Some contributions to the analysis and construction of funds in South Africa

dc.contributor.advisorBradfield, Daveen_ZA
dc.contributor.authorArdington, Carolynen_ZA
dc.date.accessioned2016-01-02T04:39:45Z
dc.date.available2016-01-02T04:39:45Z
dc.date.issued1997en_ZA
dc.descriptionBibliography: pages 144-152.en_ZA
dc.description.abstractFollowing international trends, the South African unit trust industry has become one of the fastest growing forms of investment in our financial market. Since the first fund was established in 1965, the industry has grown to over 100 funds with more than 20 companies managing these funds. Since 1990 there has been particularly rapid growth in 'Specialist Equity Funds' with more than 30 new 'specialist' unit trusts emerging. Specialist equity fund managers usually concentrate their investments on a particular sector of the economy or alternately aim to satisfy specific characteristic investment objectives. Two classes of specialist equity funds, namely Index funds and International funds, have emerged recently in our unit trust industry and are receiving increasing attention from the investment community. Much attention therefore is given to these funds in this thesis. The growing importance of the unit trust industry has heightened the need to effectively and accurately measure the performance of managed funds. A wealth of literature exists in this field and a number of models have been developed to measure the performance of managed funds and the fund managers themselves. This thesis reviews and demonstrates the implementation of these various measures with the emphasis on providing a practical interpretation of each measure. Although the recent development of Index funds and International funds has received considerable attention in the financial media, little attention has been paid to the technical aspects of the construction of these funds in the academic literature. To the authors knowledge there has been no published research on the construction of Index funds or International funds in South Africa. This thesis examines approaches to constructing Index funds and International funds and empirically assesses these approaches on the Johannesburg Stock Exchange (JSE).en_ZA
dc.identifier.apacitationArdington, C. (1997). <i>Some contributions to the analysis and construction of funds in South Africa</i>. (Thesis). University of Cape Town ,Faculty of Science ,Department of Statistical Sciences. Retrieved from http://hdl.handle.net/11427/16111en_ZA
dc.identifier.chicagocitationArdington, Carolyn. <i>"Some contributions to the analysis and construction of funds in South Africa."</i> Thesis., University of Cape Town ,Faculty of Science ,Department of Statistical Sciences, 1997. http://hdl.handle.net/11427/16111en_ZA
dc.identifier.citationArdington, C. 1997. Some contributions to the analysis and construction of funds in South Africa. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Ardington, Carolyn AB - Following international trends, the South African unit trust industry has become one of the fastest growing forms of investment in our financial market. Since the first fund was established in 1965, the industry has grown to over 100 funds with more than 20 companies managing these funds. Since 1990 there has been particularly rapid growth in 'Specialist Equity Funds' with more than 30 new 'specialist' unit trusts emerging. Specialist equity fund managers usually concentrate their investments on a particular sector of the economy or alternately aim to satisfy specific characteristic investment objectives. Two classes of specialist equity funds, namely Index funds and International funds, have emerged recently in our unit trust industry and are receiving increasing attention from the investment community. Much attention therefore is given to these funds in this thesis. The growing importance of the unit trust industry has heightened the need to effectively and accurately measure the performance of managed funds. A wealth of literature exists in this field and a number of models have been developed to measure the performance of managed funds and the fund managers themselves. This thesis reviews and demonstrates the implementation of these various measures with the emphasis on providing a practical interpretation of each measure. Although the recent development of Index funds and International funds has received considerable attention in the financial media, little attention has been paid to the technical aspects of the construction of these funds in the academic literature. To the authors knowledge there has been no published research on the construction of Index funds or International funds in South Africa. This thesis examines approaches to constructing Index funds and International funds and empirically assesses these approaches on the Johannesburg Stock Exchange (JSE). DA - 1997 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 1997 T1 - Some contributions to the analysis and construction of funds in South Africa TI - Some contributions to the analysis and construction of funds in South Africa UR - http://hdl.handle.net/11427/16111 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/16111
dc.identifier.vancouvercitationArdington C. Some contributions to the analysis and construction of funds in South Africa. [Thesis]. University of Cape Town ,Faculty of Science ,Department of Statistical Sciences, 1997 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/16111en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentDepartment of Statistical Sciencesen_ZA
dc.publisher.facultyFaculty of Scienceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherFinancial Statisticsen_ZA
dc.titleSome contributions to the analysis and construction of funds in South Africaen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMScen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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