Högriskfonder kontra aktieindex : En studie av makrovariablers påverkan på olika fondalternativ

Sammanfattning: Abstract   Title: High-Risk Funds vs. Mutual- Index Funds A study of macro -variables influence on different funds choice   Level: Final assignment for Bachelor Degree in Business Administration   Author: Moses Yokie & Bo Lemar   Supervisor: Ogi Chun & Cheick Wagué   Date: 2011-05-25   Aim: The purpose with this thesis is to compare two different types of mutual-index fond and a high-risk fund in relation to the macro variables. The purpose also includes an investigation about if an investor will receives a higher return on high-risk fund than on mutual-index fund in a 10 years period. Method: A quantitative method has been use in this study, where the information has been received from Morningstar. Microsoft Excel has been used to process the collected data in order to calculate the expected return and the risk measures. The result is presented in graphs and tables on the empirical capital, in order to analyse and compare it with the theories and the selected macro- variables to see if there will be any correlation.   Conclusion: This research shows that there is no possibility that the macro-variable factors can benefit an investment on high-risk fund or on mutual-index fund in the short run. On the other hand there is a correlation between the high-risk fund and mutual-index fund with the macro-variables factors in the long run.   Suggestion for future research: Base on the results on this thesis. It would be interesting to do a quantitative investigation on more fund category with other macro-variable factors that are not included in this study to compare if there will be any correlation between them.   Key words: High-risk fund, BNP, Mutual-index, Arbitrage, Macro-variable, Inflation.