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Genererar fonder med prestationsavgifter bättre avkastning? En empirisk studie på den svenska fondmarknaden.


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Title: Genererar fonder med prestationsavgifter bättre avkastning? En empirisk studie på den svenska fondmarknaden.
Authors: Jervelind, Jakob
Lagrell, Max
Issue Date: 5-Jul-2017
Degree: Student essay
Series/Report no.: 201707:51
Uppsats
Keywords: Performance feed
Mutual Funds
Risk
Performance
Abstract: This paper investigates how asymmetric performance fees affect the performance and risk-taking of mutual funds in the Swedish market between 2012–2016. From our findings we cannot conclude that performance fees induce fund managers to take on more risk. We find that mutual funds on average generate positive excess risk-adjusted return. However, funds utilizing performance fees underperform those without by 0.29 % per quarter. Moreover, we find a negative relationship between funds’ expense ratio... more
URI: http://hdl.handle.net/2077/52976
Appears in Collections:Kandidatuppsatser i finansiell ekonomi

 

 

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