Fondförvaltares finansiella prestationer

: sett utifrån demografiska faktorer samt gruppaspekter

Abstract

The interest of saving in funds has risen in recent years. Since eight of ten Swedes have got savings in funds it’s important to investigate what affects the funds’ performance, based on who manages the fund.

The purpose of the study is to contribute with increased knowledge about what affects the performance of fund managers. The focus of the study is firstly on different demographic aspects and how they affect the risk-adjusted returns. Secondly the study examines whether group performances are superior to individuals. Lastly the study also examines whether more diverse groups perform better than less diverse groups.

The study is based on a positivistic approach and a research strategy with a deductive approach. The method selection is characterized by a quantitative approach where data is based on non-index funds in the Morningstar categorization of Sverigefonder.

The overall conclusions of the study is that different demographical aspects have different effects on the risk-adjusted returns. Groups generally perform worse than individuals and the study also concludes that the more diversified the group gets, the worse the results will be.