| dc.contributor.author | Bal, Y. | en_US |
| dc.contributor.author | Leger, L. A. | en_US |
| dc.date.accessioned | 2016-02-08T10:49:57Z | |
| dc.date.available | 2016-02-08T10:49:57Z | |
| dc.date.issued | 1996 | en_US |
| dc.identifier.issn | 0264-2069 | |
| dc.identifier.uri | http://hdl.handle.net/11693/25753 | |
| dc.description.abstract | The Performance of 92 UK investment trusts was analysed over the period 1975 to 1993 using the Sharpe Treynor and Jensen measures of portfolio performance. A very high degree of correlation was found between the measures. Even without correction for transactions costs funds did not on average outperform the market, although a few individual funds appeared to do so. Fund rankings by the Sharpe measure showed significant intertemporal persistence, especially in the income-producing group of funds, which needs further investigation. | en_US |
| dc.language.iso | English | en_US |
| dc.source.title | The Service Industries Journal | en_US |
| dc.relation.isversionof | https://doi.org/10.1080/02642069600000007 | en_US |
| dc.title | The performance of UK investment trusts | en_US |
| dc.type | Article | en_US |
| dc.department | Department of Economics | en_US |
| dc.citation.spage | 67 | en_US |
| dc.citation.epage | 81 | en_US |
| dc.citation.volumeNumber | 16 | en_US |
| dc.citation.issueNumber | 1 | en_US |
| dc.identifier.doi | 10.1080/02642069600000007 | en_US |
| dc.publisher | Routledge | en_US |
