A comparative study between market performance and Unit Trust Performance: a case study on ASN & ASN 2 Unit Trust Fund / Md Khairu Amin Ismail

This research study on market performance, which is Kuala Lumpur Composite Index compared to the ASN and ASN 2 unit trust fund performance. The ASN unit trust fund does not provide superior investment return as compared to the investment benchmark, which is KLC Therefore, this research accepts the alternative hypothesis which is the ASN unit trust fund will under perform over the main indicator of the Malaysia market, namely the KLCI and reject the null hypothesis. Meanwhile, the ASN 2 unit trust fund does provide superior investment
return as compared to the investment benchmark, which is KLCI. Therefore, this research accepts the null hypothesis that is the ASN unit trust fund will outperform over the main indicator of the Malaysia market, namely the KLCI and reject alternative hypothesis. Comparatively, the ASN 2 unit trust show a riskier investment than ASN unit trust because of the beta coefficient of ASN 2 is higher than the ASN unit trust fund Based on the correlation coefficient finding, the ASN and ASN 2 unit trust fund are positively correlated with the market because the correlation coefficient value is more than zero. Based on the Sharpe performance index, the ASN 2 unit trust fund has a better performance compared to ASN 2 unit trust fund for the year 2001 by measuring the total risk of the portfolio. Upon completing this study, the researcher give some recommendations based on the findings and hypothesis testing of the research. These recommendations are will be focused to 2 parties which are government and management company.