Browsing by Author "BOAHENE, PRISCILLA"

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    EVALUATING THE PERFORMANCE OF MUTUAL FUNDS: A CASE STUDY OF ANIDASO MUTUAL FUND
    (AUGUST, 2015 ) BOAHENE, PRISCILLA
    Many investments companies are operating in the Ghanaian financial market, thus performance evaluation study is very essential and useful for prospective investors to make informed decision regarding their choice and selection of mutual fund. This study seeks to evaluate the performance of the Anidaso mutual fund of the New Generation Investment Services in the Kumasi metropolis. Specific objectives were to examine the funds administration method used by NGIS, to carry out a detailed assessment of the Anidaso mutual fund using trend analysis, evaluate the performance of the fund relative to GSE index and that of the 91days T-bill, and evaluate the performance of the fund relative to Data Bank‟s E-pack. Data for the study was collected to cover the period 2009 to 2013 on all the indicators, a trend analysis was done to assess the fund‟s performance whiles a composite measure comprising of Jensen‟s alpha, Treynor‟s index and Sharpe‟s index were also used to assess the fund‟s return on the risk aspect of the study. The researcher gathered from the study that the fund managers of Anidaso mutual fund use an administration method known as the advanced portfolio accounting system. It was also find out that comparatively, the Anidaso mutual fund posted considerable higher returns than that of the GSE index for the years considered, thus four out of the five years. However, the Anidaso mutual fund did posted slightly lower returns as against the 91 days t- bill rate and that of E-pack‟s return, thus showing higher returns in only two out of the five years considered.