• ISSN: 2155-7950
  • Journal of Business and Economics

Testing Estimate Treynor Index to the Investment Funds on Capital

Market in Bosnia and Herzegovina

Almir Alihodžić
(University of Zenica, Bosnia and Herzegovina)
Abstract: The slow process of privatization in Bosnia and Herzegovina has had an adverse impact on the rapid growth of the capital market. Expectations that investment funds have an important role in the restructuring of companies have proved unreal, since they are, by their decision, more focused on portfolio investment, rather than strategic investment. This paper will investigate the level of development of the fund industry by calculating specific market performance and the Treynor index for a given group of mutual funds.
Key words: mutual fund; treynor index; BIFX; capital market
JEL codes: G1, G2, G23

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