Evaluation of balanced mutual funds: the case of the Greek financial market

Abstract

Assesses the 1995‐1998 performance of ten domestic balanced mutual funds in the Greek financial market using daily net asset value per unit. Ranks them on the basis of daily average return, total risk, coefficient of variation, systematic risk, Treynor’s index, Sharpe’s index and Jensen’s alpha. Shows that their risks and returns were lower than the Athens Stock Exchange index, that they followed defensive investment policies, that some achieved high returns with low risk and that there was some variation of ranking according to the techniques used.

Citation

Artikis, G.P. (2001), "Evaluation of balanced mutual funds: the case of the Greek financial market", Managerial Finance, Vol. 27 No. 6, pp. 60-67. https://doi.org/10.1108/03074350110767240