Multifactor models in the analysis of mutual fund effectiveness
The aim of this paper is to examine the efficiency of Polish mutual funds. The applied performance measures are parameters of the models developed by Jensen, Fama-French and Carhart. By means of average returns, it is found that equity funds are not able to outperform the benchmark in a statisticall...
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| Format: | Article |
| Language: | English |
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Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego
2019-01-01
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| Series: | Problemy Zarządzania |
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| Online Access: | http://pz.wz.uw.edu.pl/gicid/01.3001.0013.0959 |