Open-Ended Funds in Romania. Their Performance in an Economically Difficult Environment
Title: | Open-Ended Funds in Romania. Their Performance in an Economically Difficult Environment |
Issue: |
Vol. 5, No 2a, 2012
Published date: 20-07-2012 (print) / 20-07-2012 (online) |
Journal: |
Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459 |
Authors: | Tudorache Florentin Gabriel |
Keywords: | open ended funds, Romania, investment funds’ performance |
DOI: | 10.14254/2071-789X.2012/5-2a/5 |
DOAJ: | https://doaj.org/article/0652805e9579445b89db831b9f4d5c56 |
Language: | English |
Pages: | 57-70 (14) |
JEL classification: | G23, G11, D53, E22 |
Website: | https://www.economics-sociology.eu/?201,en_open-ended-funds-in-romania.-their-performance-in-an-economically-difficult-environment |
File | https://www.economics-sociology.eu/files/09_MOD_Tudorache%20Gabriel%20Open%20ended%20funds%20in%20Romania%20FINAL%20revised%20V1.pdf |
Romania is one of the emerging markets, where the investment funds market is less developed than in other European countries, but developing fast. The number of open-ended funds increased in the 20 years of existence of the investment market, reaching 60 in 2012. The paper looks at the open-ended funds’ evolution (measured through the yearly changes in value of the fund unit), in the period 2010-2012. The main objective is to analyze the performance of the different types of mutual funds in a comparative manner and to assess them against the industry benchmark. The analysis takes place in a period of economic turmoil and based on the findings, the paper attempts to point out advices on what would be good placements for investors during economically difficult periods.