Assignment Mutual Fund

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FINANCE 411 – FALL 2010

Professor Abraham I. Brodt

ASSIGNMENT 1

DUE DATE: October 15, 2010 [Submit a Hard Copy and via Drop Box; Keep a copy ]

http://www.globefund.com/http://www.globefund.com/review/

http://globefunddb.theglobeandmail.com/gishome/plsql/gis.co_search

1. Choose 2 funds from the Globe and Mail 15-Year Mutual fund Review issue [on internet] as follows:

1. fund names start with the same letter as your surname [or as close as possible]

2. 1 Canadian fund (equity or balanced)

3. 1 International Fund

4. each fund should have 15 years of data.

1. Prepare a 10-12 page typewritten report on the 2 funds you have chosen

-Title Page:Your name, Student ID Number, etc.
Names of the 2 Funds

-Page 1:Executive Summary/Interpretation of your results -Description of the Fund
- Investment Style, Holdings, MER, etc. - R2, alpha, beta, t-stats

Comparison of Regression and Globefund Beta and Risk

Comparison of Predicted vs. Actual Return for YTD 2010

Would you recommend this fund? Why [or why not]?

-Page 2Data and regression results for your fund (see Bodie – use excess returns and appropriate indices and interest rates)

-Pages 3-4Repeat above for your international fund

-Pages 4-12Fund Profiles and Graphs (see Globefund)

Comparison of Predicted vs. Actual Return for 2010

You will have run 2 regressions on 15 years [1995-2009] of annual data – 1 for a Canadian mutual fund, the other for an international mutual fund.

Your regression gives you the alpha and beta estimates.

Compare the actual vs predicted returns for your mutual funds for...
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