Do fund managers have expertise? : evidence from Singapore's fund management industry.
Singapore’s asset management industry has been growing rapidly over the last 5 years. For a burgeoning financial centre, fund management expertise is vital for attracting investment inflows. In this project, we investigate if funds that predominantly invest in the Stock Exchange of Singapore posses...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2010
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/38843 |
| _version_ | 1826119159478484992 |
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| author | Low, Wee Jia. Teoh, Jason Kian Heng. Liow, Yurong. |
| author2 | Low Chan Kee |
| author_facet | Low Chan Kee Low, Wee Jia. Teoh, Jason Kian Heng. Liow, Yurong. |
| author_sort | Low, Wee Jia. |
| collection | NTU |
| description | Singapore’s asset management industry has been growing rapidly over the last 5 years. For a burgeoning financial centre, fund management expertise is vital for attracting investment inflows. In this project, we investigate if funds that predominantly invest in the Stock Exchange of Singapore possess stock picking skills that yield significant abnormal returns. We apply the bootstrapping method together with Carhart 4-factor model and measured the excess returns generated by funds that invested mainly in Singapore from 2003 to 2008. Our findings are similar to various studies on the US and UK funds’ performance which concluded that fund managers generally do not have significant stock picking expertise. |
| first_indexed | 2024-10-01T04:55:32Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/38843 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T04:55:32Z |
| publishDate | 2010 |
| record_format | dspace |
| spelling | ntu-10356/388432019-12-10T12:51:53Z Do fund managers have expertise? : evidence from Singapore's fund management industry. Low, Wee Jia. Teoh, Jason Kian Heng. Liow, Yurong. Low Chan Kee School of Humanities and Social Sciences DRNTU::Business::Finance::Investments Singapore’s asset management industry has been growing rapidly over the last 5 years. For a burgeoning financial centre, fund management expertise is vital for attracting investment inflows. In this project, we investigate if funds that predominantly invest in the Stock Exchange of Singapore possess stock picking skills that yield significant abnormal returns. We apply the bootstrapping method together with Carhart 4-factor model and measured the excess returns generated by funds that invested mainly in Singapore from 2003 to 2008. Our findings are similar to various studies on the US and UK funds’ performance which concluded that fund managers generally do not have significant stock picking expertise. Bachelor of Arts 2010-05-19T08:47:36Z 2010-05-19T08:47:36Z 2010 2010 Final Year Project (FYP) http://hdl.handle.net/10356/38843 en Nanyang Technological University 36 p. application/pdf |
| spellingShingle | DRNTU::Business::Finance::Investments Low, Wee Jia. Teoh, Jason Kian Heng. Liow, Yurong. Do fund managers have expertise? : evidence from Singapore's fund management industry. |
| title | Do fund managers have expertise? : evidence from Singapore's fund management industry. |
| title_full | Do fund managers have expertise? : evidence from Singapore's fund management industry. |
| title_fullStr | Do fund managers have expertise? : evidence from Singapore's fund management industry. |
| title_full_unstemmed | Do fund managers have expertise? : evidence from Singapore's fund management industry. |
| title_short | Do fund managers have expertise? : evidence from Singapore's fund management industry. |
| title_sort | do fund managers have expertise evidence from singapore s fund management industry |
| topic | DRNTU::Business::Finance::Investments |
| url | http://hdl.handle.net/10356/38843 |
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