Abstract—The main reason for studying investment
strategies by financial experts is investor’s inability to analyze
the available information and lack of expertise in capital
markets. Therefore researchers have classified investment
strategies from different approaches. One of the most common
categories that has been done on this classification, is passive
strategies, active strategies and momentum investing. Each of
these strategies can be divided into sub-strategies so this means
that in advanced capital markets investors don’t need to
analyses and select their own stocks, but they need to specify
their interest and Preferences which is determined through a
specific questionnaire. This mater makes trading in Stock
Exchange attractive and cause rational behavior of investors in
the market. In This paper we have tried to examine concepts in
four major hypotheses. Our Statistical sample is companies
listed in Tehran Stock Exchange between (2006-2010).We
excluded companies due to high financial leverage, damaging,
low trading and inactive situation as well as investment
companies. To study research’s main and sub research
hypothesis we used two independent-samples T- Test to
compare a sample. The Research conclusion indicated that
performance of active and passive investment strategies in
Tehran Stock Exchange have not any meaningful difference,
although the average investment efficiency of passive
investment strategies is more than active.
Index Terms—Active, Capital Market, Investing Strategy,
passive, Performance.
Dr.Mohammad E. Ezazi , Assistant Professor in the University of Sistan
and Baluchestan, Iran.
Mostafa. Farrokhi Ostad, M.SC of Business Management, University of
Sistan and Baluchestan, Iran (Corresponding author; Tel.:+989158196388 ;
email: mostafafarokhy@gmail.com).
Mojtaba. Farrokhi Ostad, M.SC of Business Management, University of
Sistan and Baluchestan , Iran (email: mojtabafarokhy@yahoo.com).
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Cite:Mohammad E. Ezazi, Mostafa. Farrokhi Ostad, and Mojtaba. Farrokhi Ostad, "Evaluation of Investment Strategies in Iranian Stock Market," International Journal of Trade, Economics and Finance vol.2, no.5, pp. 363-370, 2011.