EVALUATION OF EQUITY MUTUAL FUNDS’ PERFORMANCE USING A MULTICRITERIA METHODOLOGY

K. Pendaraki and C. Zopounidis

European Research Studies Journal, 2003, vol. VI, issue 3-4, 143-162

Abstract: The evaluation of the performance of mutual funds has been a very interesting research topic for not only researchers, but also for managers of financial, banking and investment institutions. In this study a well-known MCDA method based on the theory of outranking relations, the PROMETHEE II method (Preference Ranking Organisation Method for Enrichment Evaluations; Brans & Vincke, 1985) is used to develop outranking models for mutual funds’ performance. This method is applied on real-world data of mutual funds derived from the Association of Greek Institutional Investors. The results of the PROMETHEE II method are indicative of ranking the funds from the best to the worst ones according to their performance.

Keywords: Mutual funds; Multicriteria analysis; Ranking (search for similar items in EconPapers)
JEL-codes: C52 E22 O16 (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:vi:y:2003:i:3-4:p:143-162

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