Hodnocení výkonnosti portfolia podílových fondů

Abstract

The aim of the thesis is to evaluate portfolio performance of selected Czech equity mutual funds. Apart from an introduction and a conclusion the work is divided into three chapters. The first one is concerned with investment decisions and collective investment. By defining the collective investment the main focus is on mutual funds. In the second chapter the portfolio theory related to performance evaluation is specified, next the methodology of performance evaluation is described. In the area of performance evaluation are primarily defined the risk-adjusted measuring methods and market timing regressive models, which are applied in the following practical part. In the last chapter are specified nine Czech share mutual fund intended for further performance evaluation. Next the entry data are collected and processed by selected method of performance evaluation. The calculations are made ex-post for the period 2009 to 2013. Eventually, the results are interpreted and the performance evaluation to specific mutual funds is accomplished.