The Performance of Indian Equity Funds in the Era of Quantitative Easing PDF Download
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Author: Omer Tan
Publisher:
ISBN:
Category :
Languages : en
Pages : 14
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Book Description
This study aims to evaluate the performance of Indian equity funds between January 2009 and October 2014. This study period coincides with the period of quantitative easing during which the developing economies in financial markets have been influenced. After the global financial crisis of 2008 came a period of quantitative easing (QE), creating an increase in the money supply and leading to a capital flow from developed countries to developing countries. During this 5-year 10-month period, in which the relevant quantitative easing continued, Indian CNX500 price index yielded approximately 21% compounded on average, per annum. In this study, Indian equity funds are examined in order to compare these funds' performance within this period. Within this scope, 12 Indian equity funds are chosen. In order to measure these funds' performances, the Sharpe ratio (1966), Treynor ratio (1965), Jensen's alpha (1968) methods are used. Jensen's alpha is also used in identifying selectivity skills of fund managers.
Author: Omer Tan
Publisher:
ISBN:
Category :
Languages : en
Pages : 14
Get Book Here
Book Description
This study aims to evaluate the performance of Indian equity funds between January 2009 and October 2014. This study period coincides with the period of quantitative easing during which the developing economies in financial markets have been influenced. After the global financial crisis of 2008 came a period of quantitative easing (QE), creating an increase in the money supply and leading to a capital flow from developed countries to developing countries. During this 5-year 10-month period, in which the relevant quantitative easing continued, Indian CNX500 price index yielded approximately 21% compounded on average, per annum. In this study, Indian equity funds are examined in order to compare these funds' performance within this period. Within this scope, 12 Indian equity funds are chosen. In order to measure these funds' performances, the Sharpe ratio (1966), Treynor ratio (1965), Jensen's alpha (1968) methods are used. Jensen's alpha is also used in identifying selectivity skills of fund managers.
Author: Gözde Ünal
Publisher:
ISBN:
Category :
Languages : en
Pages : 15
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Book Description
This paper aims to evaluate the performance of A-Type Turkish equity funds between January 2009 and November 2014. This study period coincides with the period of quantitative easing during which the developing economies in financial markets have been influenced dramatically. Thanks to the increase in the money supply directed towards the capital markets, a relief was experienced in related markets following the crisis period. During this 5-year 10-month period, in which the relevant quantitative easing continued, Borsa Istanbul (BIST) yielded 21% compounded on average, per annum. A-Type Turkish equity funds' weekly returns used also as to compare these funds performance in this period. Within this framework, fourteen A-Type equity funds are included in the study by using weekly returns. In order to measure these funds' performances, Sharpe ratio (1966), Treynor ratio (1965) and Jensen alpha (1968) methods are used. Jensen's alpha also provides information on selectivity skills of fund managers. Additionally, market timing ability of fund managers is analyzed using regression methods of Treynor & Mazuy (1966) and Henriksson & Merton (1981).
Author: Muneesh Kapur
Publisher: International Monetary Fund
ISBN: 1475516835
Category : Business & Economics
Languages : en
Pages : 66
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Book Description
The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then exacerbated by domestic policy bottlenecks and volatility in international financial markets during mid-2013. Appropriate domestic oil prices and fiscal consolidation will contribute to the recovery of private sector investment. Fiscal consolidation would also facilitate a reduction in inflation, which would moderate gold imports and favorably impact real exchange rate and current account deficit.
Author: Alan P. Chan
Publisher: EJ International
ISBN: 0989031209
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
In his 2008 Congressional testimony, Dr. Alan Greenspan, Former Federal Reserve Chairman, noted a flaw in the economic model he previously thought defined how the world works. Greenspan was referring to the ability of banks and markets to regulate themselves an ideology he admitted went wrong with the 2008 economic meltdown. The author has a unique perspective from the inside. He covers topics like inflation, quantitative easing, the fiscal cliff, and the global debt crisis with clarity and purpose. Dr. Alan P. Chan is presenting his research as evidence of money s shaky foundation as an economic driver that Dr. Greenspan's critical flaw presents an excellent investment opportunity. Well-argued and ultimately quite persuasive With a straightforward, accessible writing style that conveys his obvious passion for the topic, Chan articulates important points of economic theory without becoming too abstract. Chan s insight is enthralling." ELIZABETH MILLARD, ForeWord Clarion Reviews. "Dr. Chan does a great job of taking complicated financial concepts and explaining them in a fresh and clear manner. He also offers up some thoughtful ideas on how to navigate today's volatile financial landscape. BRIAN SAMSON, Founder & CEO, HR for Startups. Dr. Chan s book is needed for today s financial times. His guide will help stop you from making bad investments, avoiding financial debt, and ultimately provide answers to the questions you've been asking for years. What s the real picture? How to invest long term profitably and safely? How to protect my future? What happens in the next crisis? How can I avoid the traps? BILL CHAN, Corporate Advisory Chair of Seine Image International Co. Ltd. The Critical Flaw describes how true and seriously faulty the assumptions on which we built our financial world upon. Brimming with straightforward facts and strategies, anyone can use Dr. Chan s book to overcome the key fears and questions associated with investing in physical gold and silver. ESTHER JIN, MSOD, Private Wealth Manager. If you want to deploy a section of your portfolio into precious metals, then this book is the invaluable tool you ll need in order to capitalize on accurate concepts and helpful tactics which will allow you to protect your assets against the next financial crash and also profit from it. This is a must-read. RALUCA IONITA, Co-Founder and Managing Director AYG Romania. "Dr. Chan paints a bleak picture about the current state of a flawed global financial system. Through shrewd investing and economic foresight, he takes us on a journey towards financial independence, free from the control of central banks and governmental monetary policy." CASEY FONG, Founder of Dreaming Emotion. Heartfelt, inspiring, simple and clear. The Critical Flaw reveals a new approach for investors who want to succeed in this new economic landscape. I loved it SIMEON DACUMOS, CEO & Creative Director of Simeon Dacumos Co.
