COMPARATIVE ANALYSIS OF MUTUAL FUNDS IN GHANA
USING BETA AS THE DETERMINANT FACTOR.
LIST OF TABLES
Difference between a Unit Trust and a Mutual Fund
Classification of Collective Investment Schemes in Ghana
Performance of Collective Investment Schemes in Ghana 2010
Market Share and Performance of Collective Investment Scheme in Ghana 2010
Various Collective Investment Scheme with No. Shareholders, Annualized Returns of the funds
Correlation Output Results of NAV, No. Shareholders and Annualized Returns of Listed CIS
Annualized Returns of Four (4) Equity Fund and the Market Index (GSE-ASI)
Annualized MFUND Returns and the 91-Day Treasury Rate
Regression Output Result of EPACK Returns and GSE-ASI
Regression Output Result of SAS Fortune Returns and GSE-ASI
Regression Output Result of NTHC Equity Returns and GSE-ASI
Regression Output Result of Anidaso Returns and GSE-ASI
Regression Output Result of MFUND Returns and GSE-ASI
Regression Output Result of EPACK Returns and GSE-ASI
Summary of Regression Analysis Output Result
Comparative Analysis of Four Equity Fund and one (1) Money Market Fund
LIST OF CHARTS
Performance of Funds as of the End of 2010
Scatter Plot of EPACK's Returns and GSE-ASI
Scatter Plot of SAS Fortune's Returns and GSE-ASI
Scatter Plot of NTHC Horizon's Returns and GSE-ASI
Scatter Plot of Anidaso's Returns and GSE-ASI
Scatter Plot of MFUND's Returns and GSE-ASI
Comparative of Investment Returns (2005-2010)
LIST OF ACRONYMS AND ABBREVIATIONS
Arbitrage Pricing Theory
Anidaso Mutual Fund
Asset Under Management
Capital Asset Pricing Model
Capital Gain Tax
Collective Investment Scheme
Databank Stock Index
Economic Community of West African State
European Fund and Asset Management
Efficient Market Hypothesis
Expected Return of Portfolio
Evelyn Phyllis Angelina Carolina Kingsley
Ghana Stock Exchange
Ghana Stock Exchange All Share Index
Ghana Stock Exchange Composite Index
International Organization of Security Commission
Initial Public Offering
Money Market Fund
Net Asset Value
New Generation Investment Services
National Trust Holding Company
Provisional National Defense Council Law
Real Estate Investment Trust
Return of Market Portfolio
Investor's Risk Tolerance
Strategic African Securities
Securities and Exchange Commission
Stochastic Discount Factor
Statistical Package Social Sciences
Treynor and Mazuy
Utility of the Portfolio
Variance of the Portfolio
The development of our Nation, Ghana, lies in our own hands. Our contribution to economic development goes a long way to secure us in the future. The objective of this research is to compare the various equity funds in Ghana using beta and alpha as the determinant factors. The awareness of the benefits of investment is gradually spreading among the Ghanaian population. However, many who venture into many forms of investment lack the concept of that particular investment.
Ghanaian Investors are gradually increasingly getting interested in mutual fund selection, demanding detailed mutual fund information and investment advice. Many authors have tried to clarify...
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Databank Mutual Fund
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