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Mutual funds Performance in Russia

ФИО студента: Mark Palshin

Руководитель: Petr Parshakov

Кампус/факультет: Faculty of Economics, Management, and Business Informatics

Программа: Finance (Master)

Год защиты: 2020

This paper is devoted to the study of performance of Investment Funds in Russia after the global financial crisis of 2008. The global tendency to reduce key rates leads to the fact that the profitability of deposits in the bank is rapidly declining and does not satisfy the needs of the population. Investing in a Mutual Investment Funds is a good alternative to a bank deposit. In this paper, we review the main measures of the effectiveness of managing performance investment funds. Portfolios were created from the best funds, selected on the basis of the Sharpe, Treinor and Alpha Jensen ratios at different time intervals. The results of the study showed that, on average, funds cannot outplay the market, and the best funds cannot consistently show good results, which in turn leads to a portfolio of the best funds that is more likely to lose to the market.

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