Malaysian unit trust aggregate performance

Managerial Finance

Volumn 33, Issue 2, 2007, Pages 102-121

  Taib, Fauziah Md ^a   Isa, Mansor ^b  

^a SCHOOL OF PHYSICS   (Malaysia)

^b UNIVERSITY OF MALAYA   (Malaysia)

Author keywords

Fund management; Malaysia; Performance monitoring; Unit trusts

Indexed keywords

EID: 85015613301     PISSN: 03074358     EISSN: 17587743     Source Type: Journal    
DOI: 10.1108/03074350710715836     Document Type: Article

References (28)

1. Brown, S.J. and Goetzmann, W.N. (1995), “Performance persistence”, Journal of Finance, Vol. 50, pp. 679-98.
2. Chang, E.C. and Lewellen, W.G. (1984), “Market timing and mutual fund investment performance”, Journal of Business, Vol. 57, pp. 57-72.
3. Chua, C.P. (1985), “The investment performance of unit trusts in Malaysia”, unpublished MBA thesis, Faculty of Economics and Administration, University of Malaya, Kuala Lumpur.
4. Ewe, S.J. (1994), “The performance of Malaysian unit trusts in the period 1988-1992”, unpublished MBA thesis, School of Management, Universiti Sains Malaysia.
5. Firth, M. (1977), “The investment performance of unit trusts in the period 1965-1975”, Journal of Political Economy, Vol. 81, pp. 607-36.
6. Goetzmann, W.N. and Ibbotson, R. (1994), “Do winners repeat? Patterns in mutual fund behavior”, Journal of Portfolio Management, Winter, pp. 9-18.
7. Grinblatt, M. and Titman, S. (1992), “The persistence of mutual fund performance”, Journal of Finance, Vol. 42, pp. 1977-84.
8. Gruber, M. (1996), “Another puzzle: the growth in actively managed mutual funds”, Journal of Finance, Vol. 51, pp. 783-807.
9. Hallahan, T.A. (1997), “Persistence in the fund portfolio performance and the information content of portfolio performance history: an examination of rollover funds”, unpublished MBA thesis, Royal Melbourne Institute of Technology.
10. Hendericks, D., Patel, J. and Zeckhauser, R. (1993), “Hot hands in mutual funds short-run persistence of relative performance (1974-1988)”, Journal of Finance, Vol. 48, pp. 93-130.
11. Henriksson, R.T. (1984), “Market timing and mutual fund performance: an empirical investigation”, Journal of Business, Vol. 57, pp. 73-96.
12. Ippolito, R.A. (1989), “Efficiency with costly information: a study of mutual fund performance, 1965-1984”, Quarterly Journal of Economics, Vol. CIV, pp.1-23.
13. Jensen, M.C. (1968), “The performance of mutual funds in the period 1945-1964”, Journal of Finance, Vol. 23, pp. 389-416.
14. Jobson, J.D. and Karkie, B.M. (1981), “Performance hypothesis testing with the Sharpe and Treynor measures”, Journal of Finance, Vol. 34.
15. Malkiel, B. (1995), “Returns from investing in equity mutual funds 1971-1991”, Journal of Finance, Vol. 50, pp. 549-73.
16. Miller, R.E. and Gehr, A.K. (1978), “Sample size bias and sharpe's performance measure: a note”, Journal of Financial and Quantitative Analysis, Vol. 13 No. 5.
17. Ong, K.W. (2000), “Performance of unit trust in Malaysia in the period of 1995-1999”, unpublished MBA thesis, University of Malaya.
18. Pleschiutschnig, G.A. (1999), “Performance persistence: evidence for the European mutual fund market”, unpublished PhD thesis, University of St. Gallen.
19. Robson, G.N. (1986), “The investment performance of unit trusts and mutual funds in Australia for the period 1969-1978”, Accounting and Finance, Vol. 26, pp. 55-79.
20. Shamsher, M. and Annuar, M.N. (1995), “The performance of unit trusts in Malaysia: some evidence”, Capital Markets Review, Vol. 3 No. 2.
21. Sharpe, W.F. (1966), “Mutual fund performance”, Journal of Business, Vol. 39, pp. 119-38.
22. Taib, F., Shahnon. S. and Lee, H.L. (2002), “Malaysian unit trusts performance”, Proceeding of 4th Annual Malaysian Finance Association Symposium 2001, Penang, pp. 451-74.
23. Tan H.C. (1995), “The investment performance of unit trust funds in Malaysia”, unpublished MBA thesis, University of Malaya.
24. Vos, E.d., Brown, P. and Christie, S. (1995), “A test of persistence in the performance of New Zealand and Australia equity mutual funds”, Accounting Research Journal, pp. 19-34.
25. Wermers, R. (1996), “Momentum investment strategies of mutual funds, performance, persistence, and survivorship bias”, working paper, Graduate School of Business and Administration, University of Colorado.
26. Koh, F. and Koh S.K. (1987), “An empirical analysis of the performance of unit trusts in Singapore”, Securities Industry Review, Vol. 13 No. 2, October.
27. Lee, H.H. (2000), “Performance of unit trusts”, unpublished MBA thesis, School of Management, Universiti Sains Malaysia.
28. Sharpe, W.F. (1964), “Capital asset prices: a theory of market equilibrium under condition of ris”, Journal of Finance, Vol. 16, pp. 425-138.