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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)
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
ISSN: 2076-3387
Appears in Collections:Moksliniai straipsniai / Research articles

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