Performance evaluation of type a mutual funds in turkey

In recent years, mutual funds are also developing rapidly in Turkey as in international markets. Due to these developments, the increasing number of investors and the performance evaluation of the growing mutual fund portfolios have become a necessity. Measuring the performance of mutual funds with various analysis methods and reviewing the investment decisions according to the analysis results is very important in terms of both individual investors and fund managers. Professional fund managers are expected to demonstrate greater selectivity and timing ability overall than individual investors. In this context, individual investors instead of directly creating expectations in this portfolio, prefer to receive investment funds. However, the performances of fund managers, who determine the content of investment funds and change frequently, is actually controversial. The main aim of this study is to measure and compare the performance of Type-A mutual funds in Turkey. Scope of the study, 47 Type-A mutual funds which operate continuously during the period June 2013 and May 2015, have been analyzed. According to the findings obtained, it can be stated that investment funds generally perform fairly well when the comparison criteria are taken into account.