tailieunhanh - CAHIER DE RECHERCHE n°2011-01 E2: Evaluation of European Mutual funds Performance

Business Angels increasingly co-invest with other angels and with early stage funds to fill the early- stage equity gap. Business Angel networks (BANs) facilitate the matching of investment demand and supply; they aim to organize and link angels, as well as to attract prospective investment targets (investees) to angels and match both parties for business contacts. Such networks come in a number of forms; some are more like investment clubs, while others are set up on a regional or national basis. Some networks concentrate on a certain industry or sector. One should nevertheless take into account that the closeness to. | CERRG rs Centre drEtudes et de Recherches Appliqưẽes ó la Gestiari- UMR. . 5380 CAHIER DE RECHERCHE n 2011-01 E2 halshs-00658484 version 1 - 10 Jan 2012 Evaluation of European Mutual funds Performance Romana BANGASH - 1 - upntf Unite Mixte de Recherche CNRS Université Pierre Mendès France Grenoble 2 GrenMe 150 rue de la Chimie - BP 47 - 38040 GRENOBLE cedex 9 Universíté Pierre-Mendes-France _ _ Sciences sociales humaines Tél. 04 76 63 53 81 Fax 04 76 54 60 68 halshs-00658484 version 1 - 10 Jan 2012 Evaluation of European Mutual funds Performance Romana BANGASH1 Our primary objective is to suggest some winning styles of investment for investors and proposing some good benchmarking techniques to managers. In other words we can say that which stock picking skill of manager can better earn before-fee excess return We applied Carhart s four factor model on 122 Equity Mutual funds domestically invested in France from 1990 to 2009. Our results indicate that measuring risk with use of the established pricing models is indeed problematic because it is suitable to some markets but not for all and more analytical and empirical work is needed to develop universally adapted risk factors. Keywords Equity Mutual funds four factors model management fee. 1. Introduction In European market the growing importance of funds expenses for investors investment decisions needs some attention. From literature review it is obvious that European fund market has been criticized for under performance and authors have attributed number of reasons in this regard. Keeping in view the uniqueness of European fund market with respect to management styles of institutional investors and expectations of individual investors we want to analyze the performance of some domestically invested funds in this specific region with having a keen look at expenses. We want to suggest some winning styles of investment for investors and proposing some good .

• Quỹ đầu tư
• Forestry Products
• Unilateral Tariff
• Tariff Liberalisation
• Analysis Using
• Strategic Cost
• Management Practices
• Feeding management practices
• Feeding management practices of buffaloes
• Existing housing
• Housing management practices
• Requirements for improving construction site management practices
• Influencers and enablers for modelling the integration of project management
• Construction site management practices for small and medium construction
• Construction site management practices companies
• Framework of requirements
• Integrated crop management
• Farmers’ practices
• Practices over farmers’ practices
• Farmers’ practices in mungbean
• Rainfed condition to validate
• Yellow stem borer
• Integrated pest management practices in paddy
• Eco friendly management practices
• Faulty cultivation practices
• Dairy owners
• Existing management practices
• Buffaloes owners
• Management practices of housing
• Feeding management practices followed
• Best management Practices
• Best management practices of cotton
• Perceived by farmers
• Villages of two mandals
• Dog management practices
• General dog management practices followed
• Management practices followed
• Constraints faced
• Pet owners
• Management theory
• Lecture Management practices
• Managing organizational structure
• Management trends
• Management levels
• Udder health management practices
• Dairy women
• Health management practices by dairy women
• Demonstration on adoption
• Health management practices
• Plant spacing
• Weed control practices
• Plant spacing and weed management practices
• Weed management practices
• Yield of hybrid maize
• Eco friendly practices
• Tribal farmers
• Carbon neutral management practices
• Carbon neutral management practices in agriculture
• Effects of agrochemicals
• Scientific management theory
• Bureaucratic principles
• Value chain management
• Functional activities
• Conflict management strategies
• Political strategies
• Conflict management
• Conflict resolution skills
• Conflict management techniques
• Behavioral management
• Contingency theory
• Knowledge on adoption
• Adoption of integrated pest management practices
• Integrated pest management practices
• Sugarcane growers
• IPM practices
• Organizational performance
• Managerial functions
• Organizational environment
• Industry life cycle