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Unit trusts in Singapore: Performance of the local funds

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  • James Chong

    (Chow Kiat Lim, The Government of Singapore Investment Corporation Ee Toh Chia, Schroder Investment Management (Singapore) Pte Ltd
    James Chong, 60 Mimosa Walk, Singapore 807906, The Republic of Singapore.)

Abstract

The objective of this study is to evaluate the performance of the funds in Singapore. A number of theoretical issues concerning the propriety of using the Sharpe Index as the performance measure are discussed. This study attempts to evaluate not only the funds’ performance over the entire research period (61/2 years) but also their performance during the volatile Gulf War period. Generally, the funds outperformed the market index during both evaluation periods. This unexpected result offers fresh perspective on the funds’ ability to ‘beat the market’.

Suggested Citation

  • James Chong, 1997. "Unit trusts in Singapore: Performance of the local funds," Journal of Interdisciplinary Economics, , vol. 8(4), pages 245-251, October.
    • Handle: RePEc:sae:jinter:v:8:y:1997:i:4:p:245-251
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