Zhodnocení výkonnosti portfolia vybraných fondů kolektivního investování

Abstract

The theme of this diploma thesis is to evaluate the performance of the portfolio of selected collective investment funds. The popularity of collective investment is growing constantly. This is evidenced by the growing share of assets managed by trustees in public mutual funds. The key question is to find out what the real performance of mutual funds is. The aim of this diploma thesis is to evaluate the performance of seven selected mutual funds, four of which are equity mutual funds and three bond funds. The selected mutual funds are the products of the investment companies ČSOB, Conseq and Amundi. The assessment of the performance of the Mutual Fund Portfolio will be based on the use of risk-adjusted portfolio performance measurement methods over a five-year period.

The diploma thesis contains five main chapters in total. Begining with the introduction, this is followed by the second chapter, which deals with the characteristics of the collective investment opportunity and the factors that can influence the performance of the selected portfolio. The second part of the thesis is extended in the third chapter, which describes in detail risk-adjusted methods of portfolio performance measurement, CAPM model and statistical verification. The fourth chapter is the most important part of this diploma thesis because it is an application chapter that applies the theoretical and methodological basis to selected mutual funds. In this chapter are selected selected mutual funds, two market portfolios and a risk-free asset are further defined. The final section of this chapter is treated comprehensive summary evaluation of the performance of selected mutual funds.