The performance of UK investment trusts

被引：5

作者：

Bal, Y ^{[1
]}

Leger, LA ^{[1
]}

机构：

[1] LOUGHBOROUGH UNIV TECHNOL,DEPT ECON,LOUGHBOROUGH LE11 3TU,LEICS,ENGLAND

来源：

SERVICE INDUSTRIES JOURNAL | 1996年 / 16卷 / 01期

关键词：

D O I：

10.1080/02642069600000007

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

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 nor 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.

引用

页码：67 / 81

页数：15

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