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

Is international trust performance predictable over time? A note

Fletcher, J.E. and Marshall, A.P. (2008) Is international trust performance predictable over time? A note. Accounting and Finance, 48 (1). pp. 123-132. ISSN 0810-5391

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

Abstract

We examine whether past return measures have any significant predictive ability for future returns of UK unit trusts with international equity objectives. We find significant positive persistence between the past return performance of the trust relative to its investment sector and future trust returns relative to its sector. This result holds at short-run and long-run return horizons. The persistence is stronger in trusts that perform well relative to their sector. Our findings suggest that the past return performance of the trust relative to their sector provides a useful guide to future return performance relative to their sector.

Item type: Article
ID code: 8161
Keywords: performance persistence, international unit trusts, investment sector, G10, G12, Accounting
Subjects: Social Sciences > Commerce > Accounting
Department: Strathclyde Business School > Accounting and Finance
Related URLs:
Depositing user: Strathprints Administrator
Date Deposited: 07 Aug 2009 09:58
Last modified: 12 Mar 2012 10:48
URI: http://strathprints.strath.ac.uk/id/eprint/8161

Actions (login required)

View Item