The analysis of mutual funds’ performance in Lithuanian financial market
LTReikšminiai žodžiai: Finansų rinkos; Investiciniai fondai; Veiklos vertinimas; Veiklos analizė; Rizika; Grąžinti. Keywords: Financial markets; Mutual funds; Performance evaluation; Performance analysis; Risk; Return.
ENThis Article examines performance of mutual funds, which are available for Lithuanian investors in Lithuanian financial market to invest in. Lithuanian mutual funds market is very new comparing with the global financial markets. Majority of mutual funds in Lithuania are imported by Scandinavian banks as well as internationally managed, only few mutual funds are managed in Lithuania. The analysis includes Lithuanian and non-Lithuanian mutual funds in Lithuanian financial market. Period from 2008 to 2016 is analysed in order to get significant results. This study aims to analyse the performances of mutual funds in Lithuanian market on the basis of risk and return criteria using different tools such as Sharpe ratio, Treynor ratio, and Jensen Alpha and others. Also there is analysed variation of these performance measures during selected time period, and discovered periods, when mutual funds perform above and below than market indices. [From the publication]
