Dorota Żebrowska-Suchodolska

© D. Żebrowska-Suchodolska. Article available under the CC BY-SA 4.0 licence


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From an investor's point of view, the appropriate selection of a fund is an important issue. When making such a choice, many elements should be considered. These include not only the fund's rate of return or its risk, but also the comparison of the fund's results with an appropriate benchmark. The aim of the research was to apply principal component analysis (PCA) to reduce the dimension of the indicators that help the investor in selecting a fund. The subject of the study was 15 equity funds that had been on the Polish market for many years. The research showed that it is possible to reduce the primary variables to two dimensions.


PCA, investment funds, decision-making, tau-Kendall correlation coefficient, investment efficiency


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