Application of Markowitz Portfolio Selection Model to Istanbul Stock Exchange, 1990-1992

Date
1995
Advisor
Erol, Ümit
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Publisher
Bilkent University
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Language
English
Type
Thesis
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Abstract

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.

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Keywords
Mean, Mutual Funds, Markowitz Portfolio Selection Theory, Portfolio, Variance
Citation
Published Version (Please cite this version)