engleski

Behaviour of Investors in Croatian Investment Funds

The aim of this paper is to investigate the behaviour of investors in Croatian investment funds. Author analyses the relationship between the yield of investment funds and the change of net fund assets. In order to eliminate the impact of change of securities value that fund has in its portfolio on net fund assets, the number of sold shares of fund was chosen for dependent variable, and the yield of investment funds was chosen for independent variable. The coefficient of linear determination between these variables has been calculated. Author uses simple linear regression model to calculate the critical level of yield after the increase or decrease of number of sold fund shares is expected. The research includes two Croatian investment equity funds that have an asset greater then 2.5 billion Kuna.

investment funds; simple linear regression model; fund yield; net fund assets

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