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Theoretical and Applied Economics
No. 4 / 2022 (633), Winter

Portfolio construction and performance evaluation: Evidence from India and Iran

Fatemeh KIASSI
University of Hyderabad, India

Abstract. This paper comparatively examines asset management practices among practitioners in India and Iran as examples of emerging economies, in order to understand to what extent they apply sophisticated models presented in financial literature in constructing portfolios under their management, as well as in portfolio evaluation process. The sophistication of a particular technique is those given by Amenc et al. (2011). The results show that companies in Inia and Iran use less sophisticated models in portfolio selection stage. Regarding the performance evaluation, respondents in both countries seems to be well-aware of market models and risk-adjusted ratios are widely used by practitioners.

Keywords: portfolio management, performance evaluation, portfolio construction, risk, portfolio practitioners.

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016


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