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MARKET TIMING ABILITY OF MUTUAL FUNDS WITH TESTS APPLIED ON SEVERAL CROATIAN FUNDS
Tihana Škrinjarić
orcid.org/0000-0002-9310-6853
; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia
Sažetak
Performance of mutual funds industry has been in spotlight ever since it started to develop in previous century all over the world. Different measures have been designed in order to evaluate those performances. Market timing ability is one of them. This paper attempts to find evidence of market timing ability of Croatian funds, estimating Treynor-Mazuy and Henriksson-Merton model over the sample of ten mutual funds. The results, expectedly, have indicated a lack of market timing abilities of selected funds.
Ključne riječi
Fund performance; Croatian funds; Market timing; Stock market
Hrčak ID:
97396
URI
Datum izdavanja:
1.2.2013.
Posjeta: 5.699 *