Friday, 21 October 2011: 5:15 PM
Investing in mutual funds has become more and more popular in Poland. The aim of the research is evaluation of the open-end mutual funds that operate at the Polish market. The analysis is provided for the rates of return of the participation units from selected investment funds, applying popular efficiency measures such as: Sharpe index, Treynor ratio, and Jensen index. Comparable analysis of investigated funds is provided using these ratios separately, and aggregated measures.