Baghdadabad, Mohammad Reza Tavakoli; Nor, Fauzias Mat; … - In: Journal of Advanced Studies in Finance II (2011) 2, pp. 150-168
This paper aims to evaluate the risk-adjusted performance of Malaysian mutual funds using the modified performance evaluation ratios by the drawdown risk measure (DRM) based on modern portfolio theory, and to represent the results in a manner which is easily understood by the average investors...