The performance of Indian equity funds in the era of quantitative easing

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dc.authoridTR205121en_US
dc.contributor.authorTan, Ömer Faruk
dc.date.accessioned2015-12-28T11:39:04Z
dc.date.available2015-12-28T11:39:04Z
dc.date.issued2015en_US
dc.departmentİstanbul Ticaret Üniversitesien_US
dc.description.abstractThis study aims to evaluate the performance of Indian equity funds between January 2009 and October 2014. This study period coincides with the period of quantitative easing during which the developing economies in financial markets have been influenced. After the global financial crisis of 2008 came a period of quantitative easing (QE), creating an increase in the money supply and leading to a capital flow from developed countries to developing countries. During this 5-year 10-month period, in which the relevant quantitative easing continued, Indian CNX500 price index yielded approximately 21% compounded on average, per annum. In this study, Indian equity funds are examined in order to compare these funds’ performance within this period. Within this scope, 12 Indian equity funds are chosen. In order to measure these funds’ performances, the Sharpe ratio (1966), Treynor ratio (1965), Jensen’s alpha (1968) methods are used. Jensen’s alpha is also used in identifying selectivity skills of fund managers. Additionally, the Treynor & Mazuy (1966) regression analysis method is applied to show the market timing ability of fund managers.en_US
dc.identifier.endpage24en_US
dc.identifier.issn2149-9608
dc.identifier.issue1en_US
dc.identifier.startpage11en_US
dc.identifier.urihttps://hdl.handle.net/11467/1342
dc.identifier.volume1en_US
dc.language.isoenen_US
dc.publisherİstanbul Ticaret Üniversitesien_US
dc.relation.ispartofInternational Journal of Commerce and Financeen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Başka Kurum Yazarıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectEquity Fundsen_US
dc.subjectPerformance Evaluationen_US
dc.subjectQuantitative Easingen_US
dc.subjectJensen’s Alphaen_US
dc.titleThe performance of Indian equity funds in the era of quantitative easingen_US
dc.typeArticleen_US

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