The Development Of The Portfolio Management For The Unit Investment Funds
AbstractThe paper analyses the common Russian assessment practice regarding the effectiveness of the unit investment fund portfolio management based on the risk/return tradeoff. In the authors? opinion, the assessment technique should not be only quantitative, but it should also reveal the risks hidden in the implemented strategy. This approach seems to be especially important in the context of the analysis of UIFs? performance over the last several years. Identifying funds which implemented risky strategies during the pre-crisis years could help to avoid great losses at the beginning of the world?s financial crisis. The current paper identifies characteristics, advantages and disadvantages of various portfolio risk measures and introduces the approach to risk assessment based on the analytical coefficient calculations.
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Bibliographic InfoArticle provided by ASERS Publishing in its journal Journal of Advanced Studies in Finance.
Volume (Year): III (2012)
Issue (Month): 1 (June)
Contact details of provider:
Web page: http://www.asers.eu/journals/jasf.html
equity indices; efficient market hypothesis; portfolio risk measures; unit; investment funds; company management; analytical coefficients;
Find related papers by JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
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