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The Performance of Malaysian Unit Trusts Investing in Domestic Versus International Markets

Author

Listed:
  • Nur Atiqah Abdullah

    (College of Business, Universiti Utara Malaysia, 06010 UUM Sintok, Kedah, Malaysia)

  • Nur Adiana Hiau Abdullah

    (College of Business, Universiti Utara Malaysia, 06010 UUM Sintok, Kedah, Malaysia)

Abstract

This paper investigates the relationship between unit trusts invested domestically and those invested overseas. The performance of unit trusts investing overseas is compared to unit trusts that are invested locally to determine whether they outperform the local funds. The Kuala Lumpur Composite Index (KLCI) is used as the local funds’ benchmark. The Morgan Stanley Capital international All Country (MSCI AC) Asia Pacific and MSCI World Free are utilised as the international funds’ benchmarks. With a total of 26 local funds and 23 internationally invested funds, it is found that the risk-adjusted performance of internationally diversified funds is not significantly different from the performance of well-diversified domestic funds.

Suggested Citation

  • Nur Atiqah Abdullah & Nur Adiana Hiau Abdullah, 2009. "The Performance of Malaysian Unit Trusts Investing in Domestic Versus International Markets," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 5(2), pages 77-100.
    • Handle: RePEc:usm:journl:aamjaf00502_77-100
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    File URL: http://web.usm.my/journal/aamjaf/Vol5-2-2009/5-2-4.pdf
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    Citations

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    Cited by:

    1. Siti Fara Fadila Binti Abd Razak Author_Email: sitifara@uniten.edu.my & Kanagavalli A/P Maniam & Siti Soraya Binti Abd Razak, 2011. "Analyzing Performances Of Different Economic Cycles Towards Unit Trust Funds: A Case Of Public Mutual Berhad," International Conference on Management (ICM 2011) Proceeding 2011-106-138, Conference Master Resources.
    2. Nur Adiana Hiau Abdullah & Aminah Shari, 2019. "A Comparative Analysis of Fixed Income Unit Trust Funds Versus Equity Unit Trust Funds in Malaysia," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 15(2), pages 95-117.
    3. Aminah Shari, 2015. "The Performance of Unit Trust Industry in Malaysia," Information Management and Business Review, AMH International, vol. 7(4), pages 46-54.
    4. Sofi Mohd Fikri & M. H. Yahya, 2019. "The Fund Characteristics, Fees, and expenses structure between Conventional and Islamic Mutual Fund," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 15(1), pages 157-190.

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