%0 Journal Article
%T Bond Mutual Funds vs. Bond Exchange Traded Funds: Evaluation of Risk Adjusted Performance
%A Ieva Petronien£¿
%A Jelena Stankevi£¿ien£¿
%J Administrative Sciences | An Open Access Journal from MDPI
%D 2019
%R https://doi.org/10.3390/admsci9020031
%X Growing acceptance of passive bond exchange traded funds (ETFs) and actively managed bond mutual funds has exposed the need to find a divide between these two comparatively similar types of instrument. This paper provides a comparative analysis of actively managed bond funds and passive bond ETFs in the context of multiple criteria. The research of risk-adjusted performance of a sampled group of bond funds and ETFs using the TOPSIS multi-criteria decision-making method revealed that actively managed bond funds have a modest advantage over passive bond ETFs. Moreover, the final findings indicate the funds¡¯ performance dependability on portfolio composition by fixed income sector. View Full-Tex
%U https://www.mdpi.com/2076-3387/9/2/31