The performance of Malaysian unit trusts investing in domestic versus international markets
This paper investigates the relationship between unit trusts invested domestically and those invested overseas. The performance of unit trusts investing overseas is compared to unit trusts that are invested locally to determine whether they outperform the local funds. The Kuala Lumpur Composite Inde...
| Huvudupphovsmän: | , |
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| Materialtyp: | Artikel |
| Språk: | English |
| Publicerad: |
Universiti Sains Malaysia
2009
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| Ämnen: | |
| Länkar: | https://repo.uum.edu.my/id/eprint/4423/1/5-2-4.pdf |
| _version_ | 1825740315857780736 |
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| author | Abdullah, Nur Atiqah Abdullah, Nur Adiana Hiau |
| author_facet | Abdullah, Nur Atiqah Abdullah, Nur Adiana Hiau |
| author_sort | Abdullah, Nur Atiqah |
| collection | UUM |
| description | This paper investigates the relationship between unit trusts invested domestically and those invested overseas. The performance of unit trusts investing overseas is compared to unit trusts that are invested locally to determine whether they outperform the local funds. The Kuala Lumpur Composite Index (KLCI) is used as the local funds’ benchmark. The Morgan Stanley Capital international All Country (MSCI AC) Asia Pacific and MSCI World Free are utilised as the international funds’ benchmarks. With a total of 26 local funds and 23 internationally invested funds, it is found that the risk-adjusted performance of internationally diversified funds is not significantly different from the performance of well-diversified domestic funds. |
| first_indexed | 2024-07-04T05:25:00Z |
| format | Article |
| id | uum-4423 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:25:00Z |
| publishDate | 2009 |
| publisher | Universiti Sains Malaysia |
| record_format | eprints |
| spelling | uum-44232016-04-25T04:55:53Z https://repo.uum.edu.my/id/eprint/4423/ The performance of Malaysian unit trusts investing in domestic versus international markets Abdullah, Nur Atiqah Abdullah, Nur Adiana Hiau HG Finance This paper investigates the relationship between unit trusts invested domestically and those invested overseas. The performance of unit trusts investing overseas is compared to unit trusts that are invested locally to determine whether they outperform the local funds. The Kuala Lumpur Composite Index (KLCI) is used as the local funds’ benchmark. The Morgan Stanley Capital international All Country (MSCI AC) Asia Pacific and MSCI World Free are utilised as the international funds’ benchmarks. With a total of 26 local funds and 23 internationally invested funds, it is found that the risk-adjusted performance of internationally diversified funds is not significantly different from the performance of well-diversified domestic funds. Universiti Sains Malaysia 2009 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/4423/1/5-2-4.pdf Abdullah, Nur Atiqah and Abdullah, Nur Adiana Hiau (2009) The performance of Malaysian unit trusts investing in domestic versus international markets. Asian Academy of Management Journal of Accounting and Finance , 5 (2). pp. 77-100. ISSN 1823-4992 http://web.usm.my/journal/aamjaf/5-2-4-2009.html |
| spellingShingle | HG Finance Abdullah, Nur Atiqah Abdullah, Nur Adiana Hiau The performance of Malaysian unit trusts investing in domestic versus international markets |
| title | The performance of Malaysian unit trusts investing in domestic versus international markets |
| title_full | The performance of Malaysian unit trusts investing in domestic versus international markets |
| title_fullStr | The performance of Malaysian unit trusts investing in domestic versus international markets |
| title_full_unstemmed | The performance of Malaysian unit trusts investing in domestic versus international markets |
| title_short | The performance of Malaysian unit trusts investing in domestic versus international markets |
| title_sort | performance of malaysian unit trusts investing in domestic versus international markets |
| topic | HG Finance |
| url | https://repo.uum.edu.my/id/eprint/4423/1/5-2-4.pdf |
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