The Effect of Organisational Form on Investment Products: an empirical analysis of the UK unit trust industry

2007 ◽  
Vol 15 (6) ◽  
pp. 1244-1259 ◽  
Author(s):  
Yoshikatsu Shinozawa
Keyword(s):  
Empirical Analysis ◽  
Organisational Form ◽  
Unit Trust ◽  
The Uk ◽  
Trust Industry

scholarly journals The persistence of unit trust performance for the period July 1985-June 1995

1998 ◽  
Vol 29 (3) ◽  
pp. 100-108 ◽  
Author(s):  
Margaret C. Meyer
Keyword(s):  
South Africa ◽  
Superior Performance ◽  
Time Periods ◽  
Unit Trust ◽  
Trust Industry

The purpose of this study was to determine whether any persistence of performance existed in the unit trust industry in South Africa over the ten-year period from July 1985 to June 1995. Calculations were done over different time periods (one-, two- and four-year periods) and using different definitions of superior performance (positive Jensen alphas or winner/loser phenomena). Results of nominal returns and risk-adjusted returns were also compared. Results obtained show that persistence in performance does exist, but that it is more of a 'loser' phenomenon than a 'winner' phenomenon.

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