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

Tayfun Özkan

ISBN 10: 3631879539 / ISBN 13: 9783631879535

Published by Peter Lang, Peter Lang, 2022

About this Item

Druck auf Anfrage Neuware - Printed after ordering - The asset management industry is one of the essential sources of economic growthin a country since it functions as an intermediary between savings and investments.The asset management industry is also important for financial markets to ensure newfunds and it helps investors to achieve their investment goals. Therefore, the aim ofthis study is to analyze the fund management industry in an emerging market. In thisbook, we first reviewed the fund performance measurement ratios and then evaluatedthese performance measures of mutual and pension funds in Turkey between2010 and 2019 to determine whether the funds generate alphas (excess returns). Therisk-adjusted performance measures (Sharpe, Treynor, Information, Jensen's alpha,Sortino, and Omega ratios) were calculated to see if the funds generated excessrisk-adjusted returns during the analyzed period.

Seller Inventory # 9783631879535

Bibliographic Details

• Title: Asset Management and The Case of Turkey: Risk Adjusted Performance Evaluation of Turkish Mutual and Pension Funds
• Publisher: Peter Lang, Peter Lang
• Publication Date: 2022
• Language: English
• ISBN 10: 3631879539
• ISBN 13: 9783631879535
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 210W x 148H x 15D millimeters 210 millimeters width by 148 millimeters height by 15 millimeters depth
• Weight: 341 grams

About this title

Synopsis

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.

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.