This article provides a detailed analysis of performance persistence using data from Datastream for UK Investment Trusts. We tested for performance persistence by applying a rolling methodology for short-term period of one to three years and of longer horizons over five years. By applying Fama...

This article examines UK investment trusts predictability using a sample of 210 investment trusts from the period 1990 to 2006. The sample is free of survivorship bias. Performance persistence in the investment literature was a major area of investigation for both academics and practitioners for...

The VCT scheme offers large tax breaks (worth around 38.4% of the amount subscribed) to encourage UK taxpayers to invest in start-up companies. Taking account of deadweight and other effects, the scheme currently costs close to £1 in tax subsidies per additional £1 invested in eligible venture...

Discount persistence explanation from a behavioural point of view is a new area of research for both academics and practitioners. The interactions of both arbitrageurs and noise traders during the life of the fund will enable us to detect the effect of discount persistence based on an investor...

This article examines the performance and persistence of 210 UK investment trusts using a large survivorship bias-free sample for funds that has terminated, merged or unitized.The methodology that we have used is contingency tables. In order to examine performance persistence we rank the returns...

We check performance persistence of UK investment trusts in terms of both market price returns and net asset value average returns in each category. In addition, we use regression models to test market timing ability. We use a sample of 210 UK investment trusts. Our results are not including...

This study addresses the question whether the Feri Trust Rating, the Finanztest-Bewertung and the FondsNote are able to predict the future performance of German equity mutual funds. Moreover, this study analyzes whether predictability is improved significantly when combining the three fund...

The rise in income levels and expansion of the middle class in ASEAN creates huge potential for the investment trust business, which offers small investors the ability to diversify their investments. Each ASEAN country's investment trust market has different characteristics, however, reflecting...

Using a novel survey of retail global equity funds offered in Australasia, we provide new insights into the evolving landscape of responsible investing (RI) and potential greenwashing. Our analysis has three components. First, we surveyed asset managers to elicit an understanding of how and why...

Performance persistence in the investment literature was a major area of investigation for both academics and practitioners for more than 2 decades. The results from various U.K open – end mutual funds studies are mixed and there is no enough statistical evidence of performance persistence in...