Podrobný výpis o publikaci

DRÁB, Tomáš a Hana FLORIANOVÁ. Closet Indexing: the Case of Czechia. In ČULÍK, Miroslav. 8th International Scientific Conference on Managing and Modelling of Financial Risks. Ostrava: VŠB-Technická univerzita, 2016, s. 179-187. ISBN 978-80-248-3994-3.

Další formáty: BibTeX LaTeX RIS

Základní údaje
Originální název	Closet Indexing: the Case of Czechia
Autoři	DRÁB, Tomáš (203 Česká republika, garant, domácí) a Hana FLORIANOVÁ (203 Česká republika, domácí).
Vydání	Ostrava, 8th International Scientific Conference on Managing and Modelling of Financial Risks, od s. 179-187, 9 s. 2016.
Nakladatel	VŠB-Technická univerzita

Další údaje
Originální jazyk	angličtina
Typ výsledku	Stať ve sborníku
Obor	50202 Applied Economics, Econometrics
Stát vydavatele	Česká republika
Utajení	není předmětem státního či obchodního tajemství
Forma vydání	tištěná verze "print"
Kód RIV	RIV/00216224:14560/16:00091809
Organizační jednotka	Ekonomicko-správní fakulta
ISBN	978-80-248-3994-3
ISSN	2464-6970
UT WoS	000495792700021
Klíčová slova anglicky	Closet indexing; active investing; mutual funds; benchmark; Czechia
Příznaky	Mezinárodní význam, Recenzováno
Změnil	Změnila: Mgr. Daniela Marcollová, učo 111148. Změněno: 28. 4. 2020 11:15.

Anotace
Discussion between advocates of active and passive portfolio management have been lasting for a couple of decades. Evidence of enduring popularity of active management among retail investors can be seen in an astounding amount of actively managed funds offered mainly on vast developed markets. An overwhelming majority of these funds require corresponding charges, in exchange for active management and an opportunity to outperform respective benchmark, which lie significantly higher than those of e.g. ETFs. However, declared effort for active management and its subsequent implementation in practice could turn out to be fundamentally different, and simultaneously there arises a phenomenon of so called closet indexing. Evidence show that closet indexing has been widespread among European funds. The aim of this paper is providing an analysis and assessing an occurrence of closet indexing among mutual funds offered in Czechia in context with the occurrence of this phenomenon abroad.

Anotace

Discussion between advocates of active and passive portfolio management have been lasting for a couple of decades. Evidence of enduring popularity of active management among retail investors can be seen in an astounding amount of actively managed funds offered mainly on vast developed markets. An overwhelming majority of these funds require corresponding charges, in exchange for active management and an opportunity to outperform respective benchmark, which lie significantly higher than those of e.g. ETFs. However, declared effort for active management and its subsequent implementation in practice could turn out to be fundamentally different, and simultaneously there arises a phenomenon of so called closet indexing. Evidence show that closet indexing has been widespread among European funds. The aim of this paper is providing an analysis and assessing an occurrence of closet indexing among mutual funds offered in Czechia in context with the occurrence of this phenomenon abroad.

Návaznosti
MUNI/A/0916/2015, interní kód MU	Název: Behaviorální a znalostní aspekty obchodování a oceňování finančních aktiv
MUNI/A/0916/2015, interní kód MU	Investor: Masarykova univerzita, Behaviorální a znalostní aspekty obchodování a oceňování finančních aktiv, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty