haku: @freeterm mutual funds / yhteensä: 29
viite: 8 / 29
Tekijä:Dietze, L.H.
Entrop, O.
Wilkens, M.
Otsikko:The performance of investment grade corporate bond funds: evidence from the European market
Lehti:European Journal of Finance
2009 : JAN/FEB, VOL. 15:1-2, p. 191-209
Asiasana:Europe
performance measurement
financial markets
capital markets
bond markets
models
Vapaa asiasana:mutual funds
Kieli:eng
Tiivistelmä:This paper explores the risk-adjusted performance of mutual funds offered in Germany, exclusively investing in the 'rather new' capital market segment of euro-denominated investment grade corporate bonds. Using a single-index model and several multi-index and asset-class-factor models, there is found evidence that corporate bond funds, on average, under-perform the benchmark portfolios. Futhermore, there is not a single fund showing a significantly positive performance. These results are robust to the different models. Finally, driving factors behind fund performance are explored.
SCIMA tietueen numero: 269654
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