysis of important feature of trading -- liquidity is performed calculating selected liquidity measure for each market.
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