Abstract
Mutual funds are defined as assets managed by professionals to enable investments by mitigating asymmetric information in the market. Mutual funds, which appeal to investors with little or no financial literacy or those who prefer professional fund management despite their knowledge, have become popular in recent years to transform savings into investment opportunities. The volume of mutual funds is expected to increase further. Understanding the factors affecting mutual funds, the determinants of funds, or the variables related to funds enhances the comprehensibility of this concept. Quantitative analyses ensure the effective use of funds and increase their functionality. This study examines the relationship between mutual funds and BIST 100 in Turkey using data from 07.06.2019 to 02.05.2024. The total value of mutual funds and their returns relative to the BIST 100 returns were used as variables. Panel data analysis was employed, and the relationship was assessed using the Beck-Katz estimator. The results show a significant and positive relationship between the total value of mutual funds and their returns relative to the BIST 100 returns. This finding illustrates the relationship between mutual funds’ total value and the BIST 100, a benchmark stock market, during the study period. These results provide quantitative information on mutual funds for investors, sectors, and researchers
Keywords
BIST 100; Mutual Funds; Beck-Katz Forecaster
Anahtar kelimeler
BIST 100; Yatırım Fonu; Beck-Katz Tahmincisi
Topics
Financial markets / Finansal piyasalar Mutual funds / Yatırım fonları Forecasting / Tahmin ve öngörü Türkiye'den Bulgular JEL C5 · Econometric Modeling / Ekonometrik Modelleme JEL G2 · Financial Institutions and Services / Finansal Kurumlar ve Hizmetler BIST 100 / BİST 100 Beck-Katz Forecaster / Beck-Katz Tahmincisi
JEL classification / JEL sınıflaması
- C53 Forecasting and Prediction Methods • Simulation Methods
Öngörü ve Tahmin Yöntemleri • Simülasyon Yöntemleri - G23 Non-bank Financial Institutions • Financial Instruments • Institutional Investors
Banka Dışı Finansal Kurumlar • Finansal Araçlar • Kurumsal Yatırımcılar
JEL codes: American Economic Association classification. Turkish descriptions are an unofficial translation. Türkçe açıklamalar gayriresmî çeviridir.
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- APA 7
Saldanlı, A., Medetoğlu, B., & Uzun, S. (2025). Determinants of Mutual Fund Performance: Evidence from Turkey. Ekoist: Journal of Econometrics and Statistics, (42), 86–95. https://doi.org/10.26650/ekoist.2025.42.1566473
- MLA 9
Saldanlı, A., et al. "Determinants of Mutual Fund Performance: Evidence from Turkey." Ekoist: Journal of Econometrics and Statistics, no. 42, 2025, pp. 86–95. https://doi.org/10.26650/ekoist.2025.42.1566473.
- Chicago 17 (author-date)
Saldanlı, A., B. Medetoğlu, and S. Uzun. 2025. "Determinants of Mutual Fund Performance: Evidence from Turkey." Ekoist: Journal of Econometrics and Statistics (42): 86–95. https://doi.org/10.26650/ekoist.2025.42.1566473.
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BibTeX
@article{saldanli2025determinants,
title = {Determinants of Mutual Fund Performance: Evidence from Turkey},
author = {Saldanlı A. and Medetoğlu B. and Uzun S.},
year = {2025},
journal = {Ekoist: Journal of Econometrics and Statistics},
number = {42},
pages = {86-95},
doi = {10.26650/ekoist.2025.42.1566473}
}