Application of Markowitz Portfolio Selection Model to Istanbul Stock Exchange, 1990-1992
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In this study, Markowitz Efficient Frontier is constructed by using stock prices in Istanbul stock exchange for the period of 1990-92. This set of efficient portfolios is compared with mutual funds which are randomly chosen for the same period. Comparison is done on the basis of mean-variance criteria. According to the empirical results, chosen mutual funds for the period of 1990-92 are found to be inefficient.
Markowitz Portfolio Selection Theory
HG5706.5.I88 A45 1995