Author: M. Ayhan Kose
Publisher: World Bank Publications
ISBN: 1464815453
Category : Business & Economics
Languages : en
Pages : 403
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Book Description
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author: Paramita Mukherjee
Publisher: Springer Nature
ISBN: 9811676682
Category : Business & Economics
Languages : en
Pages : 303
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Book Description
This book provides perspectives on the latest developments and pertinent issues in the Indian financial sector in current times. The reforms initiated in the nineties in the financial sector have transformed the way financial markets and institutions function today. However, certain sectors like banking, and markets like the capital market have undergone sea changes. The research contributions in this book focus on the issues pertaining to such sectors like banking, NBFCs and the stock market. The opening up of financial markets and emergence of institutional investors have been a significant phenomenon in the Indian context. At this backdrop of increasing financial integration, the impact of financial liberalisation on the overall development of the sector, and how the global policies and events influence the Indian financial sector, are analysed in the book. The emergence of new regulations in the capital markets to instill more discipline and transparency, have also changed the way corporates take financing decisions. For example, regulatory authorities are continuously reviewing norms pertaining to issues like promoters’ shareholding owing to risks arising from excessive leverage and the linkages between financial intermediaries. Corporate governance, environmental aspects are some important additions in corporate financing norms in the recent past. The book incorporates a discussion on this, too. Apart from these, the book also has incorporated several aspects on an emerging concept called financial inclusion, its measurement and constraints to achieve the same. And finally, at the backdrop of the disruption created by the COVID-19 pandemic, the impact on the Indian capital market is also discussed. Contributions are based on rigorous empirical research and incorporate the perspectives of renowned academicians in the field of finance and financial economics across the country. Apart from the research community, this book will also be helpful for financial analysts working in the financial sector to have some idea about the current issues, the direction of research on those issues and different perspectives on them.
Author: Board of Governors of the Federal Reserve System
Publisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0
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Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Author: Karan Mehrishi
Publisher: Taylor & Francis
ISBN: 1040038484
Category : History
Languages : en
Pages : 159
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Book Description
Prosperous countries have a socio-economic operating system, which India lacks. This book argues that India must incorporate a structure aligned with its collective identity to compete globally for wealth creation. The book, divided into three epochs—Past, Present, and Future—offers a comprehensive understanding of India as a country, economy, and value system. Print edition not for sale in South Asia (India, Sri Lanka, Nepal, Bangladesh, Pakistan and Bhutan)
Author: Peng Dou
Publisher: Springer Nature
ISBN: 9464634413
Category : Electronic books
Languages : en
Pages : 957
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Book Description
Author: Iwan J. Azis
Publisher: Springer
ISBN: 9812872841
Category : Business & Economics
Languages : en
Pages : 129
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Book Description
This book discusses the risks and opportunities that arise in Emerging Asia given the context of a new environment in global liquidity and capital flows. It elaborates on the need to ensure financial and overall economic stability in the region through improved financial regulation and other policy measures to minimize the emergent risks. "Managing Elevated Risk: Global Liquidity, Capital Flows, and Macroprudential Policy—An Asian Perspective" also explores the range of policy options that may be deployed to address the impact of global liquidity on domestic financial and socio-economic conditions including income inequality. The book is primarily aimed at policy makers, financial market regulators and supervisory agencies to help them improve national regulatory systems and to promote harmonization of national regulations and practices in line with global standards. Scholars and researchers will also gain important information and knowledge about the overall impacts of changing global liquidity from the book.
