Lietuvos investicinių fondų veiklos vertinimas taikant kompleksinio vertinimo modelį

Abstract

Previous studies of mutual funds evaluation models and methods are examined in the article. The rates of risk and return, used by Lithuanian mutual funds, the timing ability Treynor-Mazuy model and their efficiency are discussed. The complex evaluation SAW method is chosen as the solution to mutual funds performance evaluation problem. Based on mutual funds evaluation methods, complex mutual funds performance evaluation model is proposed. The rates of risk and return and funds characteristics are chosen as mutual funds evaluation criteria. Development tendencies of Lithuanian mutual fund market are reviewed. The performance of Lithuanian mutual funds is chosen to apply the prepared model after carrying out analysis of Lithuanian mutual fund market.