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Rates of Return on Open-End Debt Investment Funds and Bank Deposits in Poland in the Years 1995–2015 – A Comparative Analysis
- Source :
- Folia Oeconomica Stetinensia, Vol 16, Iss 1, Pp 93-112 (2016)
- Publication Year :
- 2016
- Publisher :
- Sciendo, 2016.
-
Abstract
- This paper presents the results of a comparison of the rates of return on specific open-end debt investment funds in Poland with the rates of return on bank deposits, in light of different time horizons. A comparative analysis was conducted based on the quartiles of the empirical distributions of the rates of return on selected funds and bank deposits. The empirical distributions were obtained using a moving window of observation. The results were largely influenced by very high interest rates on bank deposits in Poland in the years 1995–2001 (in the case of the oldest funds), and by the boom in the bond market in the years 2011–2012 (for the youngest funds). The investment horizon turned out to be significant. The best and worst funds were identified.
- Subjects :
- comparative analysis
media_common.quotation_subject
Financial system
Passive management
Boom
HB1-3840
Debt
0502 economics and business
Economics
Economic theory. Demography
050207 economics
personal finance
media_common
Rate of return
Finance
050208 finance
business.industry
05 social sciences
Closed-end fund
Global assets under management
Investment (macroeconomics)
deposits
open-end investment funds
HG1-9999
Bond market
d14
g11
business
Subjects
Details
- Language :
- English
- ISSN :
- 18980198
- Volume :
- 16
- Issue :
- 1
- Database :
- OpenAIRE
- Journal :
- Folia Oeconomica Stetinensia
- Accession number :
- edsair.doi.dedup.....f6c0a617a44a97cb33668ed18d267f91