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Please use this identifier to cite or link to this item:
http://dspace.vgtu.lt/handle/1/3949
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| Title: | Bond Mutual Funds vs. Bond Exchange Traded Funds: Evaluation of Risk Adjusted Performance |
| Authors: | Stankevičienė, Jelena
Petronienė, Ieva |
| Keywords: | exchange traded funds (ETF)
risk
performance
bonds
TOPSIS |
| Issue Date: | 2019 |
| Publisher: | MDPI |
| Citation: | Stankevičienė, J.; Petronienė, I. Bond Mutual Funds vs. Bond Exchange Traded Funds: Evaluation of Risk Adjusted Performance. Adm. Sci. 2019, 9, 31. |
| Series/Report no.: | 9;2 |
| Abstract: | Growing acceptance of passive bond exchange traded funds (ETFs) and actively managed bond mutual funds has exposed the need to find a divide between these two comparatively similar types of instrument. This paper provides a comparative analysis of actively managed bond funds and passive bond ETFs in the context of multiple criteria. The research of risk-adjusted performance of a sampled group of bond funds and ETFs using the TOPSIS multi-criteria decision-making method revealed that actively managed bond funds have a modest advantage over passive bond ETFs. Moreover, the final findings indicate the funds’ performance dependability on portfolio composition by fixed income sector. |
| Description: | This article belongs to the Special Issue Rational Decision Making in Risk Management |
| URI: | http://dspace.vgtu.lt/handle/1/3949 |
| ISSN: | 2076-3387 |
| Appears in Collections: | Moksliniai straipsniai / Research articles
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