Förvaltarens betydelse : En jämförande studie av storbankernas förvaltning av regionala fonder inriktade på Europa
The success of fund saving in Sweden came in 1978 when the government introduced the favorable tax fund savings system. Today funds are the most used form of saving in Sweden, so that it can be calculated that the value of fund savings exceeds 1500 billion SEK. Savers can choose from a variety of funds, the most common being mutual funds. Since many banks offer similar funds it is difficult to know which one has the best fund administration
The purpose of this study is to examine which of the four biggest banks in Sweden has the best fund administration. The banks are, SEB, Handelsbanken, Nordea and Swedbank. The study is limited to four funds with focus on Europe in each bank. These are Sweden funds, Nordic funds, European funds and East European funds. The different categories have also been compared in this study. Data has been collected from morningstar.se and the web pages of the above mentioned banks. The numbers have then been applied to with some well-tried theories, such as Sharpe ratio, Jensen's alpha and Treynor ratio.
The results demonstrated no great differences between the fund administrations, though Swedbank had the highest average return in relation to the risk in most of the funds. In the different categories, however, there were major differences. The East European funds had the highest return in all the banks. Though the differences between the banks in the different categories were rather small.
Source Type:Master's Thesis
Keywords:business studies företagsekonomi
Date of Publication:01/01/2009