..., it proposes nine modified performance evaluation measures in the M‐DRM framework for the first time. Maximum drawdown risk measure (M‐DRM) Maximum drawdown beta Downside risk Semi‐variance Mutual fund Malaysia Unit trusts Financial risk Mohammad Reza Tavakoli Baghdadabad can be contacted...

...Norma Md. Saad; M. Shabri Abd. Majid; Salina Kassim; Zarinah Hamid; Rosylin Mohd. Yusof Purpose The purpose of this paper is to investigate the efficiency of selected conventional and Islamic unit trust companies in Malaysia during the period 2002 to 2005. Design/methodology/approach The paper...

... Limited 2007 Unit trusts Surveys Germany Most investors do not invest their money themselves, but instead delegate investment decisions to mutual fund managers. It comes as no surprise, therefore, that there is a wealth of literature on mutual fund performance [1] . However, much less...