Investment Performance Analysis of Managerial Expertise: Evidence from Malaysian-Based International Equity Unit Trust Funds
2022-10-11
This paper evaluates the investment performance of Malaysian-based international equity funds. The results on the overall fund performance using Jensen’s (1968) model indicate that, on average, international funds have significant negative risk-adjusted returns over the study period from 2008-2010. Since the model ignores market timing activity, it implicitly attributes theContinue Reading