Purpose: The purpose of this study is to examine the difference in return between Swedish and Russian hedge Funds while considering the risk taken.Method: This study is based on quantitative data on Funds' historical returns from the electronic database Morningstar.se. Additional data is taken from the Funds websites, the Swedish National Bank and Fondbolagens förening.Result and conclusion: All hedge Funds, both the Russian and Swedish performed better thanthe index. The Russian hedge Funds nevertheless performed better than their Swedishcounterparts in all three evaluation methods..

The purpose with this study is to investigate Funds that are environmentally friendly. Environment issues has become a large subject that affects all aspects in today?s society.  It is a global issue which has affected the awareness of environmentally friendly products and its benefits for the environment.How has this awareness affected the financial market?  In this study the authors have looked at six environmentally sound Funds and six energy Funds to answer the question if it´s better to have your money in traditional energy or in renewable energy.This study is made in an quantitative way, the data has been gathered from the internet database Morningstar. The energy Funds have had its biggest assets in companies dealing with oil, and the environmentally sound Funds have had its biggest assets in renewable energy. Bye looking at the different Funds rate of return and relating that to risk managing theories of Sharpe and Treynor, the authors compared the two types of Funds.During the period that was looked at during this study ( third quarter of 2007 until third quarter 2010) the energy Funds outperformed the environmentally sound Funds in every aspect. .

The success of fund saving in Sweden came in 1978 when the government introduced the favorable tax fund savings system. Today Funds are the most used form of saving in Sweden, so that it can be calculated that the value of fund savings exceeds 1500 billion SEK. Savers can choose from a variety of Funds, the most common being mutual Funds. Since many banks offer similar Funds it is difficult to know which one has the best fund administrationThe purpose of this study is to examine which of the four biggest banks in Sweden has the best fund administration. The banks are, SEB, Handelsbanken, Nordea and Swedbank.

The general pension supplement introduced in 1960 which introduced the public pension Funds in Sweden. In the late 1990s the Swedish pension system was reformed and established the current structure. Today, Funds are one of the most common forms of savings in Sweden and mutual Funds are the most common type.The purpose of this study is to analyze the risk-adjusted returns for the AP Funds in the period 2003-2009. Study was based on five Funds that are most similar and have the same mission. These Funds are AP1, AP2, AP3, AP4 and AP7.The method used in this study is mainly based on a survey of the figures and measurable units of statistical methods that have been carried out by a quantitative approach.

Hedge Funds have the past few years become an increasingly popular investment alternative and in the last decade hedge fund assets managed have quadrupled to USD 2000 billion, a growth rate of around 25-30% per year. One explanation for this substantial increase is that hedge Funds' minimum limits on capital invested has declined, which have made ??them available to retail investors. The recent turmoil in financial markets has also contributed to investors finding their way to hedge Funds, whose goal is to generate stable returns regardless of how the market develops.Using Sharpe?s, Treynor?s and Jensen's performance measures, I have investigated whether hedge Funds manage to generate higher risk-adjusted returns than traditional managed Funds.

Background: Mutual Funds have become an important part of the Swedish deposit market. Savings in mutual Funds add up to almost 20 percent of the households'assets. When the pension reform is carried out all employees are going to have savings both in mutual and bond Funds. But only if the fund overperforms the market it is worth investing. Purpose: The purpose of this study is to explore if Swedish mutual Funds have generated higher returns than market portfolio in the late nineties.

The first four AP-Funds have a well-diversified Swedish portfolio, which is managed in similar way as the largest Swedish bank Funds. Up until today, there has not been any comparable study that focuses specifically on this part of the AP-Funds. Our aim is two-folded; First we will look at how well the AP-Funds have managed their Swedish assets compared with Swedish Funds of the four largest banks in Sweden during 2002-2006. This will be done by looking at some important key ratios and both absolute and active return. Secondly we will present a descriptive analysis of the management structure within the respective organisations, to be able to draw conclusions regarding the possible deviations in investment return.

Aim: Based on portfolio theory, which highlights diversification, and CSR, which describes the value of social and ethical responsibility of corporations, this study examines whether there is a difference in risk-adjusted performance between ethical and traditional mutual Funds. Ethical Funds are limited in their opportunities of diversification and should therefore be limited in their potential perfomance. On the other hand, a focus on social and ethical responsibility can be profitable.Method: The study uses a quantitative approach where we used 25 mutual fund in each category, ethical and conventional mutual Funds. The mutual Funds and their data has been obtained from www.morningstar.se and www.pensionmyndigheten.se. Historical performance between 2009-2013 were processed to obtain the Sharpe ratio and M2.

