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- Title
EMERGING MARKETS OF SOUTH-EASTERN EUROPE: CROATIAN MUTUAL FUNDS AND BOSNIAN INVESTMENT FUNDS.
- Authors
Podobnik, Boris; Balen, Vanco; Jagrič, Timotej; Kolanovic, Marko; Pehlivanovic, Beco; Strašek, Sebastjan
- Abstract
In this article we study the performance of Croatian mutual funds and Bosnian investment funds. The risk/ return measures are assessed by using the Sharpe ratio, the Treynor ratio, Jensen's Alpha, and the Treynor appraisal ratio. Furthermore, we analyze the timing ability of the funds using the quadratic regression of Treynor and Mazuy. To emphasize the financial perspective of South-eastern Europe, we also analyze returns of major financial indices in Croatia, Bosnia and Herzegovina, Slovenia, Serbia and Montenegro, Bulgaria, and Macedonia, and show that financial markets in the whole region exhibit a strong performance recently.
- Publication
Our Economy / Nase Gospodarstvo, 2009, Vol 55, Issue 1/2, p30
- ISSN
0547-3101
- Publication type
Academic Journal