Comparing the return on portfolios of unit trusts in malaysia using follow-the-winner and buy-and-hold strategy
| dc.contributor.author | Salleh, Sobri | |
| dc.date.accessioned | 2016-05-11T01:53:16Z | |
| dc.date.available | 2016-05-11T01:53:16Z | |
| dc.date.issued | 2007 | |
| dc.description.abstract | This study examines the performances of unit trusts in Malaysia over the period of 2001 until 2006. Performance is analyzed from the main perspectives of raw return and risk adjusted return based on Edge-Lipper's winner list. Edge-Lipper publishes yearly list of the winner funds based of various categories according to their custom-made criteria. The main objectives of this study is to look into a simple strategy that naive unit trust investors in Malaysia can used to maximize their return by buying a portfolio of unit trusts with different categories. Performances differences between Conventional and Islamic based unit trust is compared using the two strategies. Performance differences based on follow-the-winner and buy-and-hold strategy is analyzed using Raw Return, Treynor index and Sharpe ratio based on different risk categories of investors. Investor's investment horizon was also taken into account during the analysis. Overall findings of the analyses indicate that follow-the-winner strategy produced better return as compared to buy-and-hold. This strategy works particularly well with the conventional units trust. There are limitations in this study due to the limited number of unit trusts that belong to the Edge-Lipper's winner list and the short time frame of the period under study. The findings from this study can facilitate naive unit trust investors to apply a simple strategy in order to maximize returns on their unit trust investment. | en_US |
| dc.identifier.uri | http://hdl.handle.net/123456789/2007 | |
| dc.language.iso | en | en_US |
| dc.title | Comparing the return on portfolios of unit trusts in malaysia using follow-the-winner and buy-and-hold strategy | en_US |
| dc.type | Thesis | en_US |
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