Affiliation:
1. Vilnius Gediminas Technical University
Abstract
This Article examines performance of mutual funds, which are available for Lithuanian investors in Lithuanian
financial market to invest in. Lithuanian mutual funds market is very new comparing with the global financial
markets. Majority of mutual funds in Lithuania are imported by Scandinavian banks as well as internationally managed,
only few mutual funds are managed in Lithuania. The analysis includes Lithuanian and non-Lithuanian mutual funds in
Lithuanian financial market. Period from 2008 to 2016 is analysed in order to get significant results. This study aims to
analyse the performances of mutual funds in Lithuanian market on the basis of risk and return criteria using different
tools such as Sharpe ratio, Treynor ratio, and Jensen Alpha and others. Also there is analysed variation of these performance
measures during selected time period, and discovered periods, when mutual funds perform above and below than
market indices.
Publisher
Vilnius Gediminas Technical University
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