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The prima facie relationship between size of assets under management and the risk-adjusted performance of South African collective investment schemes
Includes bibliographical references
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
Department of Finance and Tax
2016
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| _version_ | 1867613234837585920 |
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| access_status_str | Open Access |
| author | Kopke, Kerry-Leigh Elizabeth |
| author2 | West, Darron |
| author_browse | Kopke, Kerry-Leigh Elizabeth West, Darron |
| author_facet | West, Darron Kopke, Kerry-Leigh Elizabeth |
| author_sort | Kopke, Kerry-Leigh Elizabeth |
| collection | Thesis |
| description | Includes bibliographical references |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/16662 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:32:54.720Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | Department of Finance and Tax |
| publisherStr | Department of Finance and Tax |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/16662 The prima facie relationship between size of assets under management and the risk-adjusted performance of South African collective investment schemes Kopke, Kerry-Leigh Elizabeth West, Darron Financial Management Includes bibliographical references There is a plethora of academic literature on the relationship between a collective investment scheme's (or mutual fund) size and its risk-adjusted performance but the research has produced contradictory results with no apparent consensus. Data from a sample size of 100 (one hundred) collective investment schemes in the Association for Savings and Investments (South Africa) ("ASISA"), SA Equity General Fund classification group over a 10 (ten) year period was analysed using regression techniques and ranking analysis to examine whether there was any prime facie relationship between the fund size and the risk-adjusted performance of South African collective investment schemes. The regression analysis found no statistically significant correlation between fund size and risk-adjusted performance. However, the results of the ranking analysis suggested a possible inverted U-Shape relationship between collective investment scheme fund size and risk-adjusted performance. This therefore presents an argument for an optimal fund size range of between R912,267,649.3 and R1,930,696,676 (about 1 - 2 billion Rand) in assets under management to maximise risk-adjusted performance. 2016-02-01T10:17:16Z 2016-02-01T10:17:16Z 2015 Master Thesis Masters MCom http://hdl.handle.net/11427/16662 eng application/pdf Department of Finance and Tax Faculty of Commerce University of Cape Town |
| spellingShingle | Financial Management Kopke, Kerry-Leigh Elizabeth The prima facie relationship between size of assets under management and the risk-adjusted performance of South African collective investment schemes |
| thesis_degree_str | Master's |
| title | The prima facie relationship between size of assets under management and the risk-adjusted performance of South African collective investment schemes |
| title_full | The prima facie relationship between size of assets under management and the risk-adjusted performance of South African collective investment schemes |
| title_fullStr | The prima facie relationship between size of assets under management and the risk-adjusted performance of South African collective investment schemes |
| title_full_unstemmed | The prima facie relationship between size of assets under management and the risk-adjusted performance of South African collective investment schemes |
| title_short | The prima facie relationship between size of assets under management and the risk-adjusted performance of South African collective investment schemes |
| title_sort | prima facie relationship between size of assets under management and the risk adjusted performance of south african collective investment schemes |
| topic | Financial Management |
| url | http://hdl.handle.net/11427/16662 |
| work_keys_str_mv | AT kopkekerryleighelizabeth theprimafacierelationshipbetweensizeofassetsundermanagementandtheriskadjustedperformanceofsouthafricancollectiveinvestmentschemes AT kopkekerryleighelizabeth primafacierelationshipbetweensizeofassetsundermanagementandtheriskadjustedperformanceofsouthafricancollectiveinvestmentschemes |