UUM Electronic Theses and Dissertation
UUM ETD | Universiti Utara Malaysian Electronic Theses and Dissertation
FAQs | Feedback | Search Tips | Sitemap

International Portfolio Diversification : Reality or Myth

Fazli, Zainal Abidin (2009) International Portfolio Diversification : Reality or Myth. Masters thesis, Universiti Utara Malaysia.

[thumbnail of s93915.pdf]

Download (1MB) | Preview


This study is focused on performance comparison between Malaysian local, regional and global funds in its attempt to investigate whether international portfolio diversification by Malaysian unit trust companies provides better risk return trade-off relative to local portfolio diversification. A sample of 83 funds managed by local fund management companies in Malaysia were selected in this research covering a period time span from 6 April 2007 to 10 April 2009. Analysis of independent sample t-test is used to test whether the risk adjusted returns of global or international funds, as measured by Treynor Index, Sharpe Index and Jensen Alpha, are higher relative to local and regional funds during the period of financial crisis and pre-crisis period. The results of the study show that during recession, global funds and regional funds outperformed domestic funds, meanwhile during normal or pre crisis period, domestic funds outperformed international funds.

Item Type: Thesis (Masters)
Supervisor : Ibrahim, Yusnidah
Item ID: 3669
Subjects: H Social Sciences > HG Finance
Divisions: College of Business (COB)
Date Deposited: 15 Dec 2013 06:45
Last Modified: 26 Nov 2023 02:08
Department: College of Business
Name: Ibrahim, Yusnidah
URI: https://etd.uum.edu.my/id/eprint/3669

Actions (login required)

View Item
View Item