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The Analysis of Sector Mutual Funds Performance

Student: Ivan Pronichev

Supervisor: Victoria V. Dobrynskaya

Faculty: Faculty of Economic Sciences

Educational Programme: Economics (Bachelor)

Final Grade: 8

Year of Graduation: 2016

In this research author explores the overall performance of sector mutual investment funds and how does managers react on changed conjuncture in a crisis period. Using the CAPM model, Sharpe and Treynor ratios and detailed analysis of every sector mutual fund, the author found out, that returns in every sector failed during the crisis in 2008-2008. During this period, the funds of Telecom and Consumer sectors were the most stable (average annual performance was 20-40%); the Metal funds were outperforming during the non-crisis periods, but underperforming during 2008-2009 crisis; in the same time the Oil&Gas funds were underperforming benchmark during all periods; the worst performance was shown by the Electricity funds.

Full text (added May 12, 2016)

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