MUTUAL FUND MANAGEMENT PERFORMANCE IN TRANSITION COUNTRIES: DOMESTIC VS. FOREIGN MUTUAL FUND MANAGERS – RESEARCH FINDINGS FOR SLOVENIA

Tanja Markovic-Hribernik () and Andrej Kuzner ()
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Tanja Markovic-Hribernik: Faculty of Economics and Business, University of Maribor, Maribor
Andrej Kuzner: Probanka d.d.,Maribor

Romanian Economic Business Review, 2013, vol. 8, issue 4, 84-105

Abstract: In this paper, the performance of management approaches of different equity mutual funds marketed in Slovenia are compared based on their origin; domestic versus foreign. The purpose of this study is to determine whether foreign mutual fund managers are better performing than their domestic counterparts. Referring to the period 2006-2010, this research was carried out on a sample of selected domestic and foreign equity mutual funds, which were treated separately according to the geographical orientation of their investment policies (developed markets vs. emerging markets). Management performance was analysed by means of risk-adjusted return measures, i.e. Sharpe, Traynor and Sortino ratios. In general, the research findings do not confirm foreign mutual fund managers to be outperforming the domestic operators.

Keywords: domestic mutual funds; foreign mutual funds; mutual fund management performance; transition countries (search for similar items in EconPapers)
Date: 2013
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