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

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.

Grantor dc:publisher.institution

College of Accounting

Year dc:date.issued

2003

Author dc:creator

• Hibbert, Warren T

Advisors dc:contributor.advisor

• Wormald, Michael
• Uliana, Enrico

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/11427/5635

OAI identifier oai:identifier

oai:open.uct.ac.za:11427/5635