Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/218194 
Year of Publication: 
1998
Citation: 
[Journal:] South African Journal of Business Management [ISSN:] 2078-5976 [Volume:] 29 [Issue:] 3 [Publisher:] African Online Scientific Information Systems (AOSIS) [Place:] Cape Town [Year:] 1998 [Pages:] 100-108
Publisher: 
African Online Scientific Information Systems (AOSIS), Cape Town
Abstract: 
The purpose of this study was to determine whether any persistence of performance existed in the unit trust industry in South Africa over the ten-year period from July 1985 to June 1995. Calculations were done over different time periods (one-, two- and four-year periods) and using different definitions of superior performance (positive Jensen alphas or winner/loser phenomena). Results of nominal returns and risk-adjusted returns were also compared. Results obtained show that persistence in performance does exist, but that it is more of a 'loser' phenomenon than a 'winner' phenomenon.
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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