Φίλιππας, ΝικόλαοςDuring the last years the mutual funds industry has experienced explosive growth, not only worldwide but in Greece also. This growth can be attributed to the unique benefits that mutual funds offer to individual investors. As a result of this widely documented trend, the performance of portfolio managers has become an increasingly important focus among financial analysts. This paper is unique in evaluating Greek mutual fund managers in terms of «market timing» and «selectivity» performance using new methodology. It should be noted that since the official General Index does not include dividends, a new index named Total Performance Index, constructed by us, is employed into the analysis. The empirical results do not reveal any ability of the fund managers to time the market correctly or select undervalued securities, irrespectively of how the returns of the index are calculated.application/pdfhttps://spoudai.unipi.gr/index.php/spoudai/article/view/1127engUniversity of PiraeusCopyright (c) 2001 SPOUDAI - Journal of Economics and Business1105-8919Σπουδαί - Journal of Economics and Business2241-424XSPOUDAI - Journal of Economics and Business; Vol 51, No 1-2 (2001); 142-163Ανάλυση επενδύσεωνΑμοιβαία κεφάλαιαΕλλάδαCapital assets pricing modelFinanceMathematical modelsΜια εμπειρική αξιολόγηση της επίδοσης των Ελλήνων διαχειριστών αμοιβαίων κεφαλαίωνΜια εμπειρική αξιολόγηση της επίδοσης των Ελλήνων διαχειριστών αμοιβαίων κεφαλαίωνinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersion2001-01-01Δημοσίευση σε περιοδικόPublication in journalΧρηματοοικονομικάFinanceisi - Business, Finance covers resources primarily concerned with financial and economic correlations, accounting, financial management, investment strategies, the international monetary system, insurance, taxation, and banking.Επιστημονικό άρθροScientific articleΠανεπιστήμιο ΠειραιώςGreek Aggregator OpenArchives.gr | National Documentation Centre (EKT)other