Asset Management and The Case of Turkey: Risk Adjusted Performance Evaluation of Turkish Mutual and Pension Funds
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A01=Hakki Ozturk
A01=Tayfun Ozkan
Adjusted
Author_Hakki Ozturk
Author_Tayfun Ozkan
Category=KCF
Category=KCJ
Category=KJ
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Product details
- ISBN 9783631879535
- Weight: 342g
- Dimensions: 148 x 210mm
- Publication Date: 06 Jul 2022
- Publisher: Peter Lang AG
- Publication City/Country: CH
- Product Form: Paperback
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The asset management industry is one of the essential sources of economic growth
in a country since it functions as an intermediary between savings and investments.
The asset management industry is also important for financial markets to ensure new
funds and it helps investors to achieve their investment goals. Therefore, the aim of
this study is to analyze the fund management industry in an emerging market. In this
book, we first reviewed the fund performance measurement ratios and then evaluated
these performance measures of mutual and pension funds in Turkey between
2010 and 2019 to determine whether the funds generate alphas (excess returns). The
risk-adjusted performance measures (Sharpe, Treynor, Information, Jensen’s alpha,
Sortino, and Omega ratios) were calculated to see if the funds generated excess
risk-adjusted returns during the analyzed period.
in a country since it functions as an intermediary between savings and investments.
The asset management industry is also important for financial markets to ensure new
funds and it helps investors to achieve their investment goals. Therefore, the aim of
this study is to analyze the fund management industry in an emerging market. In this
book, we first reviewed the fund performance measurement ratios and then evaluated
these performance measures of mutual and pension funds in Turkey between
2010 and 2019 to determine whether the funds generate alphas (excess returns). The
risk-adjusted performance measures (Sharpe, Treynor, Information, Jensen’s alpha,
Sortino, and Omega ratios) were calculated to see if the funds generated excess
risk-adjusted returns during the analyzed period.
Tayfun Özkan is an executive board member at Asset Management Company in Turkey.
He is also a part time lecturer in finance at Bahçes¸ehir University.
Hakkı Öztürk is an associate professor of finance at Bahçes¸ehir University in Istanbul,
Turkey. His areas of expertise include corporate finance, firm valuation, fundamental
analysis, technical analysis and portfolio management.
