Unit trust returns are published and quoted regularly in various media publications.These returns, calculated as Time-Weighted Rates of Return, do not reflect theactual returns that investors perceive. The timing of capital flows into and out of thefunds affects the real returns that investors...

Exchange traded funds have generated a great deal of interest in marketswhere they have been introduced including in the South African investmentmarket. In South Africa exchange traded funds are still relatively new and therange available is fairly narrow, however their popularity is growing at...

The Collective Investment Schemes Control Act (2002), (CISCA) was promulgated into law on 12 December 2002 and became effective on 3 March 2003. CISCA introduces a number of changes to bring the Collective Investment Schemes in line with international practice. It replaces the Unit Trusts...

This research report investigates the Property Unit Trust (PUT) sector to assess if there are risk-sharing benefits to be obtained in building up a property portfolio. The report demonstrates that property trusts with diversified acquisition strategies achieve better risk sharing characteristics...

This study examines the pattern of asset allocation and the performance of unit trust in Malaysia over the post crisis period by using risk-adjusted performance measures and multi-factor model from the year 2000 to 2004. Evidence from the statistics suggests that an active asset allocation...