Syftet med uppsatsen är att med hjälp av händelsestudiemetodik undersöka om förändringar av The Federal Funds Rate ger avvikande avkastning på Stockholmsbörsen. Teorin utgörs av den effektiva marknadshypotesen, där vi utgår från den semistarka formen av marknadseffektivitet, aktiers räntekänslighet samt investerares beteende vid makroekonomiska nyheter. Undersökningen visar att det finns avvikande avkastning på Stockholmsbörsen vid förändringar av The Federal Funds Rate. Resultatet varierar dock mellan A- och O-listan..

The main purpose of the study is to investigate Sweden's four large banks, concerningrisk and return, to see if there are any differences between them. The paper will alsoinvestigate the following sub sections: are there any differences in how the banks havesucceeded in managing geographically targeted Funds and if there are any differencesin how Funds are performing according to the fund size.The study is based on a quantitative method and has a deductive approach. Theselection consists of all of the four banks Swedish and Nordic Funds (according tomorningstar.se 's categories "Sverige" and "Norden"). The study is based on secondarydata gathered from sources such as Morningstar, Affärsvärlden, Dagens Industri andthe Swedish National Banks websites.Swedbank Robur has performed the highest results in the case of Swedish Funds.Handelsbanken has performed the highest results in the case of Nordic Funds and thetotal of all Funds that are in the study. Based on the results of the study it was possibleto distinguish a link between fund size and the annual return. .

Background: There has been an increase in savings and investment in recent years along with an increased interest in responsible investments. Ethical mutual Funds has developed and gained increasingly popularity.Aim: The aim of the study is to examine if ethical mutual Funds are an equivalent alternative to traditional mutual Funds in terms of return, risk and risk-adjusted return on the Swedish stock market.Theory: Beta, Jensen's Alpha, Sharpe ratio, Treynor ratio, and Modern Portfolio Theory.Method: Quantitative survey method, a statistical study.Conclusion:The study concludes that there is no significant difference between ethical and conventional mutual Funds in terms of return, risk and risk-adjusted return. The small differences that exist between the two fund groups are in favor of the ethical fund group, indicating that Funds is a comparable investment option compared to traditional mutual Funds..

Purpose:        The intention of this study is to distinguish if there is a correlation between mutual Funds administration fee and their return. The study will also observe if there is a difference regarding the return between active and passive management fees.Method:        The study is founded on a deductive approach because the study is based on existing theories. Quantitative research based on statistical data has been used. A correlation analysis has been applied to determine if there is a correlation between the chosen variables.Conclusion:   The conclusion of the study is that active management of Funds mainly do not give a higher return than passive management Funds. Neither is the administration fee dependent on the risk a fund has..

There are various investments to suit different investors, what affects the investor is the risk he/she takes with the investment and also the awareness  the investor has. According to different theories a higher risk gives even a higher yield to compensate for the extra risk the investor takes.In this paper, we discuss and compare two different forms of savings, Swedish closed-end Funds and Swedish mutual Funds to examine what alternative that generates highest returns in relation to the risk.To help, we use different evaluation measures that adjusts the different investments risk so that you can compare how well the investments have performed regardless of the risk they have. This will give us an answer about what investment form that have performed the best between 2002.01.01-20010.12.31. Five Sweden mutual Funds and five closed-end Funds have been selected to participate in the survey.To evaluate this, it is primarily quantitative data, analyzed in the evaluation measures. The results obtained in the survey show that Swedish closed-end Funds have performed far better during the selected time period.

Hedge Funds? importance within the financial system has during the most recent years increased dramatically. These special Funds are unique instruments that differ from traditional mutual Funds in a variety of ways, however especially in how they expect returns. Due to the fact that hedge Funds are able to hold short positions they possess the possibility to become market neutral investment vehicles.Because of this possibility to sustain positions neutral to market fluctuations, the concept of absolute returns became a unique selling point for hedge fund managers and promises of stable returns unchallenged by market conditions was assured. This research paper aims to examine the theory of absolute returns in hedge Funds by examining hedge Funds from the Nordic region during the last years of economic turmoil that has occurred by  analyzing the results from their strategies, partially by quantitative measurements as well as qualitative.  The results show that none of hedge fund strategies managed to deliver absolute returns over the chosen period..

AbstractThe purpose of this thesis has been to investigate if the Swedish legislation concerning taxation of dividends to foreign investment Funds is in violation to EU law. Furthermore, the thesis will analyze if the Fondskatteutredningens suggestions to changes in the current legislation is appropriate to the purpose it tries to obtain.Today there is a difference in the taxation of dividends paid to Swedish investment Funds and foreign investment Funds. Dividends paid to foreign investment Funds is being taxed in accordance with the Coupon Tax Act (1970:624), in which no deduction of the tax is possible. Swedish investment Funds on the other hand have the possibility to deduct as much of the received dividends that they have given in dividends to its shareholders.The difference in the taxation between investment Funds because of origin has been reviewed by both Swedish court and by the European Court of Justice. It has in these cases been up to the courts to review if a difference in taxation of dividends could constitute a violation of the free movement.