THE PERFORMANCE OF MUTUAL FUND IN SOUTHEAST ASIA EMERGING MARKETS

Abstract

A flourish of mutual funds in the whole financial market recently is attributable to its significant benefits for investors in diversification and risk management. Furthermore, mutual funds play essential role in maintaining a liquidity and stability capital market. These facts came to knowledge that the deep insight of mutual funds performances provides investors the important information for investment decision. Hence, there are many studies exploited mathematical and nonmathematical models for performance evaluation and observed whether mutual funds grant any value added for investors. The main purpose of the thesis is to evaluate the mutual funds performances in one of the most important emerging markets – Southeast Asia to give the investors a financial overview for further investment opportunities in those markets. This thesis is presented as follows: Chapter I provides an overview about mutual funds and its significant position in financial market, especially in Southeast Asia market. Following chapter is the introduction of some methodologies which has been used in evaluation of mutual funds performances. I particularly focus on the most efficient and contemporary methods - Data Envelopment Analysis, which would be applied in calculating the performance of selected mutual funds in Southeast Asian market on Chapter 3. Chapter 4 examines the results obtained from Chapter 3 as compared to the performance of some ETFs in the same market before proposing some investing suggestions.