...Bonolo Maggie Thobejane; Beatrice D. Simo-Kengne; John W. Muteba Mwamba Purpose The purpose of this paper is to evaluate the performance of 191 equity unit trusts in an emerging market, South Africa over the period from February 2006 to January 2016, which captures different market conditions (pre...

...) insurance hypothesis appears to be supported. © Emerald Group Publishing Limited 2012 Mutual funds Expected market risk premium Conditional performance evaluation Time‐varying risk Risk management Unit trusts The growth in mutual fund assets over the last four decades has spawned...

... when the information is reliable. Fair value accounting Investment trusts Value relevance Restricted securities Relevance Reliability Unit trusts United States of America Many institutions that publicly report precise market values for their holdings or CDOs and CMOs are in truth...

... examines investors' timing sensitivity for the best and worst‐performing funds. Taiwan Investors Unit trusts Cash flow Mutual funds Investors' timing Loss aversion Performance persistence Return‐chasing At the beginning of each month, equally weighted portfolios of the funds were formed...

... Unit trusts Index investing is a strategy that attempts to approximate the performance of a broad market index. Indexing in bond funds is simply an extension of the concept of indexing which has become familiar for stock funds. In 2007, the market share of index funds constituted 17 percent...

... can be contacted at: norris_larrymore@quinnipiac.edu © Emerald Group Publishing Limited 2009 Performance appraisal Fund management Investment funds Unit trusts In this study, we examine the value added by fund managers from a different perspective. Using a measure based on work...

.... Investors Unit trusts Flow of funds Fund management Behavioral economies The most voluminous set of critique of traditional finance questions the classical view of investors' rationality. Black (1986) laid the foundation by emphasizing the role of noise on a wide range of economic activities...

... is the return on fund i during the period t, value_i,t−1 is the NAV of an investment in fund i at time t −1 and value_i,t is the value of an investment in fund i at time t. Unit trusts Assets...

.... This enabled investigation in to whether managers adapted their strategies. Unit trusts Management strategy Game theory United Kingdom Rogér Otten can be contacted at: r.otten@finance.unimaas.nl © Emerald Group Publishing Limited 2008 The general idea of tournament hypothesis...

..., a relatively new risk‐adjusted performance measure, first proposed by Franco Modigliani and Leah Modigliani in 1997, is used to evaluate these equity funds. Performance measures Unit trusts Risk assessment Diversification © Emerald Group Publishing Limited 2008 Onur Arugaslan can...

... and French (2002) stressed the importance of considering the portfolio weighting and portfolio composition when measuring fund performance. In the Malaysian context, the performance of mutual funds or more popularly known as unit trust funds as reported by Shamsher and Annuar (1995) , Tan (1995...

... to the mutual funds literature. The returns on the unit trust funds are derived from two components namely income and the capital gain. The rate of returns for each fund is calculated as follows: (see equation 1) where In this study, we employ three standard methods namely the Treynor's Index...

...Soo‐Wah Low; Noor Azlan Ghazali Purpose The primary objective of the paper is to examine the short and long run price linkages between Malaysian unit trust funds and the stock market index as proxied by the Kuala Lumpur composite index (KLCI) over the period 1996‐2000. Design/methodology...

... for estimating the investment style of the unit trust funds, and using the weak‐form of style analysis by Amenc, Sfeir and Martellini, to measure the risk‐adjusted performance of the funds with alpha and selection return. Findings This study concludes that: First, the inclusion of asset classes with negative...

...Fauziah Md. Taib; Mansor Isa Purpose This paper seeks to focus on examining unit trust performance in Malaysia over the period 1991‐2001. Design/methodology/approach The broad based study covers full economic cycles using 7 different performance measures: raw return, market adjusted return...

... Planner at Merrill Lynch) Personal interview. (September 2, 2002). Wisenberger. Closed-end Funds and the Mysterious Premium/Discount. Research. httpwww.closed-endfunds.com. 2002. Unit trusts Venture capital Financial markets © Emerald Group Publishing Limited 2004 ...