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https://hdl.handle.net/10356/57680
Title: | Persistence in performance of unit trusts : Singapore | Authors: | Ang, Kenneth Teck Kiong Chua, Ah Peng Phua, Kian Seah |
Keywords: | DRNTU::Business::Finance::Investments | Issue Date: | 1997 | Abstract: | In this study, we examine the relation between past and future fund performance. Unlike past local studies, we also investigate the relation between persistent fund performance and three other determinants: Bid-Ask Spread, Fund Type, and Management Fee. The results indicate that the size of the Bid-Ask Spread is a cause of persistence in performance. Lower Bid-Ask Spreads tend to exhibit positive fund performance persistence in the long run. The type of fund also plays an important role in persistent fund performance. Central Provident Fund (CPF)-approved funds and Singapore/Malaysia funds display significantly positive persistence in the long run. In addition, funds with low management fees demonstrate positive persistent Mind performance while those with high management fees show significantly negative persistence in performance. | Description: | 118 p. | URI: | http://hdl.handle.net/10356/57680 | Schools: | Nanyang Business School | Rights: | Nanyang Technological University | Fulltext Permission: | restricted | Fulltext Availability: | With Fulltext |
Appears in Collections: | NBS Student Reports (FYP/IA/PA/PI) |
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File | Description | Size | Format | |
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NBS FYP 1997_22.pdf Restricted Access | 13.19 MB | Adobe PDF | View/Open |
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