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Performance and performance persistance in South African General Equity unit trusts, a test of South African market efficiency
Includes bibliographical references (leaves 65-70).
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
Department of Finance and Tax
2014
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| _version_ | 1867613246700126208 |
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| access_status_str | Open Access |
| author | Grey, James Peter |
| author2 | Van Rensburg, Paul |
| author_browse | Grey, James Peter Van Rensburg, Paul |
| author_facet | Van Rensburg, Paul Grey, James Peter |
| author_sort | Grey, James Peter |
| collection | Thesis |
| description | Includes bibliographical references (leaves 65-70). |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/10573 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:33:05.164Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | Department of Finance and Tax |
| publisherStr | Department of Finance and Tax |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/10573 Performance and performance persistance in South African General Equity unit trusts, a test of South African market efficiency Grey, James Peter Van Rensburg, Paul Financial Management Includes bibliographical references (leaves 65-70). Over the last four decades academics have been concerned with both the factors effecting individual unit trust performance and whether this performance persists going forward. Whilst persistence in performance is of interest to unit trust investors from a practical perspective, it is also of interest to academics due to its inherent implications for the Efficient Markets Hypothesis (EMH). This study employs South African data based on a sample of 35 General Equity unit trusts over the six year period 1st January 1998 to 31 st December 2003. This study discusses both the EMH as well as factors that influence unit trust management style and associated performance. Using Jensen's alpha in both a Capital Asset Pricing Model (CAPM) framework and a 2-Factor Arbitrage Pricing Theory (APT) model, unconditional evidence is presented on the performance of General Equity unit trusts. 2014-12-30T06:53:35Z 2014-12-30T06:53:35Z 2005 Master Thesis Masters MCom http://hdl.handle.net/11427/10573 eng application/pdf Department of Finance and Tax Faculty of Commerce University of Cape Town |
| spellingShingle | Financial Management Grey, James Peter Performance and performance persistance in South African General Equity unit trusts, a test of South African market efficiency |
| thesis_degree_str | Master's |
| title | Performance and performance persistance in South African General Equity unit trusts, a test of South African market efficiency |
| title_full | Performance and performance persistance in South African General Equity unit trusts, a test of South African market efficiency |
| title_fullStr | Performance and performance persistance in South African General Equity unit trusts, a test of South African market efficiency |
| title_full_unstemmed | Performance and performance persistance in South African General Equity unit trusts, a test of South African market efficiency |
| title_short | Performance and performance persistance in South African General Equity unit trusts, a test of South African market efficiency |
| title_sort | performance and performance persistance in south african general equity unit trusts a test of south african market efficiency |
| topic | Financial Management |
| url | http://hdl.handle.net/11427/10573 |
| work_keys_str_mv | AT greyjamespeter performanceandperformancepersistanceinsouthafricangeneralequityunittrustsatestofsouthafricanmarketefficiency |