sh.sePublikasjoner
Endre søk
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • harvard-anglia-ruskin-university
  • apa-old-doi-prefix.csl
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf
Aktiv- och Indexförvaltning: - Kan svenska investerare få högre riskjusterad avkastning genom aktiv förvaltning?
Södertörns högskola, Institutionen för samhällsvetenskaper.
Södertörns högskola, Institutionen för samhällsvetenskaper.
2014 (svensk)Independent thesis Advanced level (degree of Master (One Year)), 20 poäng / 30 hpOppgave
Abstract [en]

Nearly 74 percent of the Swedish population invests in funds and the options are therefore various. The Swedish private investors can choose between active and passively managed funds. Fund managers, who seek to generate higher returns than the market, manage active managed funds. Unlike the active managed funds, passively managed funds do not require any active investment decisions.

Fama’s (1970) efficient market theory reflects all available information in the stock price, therefore it is not possible to predict how the stock price changes. According to the theory it is not possible to create any higher returns on the fund market for the private investors.

The aim of this study is to investigate which form of management that generates the highest risk-adjusted returns for the private investor during a ten year period and further to provide guidance to the investor in their investment choice. The focus is on Swedish and Global funds, which are the most popular choices among private investors in Sweden. The results of the study show that active management generally provides a higher risk- adjusted return for the private investor during a long term investment.

In conclusion the study shows that active management generally can create a higher return for the private investor during stable economic conditions, however, during unstable economic conditions fund managers fail to provide a higher return. This means that passively managed funds are to prefer during unstable market conditions.

sted, utgiver, år, opplag, sider
2014. , s. 51
HSV kategori
Identifikatorer
URN: urn:nbn:se:sh:diva-24281OAI: oai:DiVA.org:sh-24281DiVA, id: diva2:733633
Fag / kurs
Business Studies
Uppsök
Social and Behavioural Science, Law
Veileder
Examiner
Tilgjengelig fra: 2014-07-11 Laget: 2014-07-10 Sist oppdatert: 2014-07-11bibliografisk kontrollert

Open Access i DiVA

fulltext(1167 kB)296 nedlastinger
Filinformasjon
Fil FULLTEXT01.pdfFilstørrelse 1167 kBChecksum SHA-512
6e3af705b40aee15de3d8512c56fa6cf2153d4d3a008a5cac2939c4217f17b4c228b6d27ec904e7a56046c68599093782f944621e8266a5d90e5d9363518ba75
Type fulltextMimetype application/pdf

Av organisasjonen

Søk utenfor DiVA

GoogleGoogle Scholar
Totalt: 296 nedlastinger
Antall nedlastinger er summen av alle nedlastinger av alle fulltekster. Det kan for eksempel være tidligere versjoner som er ikke lenger tilgjengelige

urn-nbn

Altmetric

urn-nbn
Totalt: 712 treff
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • harvard-anglia-ruskin-university
  • apa-old-doi-prefix.csl
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf