List of Articles صندوق سرمایه گذاری مشترک

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  1 - The Effect of Environmental and Managerial Factors on Investment Mutual Funds' Return in Iran
  Z. Poorzamani A. Rohy A.M. Safari
  The capital market as a mirror of economy has different functions. One is to improve liquidity in themarket, which provides security for investors. Financial innovations for managing risks are aim toachieve this goal. Accordingly, various kinds of funds have been design More

  The capital market as a mirror of economy has different functions. One is to improve liquidity in themarket, which provides security for investors. Financial innovations for managing risks are aim toachieve this goal. Accordingly, various kinds of funds have been designed to collect money fromnonprofessional investors in order to reduce risk and make a profit. In this study, we gathered datafrom 13 authorized mutual funds during a 65-week period . To examine the effect of variables on fundreturns, the Fama-MacBeth multilateral regression model was used. The parameters were estimatedusing a mixed panel-data model. Seven fundamental hypotheses were tested; three were disproved;and the rest were confirmed. The results show a meaningful and positive correlation between funds’ex-fluctuations of returns, last period return, age, assets turnover rate, and acquired return. However,no positive or meaningful correlation was found between assets under funds managers’ control, fundfees and charges, rate of injection of new money to funds, and the funds’ acquired returns Manuscript profile
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  2 - Evaluating the Sequrity Selection Skill and Market timing Ability of Iranian Mutual Fund Managers
  Hashem Nikoomaram Azadeh Farahani
  This study intends to examine the security selection abilities and market timing abilities of Fund Managers in Iran by evaluating the performance of 5 mutual funds ranging in the period from the beginning of 1389 until the end of 1393. The models used to judge stock sel More

  This study intends to examine the security selection abilities and market timing abilities of Fund Managers in Iran by evaluating the performance of 5 mutual funds ranging in the period from the beginning of 1389 until the end of 1393. The models used to judge stock selection skills are Jensen (Single Factor) and Carhart (4 Factor). Market timing ability is evaluated using the Augmented Treynor- Mauzey Model. To test the hypothesis of time series data regression is used. The results showed that among research topic funds, according to the single factor model (jensen’s measure), only in one fund it also at a confidence level of 90%, security selection to be seen as significant, and in confidence level of 95%, security selection not significant in any case. according to the 4-factor Carhart model, only in one fund it also at a confidence level of 93%, security selection to be seen as significant, and in confidence level of 95%, security selection not significant in any case. Market timing in 4 of 5 samples was found to significantly that unfortunately every 4 cases were negative.       Manuscript profile
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  3 - بررسی عملکردصندوقهای سرمایه گذاری مشترک در بورس اوراق بهادار تهران
  محمد اصولیان مهدی نصراله
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  4 - مقایسه ارزیابی عملکرد صندوق‌های سرمایه گذاری مشترک مبتنی بر نسبت‌های شارپ ، پتانسیل مطلوب وبازده واقعی
  زهرا پورزمانی آزیتا جهانشاد نادیا قنادی
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