Object

Title: Performance persistence and gamma convergence in absolute return funds in Poland over the period 2011-2018

Title in english:

Utrzymywanie wyników inwestycyjnych oraz występowanie zjawiska gamma konwergencji na rynku funduszy absolutnej stopy zwrotu w Polsce w latach 2011-2018

Creator:

Machnik, Jadwiga

Description:

Financial Sciences. Nauki o Finansach, 2020, vol. 25, no. 2-3, s. 41-54

Abstrakt:

This article attempts to analyse the investment performance of absolute return funds in 2011-2018 in Poland from the point of view of their performance persistence and the occurrence of gamma convergence. Two research hypotheses were verified. The first one is that absolute return funds do not maintain their investment results, while the second deals with the occurrence of the gamma convergence phenomenon on the absolute return funds market. The research methods adopted, i.e. the contingency tables as a non-parametric method of measuring the maintenance of investment results, and gamma convergence as one of the convergence measures, allowed to reach appropriate conclusions. Performance persistence does not occur in most of the analysed cases. In the case of gamma convergence the obtained resultse indicated the occurrence of this phenomenon on the absolute return funds market

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2020

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/fins.2020.2.03 ; oai:dbc.wroc.pl:108491

Language:

eng

Relation:

Financial Sciences. Nauki o Finansach, 2020, vol. 25, no. 2-3

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-SA 4.0

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Group publication title:

Financial Sciences. Nauki o Finansach

Object collections:

Last modified:

Jun 11, 2022

In our library since:

Mar 8, 2021

Number of object content hits:

185

All available object's versions:

https://dbc.wroc.pl/publication/150868

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