|
|
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.
|
guest ::
