Branschfonders risk och avkastning
Hur påverkar konjunkturcykeln?
Background: Funds have become a more popular way for investments. After the financial crisis in 2008 there was some sectors that shown a better results than other depending if the sector was affected by the economic situation or not. Therefore can investments in sector funds be a good way to get a high return, but it also has a high risk.Problem: Has the risk any impact on the return considered funds in sectors that is affected by the economic situation relatively to sectors that isn?t affected by the situation in the economy?Purpose: Determine whether sector funds risk has any impact on the return. Also if there are any differences between sectors depending if they are affected by the economic situation or not. The study target is private investors who want a deeper understanding for sector funds regarding the different variables you have to consider before an investment.Method: The study is based on a deductive approach and ponders in current theories. Different methods have been used with both primary and secondary data. The qualitative data is based on interviews and the quantitative data is based on statistics. To estimate if there is any connection regarding risk and return a regression analysis has been formed.Conclusion: The study shows that there is a connection between risk and return for sector funds, but that the connection is not significant. Investing in sector funds is not a long term investment, but one should distinguish between sectors that are cyclically sensitive and sectors that are not sensitive cyclically and therefore investing over various economic cycles.