Strathprints Home | Open Access | Browse | Search | User area | Copyright | Help | Library Home | SUPrimo

An exploration of the conditional timing performance of UK unit trusts

Byrne, Alistair and Fletcher, Jonathan and Ntozi, Patricia (2006) An exploration of the conditional timing performance of UK unit trusts. Journal of Business Finance and Accounting, 33 (5-6). pp. 816-838. ISSN 0306-686X

Full text not available in this repository. (Request a copy from the Strathclyde author)

Abstract

We examine the conditional market timing performance of UK unit trusts between January 1988 and December 2002. We find no evidence of superior conditional market timing performance by UK unit trusts either across different portfolios of trusts or by individual trusts. We also find that benchmark investing is significant for UK unit trusts and trusts have high numerical risk aversion to deviations from the benchmark. Our findings suggest that UK trusts act like benchmark investors.

Item type: Article
ID code: 5543
Keywords: conditional timing performance, unit trusts, business finance, financial management, Commerce, Finance, Business, Management and Accounting (miscellaneous), Accounting
Subjects: Social Sciences > Commerce
Department: Strathclyde Business School > Accounting and Finance
Related URLs:
    Depositing user: Strathprints Administrator
    Date Deposited: 02 Mar 2008
    Last modified: 04 Sep 2014 17:24
    URI: http://strathprints.strath.ac.uk/id/eprint/5543

    Actions (login required)

    View Item