Evaluation of equity mutual funds operating in the Greek financial market

Abstract

Assesses the 1995‐1998 performance of 17 equity mutual funds operating in the Greek financial market, explains the calculations involved and reviews relevant research. Ranks the funds by daily, weekly, monthly and total return for the period and compares them with the general Athens Stock Exchange index. Goes on to rank them by total risk, coefficient of variation and systematic risk before applying Treynor’s index, Sharpe’s index and Jensen’s approach. Presents the results in detail and summarizes the main findings.