The impact of fund size on the risk adjusted performance of South African unit trust funds

Master Thesis

2003

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http://hdl.handle.net/11427/5635
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thesis_com_2003_hibbert_wt (1).pdf (12.65 MB)
Authors
Hibbert, Warren T
Supervisors
Wormald, Michael
Uliana, Enrico
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University of Cape Town

Department
College of Accounting
Faculty
Faculty of Commerce
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Abstract
The primary objective of this study is to investigate the relationship between the sizes of South African unit trust funds, as measured by the market value of assets under management, and their respective risk adjusted returns. The study also seeks to determine the degree to which an identifiable range of asset sizes exists within which the risk adjusted fund returns are maximised. The results of the regression and ranking analysis, performed on a sample of South African unit trust funds over a ten year period, revealed that no statistically significant evidence was found to suggest that a relationship exists between fund size and total or risk adjusted return.
Description

Bibliography: leaves 93-95.

Keywords
Accounting

Reference:

Hibbert, W. 2003. The impact of fund size on the risk adjusted performance of South African unit trust funds. University of Cape Town.

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Masters