The performance of UK investment trusts

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dc.citation.epage81en_US
dc.citation.issueNumber1en_US
dc.citation.spage67en_US
dc.citation.volumeNumber16en_US
dc.contributor.authorBal, Y.en_US
dc.contributor.authorLeger, L. A.en_US
dc.date.accessioned2016-02-08T10:49:57Z
dc.date.available2016-02-08T10:49:57Z
dc.date.issued1996en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThe 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.identifier.doi10.1080/02642069600000007en_US
dc.identifier.issn0264-2069
dc.identifier.urihttp://hdl.handle.net/11693/25753
dc.language.isoEnglishen_US
dc.publisherRoutledgeen_US
dc.relation.isversionofhttps://doi.org/10.1080/02642069600000007en_US
dc.source.titleThe Service Industries Journalen_US
dc.titleThe performance of UK investment trustsen_US
dc.typeArticleen_US

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