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The effect of the macro-finance environment on mutual funds during the global financial crisis. How have mutual funds recovered over the years and how has COVID-19 affected them?

dc.contributor.degreegrantinginstitutionAthens University of Economics and Business, Department of Accounting and Financeen
dc.contributor.opponentKavussanos, Emmanuel G.en
dc.contributor.opponentRompolis, Leonidasen
dc.contributor.thesisadvisorSpyrou, Spyrosen
dc.creatorΒαλσαμάκης, Χρυσόστομοςel
dc.creatorΜυλωνάκης, Ανδρέαςel
dc.creatorMylonakis, Andreasen
dc.creatorValsamakis, Chrysostomosen
dc.date.accessioned2025-03-26T20:09:06Z
dc.date.available2025-03-26T20:09:06Z
dc.date.issued20-07-2022
dc.date.submitted2023-02-22 02:01:35
dc.description.abstractLast decades, mutual funds have attracted the attention of investors worldwide. These investment products are especially attractive for private investors who aim to increase their income. Recent years, literature has focused on the impact of a variety of factors, including macroeconomic variables, on mutual funds’ performance. However, mutual funds’ returns have not been extensively investigated and this thesis aims to shed light on this topic. More specifically, the impact of several macroeconomic variables on different mutual funds depending on their rating performance has been investigated. Moreover, there is no existing study focusing on the U.S. mutual funds’ returns, which motivated us to fill this gap in the literature and provide some findings, since U.S. capital markets are of major importance for investors worldwide and a variety of different stakeholders would be interested in identifying the macroeconomic determinants of U.S. mutual funds’ returns. From a technical point of view, the models that have been applied are based on the Arbitrage Pricing Theory model. The findings of the study show that in most cases the U.S. dollar index and FED interest rates are included in the final models for mutual funds’ returns, based on whether their coefficients are statistically significant. Finally, the relationships between the mutual funds’ returns and macroeconomic variables is indicated that change during crises like the GFC and COVID-19 pandemicen
dc.embargo.expire2023-02-22 02:01:35
dc.embargo.ruleOpen access
dc.format.extent42p.
dc.identifierhttp://www.pyxida.aueb.gr/index.php?op=view_object&object_id=10102
dc.identifier.urihttps://pyxida.aueb.gr/handle/123456789/11595
dc.languageen
dc.rightsCC BY: Attribution alone 4.0
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectΠληθωρισμόςel
dc.subjectΑμοιβαία κεφάλαιαel
dc.subjectΕπενδύσειςel
dc.subjectΜακροοικονομίαel
dc.subjectInflationen
dc.subjectMutual fundsen
dc.subjectInvestmentsen
dc.subjectMacroeconomicsen
dc.subjectArbitrage Pricing Theory (APT)en
dc.titleThe effect of the macro-finance environment on mutual funds during the global financial crisis. How have mutual funds recovered over the years and how has COVID-19 affected them?en
dc.title.alternativeΗ επίδραση του μακροοικονομικού περιβάλλοντος στα αμοιβαία κεφάλαια κατά τη διάρκεια της παγκόσμιας χρηματοπιστωτικής κρίσης. Πώς έχουν ανακάμψει τα αμοιβαία κεφάλαια με τα χρόνια και πώς τα επηρέασε ο Covid-19;el
dc.typeText

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