Artikel
Bond mutual funds vs. bond exchange traded funds: Evaluation of risk adjusted performance
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.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Administrative Sciences ; ISSN: 2076-3387 ; Volume: 9 ; Year: 2019 ; Issue: 2 ; Pages: 1-14 ; Basel: MDPI
- Classification
-
Öffentliche Verwaltung
- Subject
-
exchange traded funds (ETF)
risk
performance
bonds
TOPSIS
- Event
-
Geistige Schöpfung
- (who)
-
Stankevičienė, Jelena
Petronienė, Ieva
- Event
-
Veröffentlichung
- (who)
-
MDPI
- (where)
-
Basel
- (when)
-
2019
- DOI
-
doi:10.3390/admsci9020031
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Stankevičienė, Jelena
- Petronienė, Ieva
- MDPI
Time of origin
- 2019
Other Objects (12)
Bond mutual funds and complex investments
On the valuation skills of corporate bond mutual funds
The determinants of cash flows in Greek bond mutual funds
Burned by leverage? Flows and fragility in bond mutual funds
Overview of bond mutual funds: A systematic and bibliometric review
Missing the marks? Dispersion in corporate bond valuations across mutual funds
Market transparency and the marking precision of bond mutual fund managers
Market transparency and the marking precision of bond mutual fund managers
Exchange Traded Funds
Exchange traded funds : EFTs
An Analysis of the Mutual Fund Industry: Mutual Fund Investors, Mutual Fund Managers and Mutual Fund Companies
An analysis of the mutual fund industry : mutual fund investors, mutual fund managers and mutual fund companies
Bond mutual funds and complex investments
On the valuation skills of corporate bond mutual funds
The determinants of cash flows in Greek bond mutual funds
Burned by leverage? Flows and fragility in bond mutual funds
Overview of bond mutual funds: A systematic and bibliometric review
Missing the marks? Dispersion in corporate bond valuations across mutual funds
Market transparency and the marking precision of bond mutual fund managers
Market transparency and the marking precision of bond mutual fund managers
Exchange Traded Funds
Exchange traded funds : EFTs
An Analysis of the Mutual Fund Industry: Mutual Fund Investors, Mutual Fund Managers and Mutual Fund Companies
An analysis of the mutual fund industry : mutual fund investors, mutual fund managers and mutual fund companies
Bond mutual funds and complex investments
On the valuation skills of corporate bond mutual funds
The determinants of cash flows in Greek bond mutual funds
Burned by leverage? Flows and fragility in bond mutual funds
Overview of bond mutual funds: A systematic and bibliometric review
Missing the marks? Dispersion in corporate bond valuations across mutual funds
Market transparency and the marking precision of bond mutual fund managers
Market transparency and the marking precision of bond mutual fund managers
Exchange Traded Funds
Exchange traded funds : EFTs
An Analysis of the Mutual Fund Industry: Mutual Fund Investors, Mutual Fund Managers and Mutual Fund Companies