Meyer, Margaret C.2007-09-182007-09-181998-09Meyer, MC 1998, 'The persistence of unit trust performance for the period July 1985-June 1995', South African Journal of Business Management, vol. 29, no. 3, pp. 100-108. [http://www.journals.co.za/ej/ejour_busman.html]0378-9098http://hdl.handle.net/2263/3508The 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.751887 bytesapplication/pdfenAssociation for Professional Managers in South AfricaSouth African unit trust industryUnit trust performanceMutual funds -- South AfricaArticle