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Asset Management and The Case of Turkey: Risk Adjusted Performance Evaluation of Turkish Mutual and Pension Funds

Asset Management and The Case of Turkey: Risk Adjusted Performance Evaluation of Turkish Mutual and Pension Funds


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About the Book

The asset management industry is one of the essential sources of economic growth in a country since it functions as an intermediary between savings and investments. The asset management industry is also important for financial markets to ensure new funds and it helps investors to achieve their investment goals. Therefore, the aim of this study is to analyze the fund management industry in an emerging market. In this book, we first reviewed the fund performance measurement ratios and then evaluated these performance measures of mutual and pension funds in Turkey between 2010 and 2019 to determine whether the funds generate alphas (excess returns). The risk-adjusted performance measures (Sharpe, Treynor, Information, Jensen’s alpha, Sortino, and Omega ratios) were calculated to see if the funds generated excess risk-adjusted returns during the analyzed period.

Table of Contents:
ASSET MANAGEMENT AND THE CASE OF TURKEY — DATA AND METHODOLOGY — FUND CATEGORY PERFORMANCE ANALYSIS — RESULTS — REFERENCES .

About the Author :
Tayfun Özkan is an executive board member at Asset Management Company in Turkey. He is also a part time lecturer in finance at Bahçes¸ehir University. Hakkı Öztürk is an associate professor of finance at Bahçes¸ehir University in Istanbul, Turkey. His areas of expertise include corporate finance, firm valuation, fundamental analysis, technical analysis and portfolio management.


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Product Details
  • ISBN-13: 9783631879535
  • Publisher: Peter Lang AG
  • Publisher Imprint: Peter Lang AG
  • Edition: New edition
  • Language: English
  • Returnable: N
  • Width: 148 mm
  • ISBN-10: 3631879539
  • Publisher Date: 06 Jul 2022
  • Binding: Paperback
  • Height: 210 mm
  • No of Pages: 260
  • Weight: 367 gr


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