Selection of Briston-Based Multi-Purpose Performance: A Case Study of the Shared Funds of the Tehran Stock Exchange
Message:
Article Type:
Case Study (دارای رتبه معتبر)
Abstract:

One of the challenges faced by investment managers is to answer the question that the total value added of each of the constituent groups of assets (deposits, fixed income securities and equity) portfolios of mixed investment funds and stock exchanges, from which one of the decisions Dual selection of asset groups and weighting to each of these groups (asset allocation). Considering that, generally, regardless of the effect of each selection decision on securities and weighting them, in order to measure the performance and, as a result, the assessment of managers' skills, the total value added is used, and in response to the above question and the extension of methods Traditionally, in this paper, with the presentation of the framework, the value added of each portfolios of asset portfolios of the above-mentioned investment funds is divided into value added from the allocation of assets (weighing) and selection of securities, and thus the skills of the managers of each of these funds In these two decisions, it has been measured. Given the novice of such funds in the Iranian stock exchange and limited information, the results of this paper show that managers of these funds have no sustainability skills in either of these two dimensions. It is worth noting, however, that by increasing the operating time of these funds as well as using more sophisticated models in which returns and risks are simultaneously investigated, we can provide a sustainability framework for full assessment of managers' skills

Language:
Persian
Published:
Journal of Financial Management Strategy, Volume:8 Issue: 3, 2020
Pages:
175 to 200
magiran.com/p2181177  
دانلود و مطالعه متن این مقاله با یکی از روشهای زیر امکان پذیر است:
اشتراک شخصی
با عضویت و پرداخت آنلاین حق اشتراک یک‌ساله به مبلغ 990,000ريال می‌توانید 70 عنوان مطلب دانلود کنید!
اشتراک سازمانی
به کتابخانه دانشگاه یا محل کار خود پیشنهاد کنید تا اشتراک سازمانی این پایگاه را برای دسترسی نامحدود همه کاربران به متن مطالب تهیه نمایند!
توجه!
  • حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران می‌شود.
  • پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانه‌های چاپی و دیجیتال را به کاربر نمی‌دهد.
دسترسی سراسری کاربران دانشگاه پیام نور!
اعضای هیئت علمی و دانشجویان دانشگاه پیام نور در سراسر کشور، در صورت ثبت نام با ایمیل دانشگاهی، تا پایان فروردین ماه 1403 به مقالات سایت دسترسی خواهند داشت!
In order to view content subscription is required

Personal subscription
Subscribe magiran.com for 50 € euros via PayPal and download 70 articles during a year.
Organization subscription
Please contact us to subscribe your university or library for unlimited access!