Advanced Search
MyIDEAS: Login

Risk Measurement Of The Bond Mutual Funds Operating In Greece


Author Info

  • Dr John N. Sorros
Registered author(s):


    The present article aims to measure and analyze the systematic risk undertaken by the Greek bond mutual funds. The capital asset pricing model is applied using as an approximation of the market portfolio the General Index of the Athens Stock Exchange, and a specific Bond Index. The performance of twenty-eight mutual funds is affected, and can be explained to a satisfactory level by the movements in the Bond Index. On the contrary, in only fifteen mutual funds the performance is affected, and can be explained to a satisfactory level by the movements in the General Index of the ASE. The empirical evidence suggests that the Bond Index approximates the market portfolio much closer than the General Index of the Athens Stock Exchange.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL:
    Download Restriction: no

    Bibliographic Info

    Article provided by European Research Studies Journal in its journal European Research Studies Journal.

    Volume (Year): VI (2003)
    Issue (Month): 3-4 (July - December)
    Pages: 27-38

    as in new window
    Handle: RePEc:ers:journl:v:vi:y:2003:i:3-4:p:27-38

    Contact details of provider:
    Web page:

    Related research

    Keywords: Mutual funds; bond; bond index; capital asset pricing model;

    Find related papers by JEL classification:


    No references listed on IDEAS
    You can help add them by filling out this form.



    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


    Access and download statistics


    When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:vi:y:2003:i:3-4:p:27-38. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Eleni Giannakopoulou).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.