IDEAS home Printed from https://ideas.repec.org/a/usm/journl/aamjaf00502_77-100.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: http://web.usm.my/journal/aamjaf/Vol5-2-2009/5-2-4.pdf
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:usm:journl:aamjaf00502_77-100. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journal Division, Penerbit Universiti Sains Malaysia). General contact details of provider: http://edirc.repec.org/data/aammmea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.