AKTIV ELLER PASSIV FÖRVALTNING -EN UNDERSÖKNING AV SVENSKA FONDERS RISKJUSTERADE AVKASTNING UNDER OLIKA BÖRSFASER

Abstract

Mutual funds are at an all-time high in popularity in Sweden and have risen extensively the last decades, with equity funds as the most sought-after. The purpose of this study is to examine and distinguish the performance of 38 active and 13 passive Swedish mutual equity funds over the time-period 2011-2020 and during the volatile period of the corona pandemic, 2020. The study uses a quantitative research method and is using multiple financial performance measures to examine, analyze, and comparing the results gathered. Previous studies indicate that the efficient market hypothesis holds under wide time-periods which is also established in this study with no statistically significance on neither performance measure. During the pandemic there is statistically significance on two out of three tested performance measures, which implies that active funds outperform passive funds in a volatile stock market. These results support the view of some previous studies with similar conclusions.