Anna OlkovaPublished in:
Global Markets and Financial Engineering (Russian version)
– Volume 3, Number 1 (January-March, 2016)

JEL classification: C13, G11, G12

Keywords: active management, index investing, management quality, market-timing, open-end fund, portfolio efficient frontier


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Abstract:

The author assesses the quality of management of Russian open-end funds comparing it with the standard portfolio. She draws a portfolio efficient frontier for “naive” index investment, assesses the dependence of the quality of a fund’s portfolio management on the fund category; and decomposes the factors influencing the comprehensive assessment of fund management quality.

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