dc.contributor.author | Manjezi, Loyiso | |
dc.date.accessioned | 2008-07-15T08:12:27Z | |
dc.date.issued | 2008 | |
dc.identifier.uri | http://hdl.handle.net/11250/135390 | |
dc.description | Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2008 | en |
dc.description.abstract | Generating strong alpha returns is the primary objectives of fund managers in the South
African mutual fund industry. Given the spectacular growth experienced in the South Africa
mutual fund industry in the recent past, performance evaluation has not only become
prominent in the financial sector but also is critically important to the future growth and
development of the sector. The objective of this paper is to investigate the performance
measurement and ranking of mutual funds using risk-adjusted performance measurement
methods to determine whether funds outperformed the market benchmark. I investigate
whether each performance measure results in significant excess returns during the 2001-2006
period for 15 mutual funds and whether the performance measures identify the same funds as
the best-and worst-performing funds. I also use the Treynor and Mazuy (1966) quadratic
model for assessing the selectivity and timing ability of fund managers. | en |
dc.format.extent | 555409 bytes | |
dc.format.mimetype | application/pdf | |
dc.language.iso | eng | en |
dc.publisher | Universitetet i Agder ; University of Agder | en |
dc.subject.classification | BE501 | |
dc.title | Portfolio performance evaluation of South African mutual funds 2001-2006 | en |
dc.type | Master thesis | en |
dc.subject.nsi | VDP::Social science: 200::Economics: 210::Economics: 212 | en |
dc.subject.nsi | VDP::Social science: 200::Economics: 210::Econometrics: 214 | en |
dc.source.pagenumber | 71 s. | en |