An evaluation of the market-timing and security-selection performance of mutual funds: The case of Malaysia

• Main Authors: Low, Soo Wah, Ghazali, Noor Azlan
• Format: Article
• Language: English
• Published: Universiti Utara Malaysia 2005
• Subjects: HG Finance
• Online Access: http://repo.uum.edu.my/680/1/Low_Soo_Wah.pdf; http://repo.uum.edu.my/680/; http://ijms.uum.edu.my
• Institution: Universiti Utara Malaysia

In this article, we examine market-timing and security-selection performance of a sample of Malaysian mutual funds. We used Jensen’s (1968; 1969) model to test for the overall fund performance and employed the model developed by Merton (1981) and Henriksson and Merton (1981) to highlight the separat...