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Where to Invest?: -A comparative study of the performance of Swedish funds investing in Sweden and Swedish funds investing in Emerging Markets -
Umeå University, Faculty of Social Sciences, Umeå School of Business.
2008 (English)Student thesis
Abstract [en]

ABSTRACT

The world-wide globalisation that has taken place over the past decades has led to a revolution on the stock markets. Nowadays, it is more simple, cheap and convenient to access financial information. As a result investing in mutual funds has increase.

There has been a renewed interest to investigate the performance of the mutual fund industry. The researcher has chosen to perform a comparative analysis of the performance of Swedish mutual funds invested in Sweden and, Swedish mutual funds invested in emerging markets.

The primary aim of this research is to examine whether the investment in mutual funds is more profitable in Sweden or in the Emerging markets. The research endeavors to answer the following questions:

Considering risk and return factors, is it more profitable to invest in Swedish equity funds or invest in equity funds from emerging markets?

Was the Swedish mutual funds performance better than the performance of the Swedish index?

Was the Emerging markets mutual funds performance better than the performance of the emerging markets index?

A quantitative method with a positivistic epistemology was used for the research. 4 mutual funds investing in Sweden and 4 mutual funds investing in emerging markets were studied in this research. To estimate the performance of the mutual funds, historical data from Jan. 2000 to Sep. 2007 was analyzed using:

(i) Treynor’s index

(ii) Sharpe’s index

(iii) Jensen’s index

Descriptive statistics were obtained using the Statgraphs program, the excel program and the Metastock program. The results showed that the Emerging markets funds had a better performance during the period studied.

The result showed, in addition, that the Swedish funds outperformed the Swedish MCSI index whereas the Emerging markets funds under performed against the Emerging Markets MCSI index.

Place, publisher, year, edition, pages
Umeå: Handelshögskolan vid Umeå universitet , 2008. , 80 p.
Keyword [en]
Investment, Stock Markets, Emerging Markets
National Category
Business Administration
Identifiers
URN: urn:nbn:se:umu:diva-1588OAI: oai:DiVA.org:umu-1588DiVA: diva2:141464
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samhälle/juridik
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Available from: 2008-03-18 Created: 2008-03-18Bibliographically approved

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440fd478fe5ff211c397e829b564b60cd7ea22b74317948535dcdbf10737d1258cf5ce84
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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf