Applying the mathematical expected growth on common investment Funds and assessing pure productivity growth indices based on Malamaqueist productivity index
Subject Areas : Business Management
Ali Mansory
1
,
Homa Droody
2
,
Nargess Saadati
3
1 - عضو هیات علمی گروه مدیریت دانشگاه زنجان
2 - استادیار،گروه مدیریت بازرگانی، واحد زنجان، دانشگاه آزاد اسلامی،زنجان،ایران
3 - کارشناس ارشد، گروه مدیریت بازرگانی، واحد زنجان، دانشگاه آزاد اسلامی،زنجان،ایران
Keywords: Common investment fund, Sea, Malmqueist total factor productivity, profit growth expectation, pure growth assessment,
Abstract :
The favorable investment funds play a suitable role in economic growth and development of a country. Thus, the investment fund has a key role in guiding the capital investment. The study aimed at the performance net growth of investment funds. The research method was casual-comparative. In order to assess the total productivity changes the malamaqeist, s total productivity index in regard to its assessment growth regression was used. According to the previous researches, the beta coefficient of the fund, expenses and net asset value (NAV) at the beginning of each year was selected as input variable, and the average annual return on investment (ROI) from the time of establishment, and the end of the year (NAV) were used as output variable. Accordingly the total malmaqueist,s productivity index was applied to the 19 common investment funds in 2013 and 2014 respectively. At the same time, mathematical expected growth of investment funds was compared with the status of each investment funds growth (regression) to neutralize the impact of environmental factors and assess the productivity performance growth in relation to each other. The results showed that the first mutual funds of agricultural bank with 314percent growth performance was in the first rank and gained the greatest growth rate and the joint funds of omid-saham with 38 percent regression had the greatest decline.
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