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

Table Of Contents

• Cover
• Title
• Copyright
• About the authors
• About the book
• This eBook can be cited
• Preface
• Contents
• Abbreviations
• Symbols
• 1. Asset management and the case of Turkey
• 1.1 Asset management’s role within economy and the financial system
• 1.2 An overview of asset management industry in Turkey
• 2. Data and methodology
• 2.1 The big picture
• 2.2 Performance analysis methodology in fund management
• 2.2.1 Absolute risk-adjusted performance measures
• 2.2.2 Relative risk-adjusted performance measures
• 2.2.3 Measures based on downside risk and higher moments
• 2.3 Data
• 2.3.1 Returns data
• 2.3.2 Benchmark data
• 2.3.3 Data for asset allocations of fund portfolios
• 2.3.4 Risk-free rate data
• 2.3.5 Risk-adjusted performance measures data
• 2.3.6 Management fee data
• 3. Fund category performance analysis
• 3.1 Mutual fund categories vs defined benchmarks
• 3.1.1 Gold funds
• 3.1.2 Fixed income funds
• 3.1.3 Equity funds
• 3.1.4 Multi asset funds
• 3.1.5 Participation funds
• 3.1.6 Short-term fixed income funds
• 3.1.7 Short-term lease certificates funds
• 3.1.8 Money market funds
• 3.2 Pension fund categories vs. defined benchmarks
• 3.2.1 Gold funds
• 3.2.2 Fixed income funds
• 3.2.3 Government bonds funds
• 3.2.4 Foreign currency denominated government bonds funds
• 3.2.5 Private sector fixed income funds
• 3.2.6 Equity funds
• 3.2.7 Government contribution funds
• 3.2.8 Government contribution participation funds
• 3.2.9 Standard participation funds
• 3.2.10 Standard funds
• 3.2.11 Money market funds
• 3.2.12 Initiation funds
• 3.2.13 Initiation participation funds
• 4. Results
• 4.1 Results comparison vis-a-vis time horizon
• 4.2 Results comparison vis-a-vis single index models
• 4.3 Results comparison of the same mutual and pension fund categories
• References
• List of figures
• List of tables