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Performance of UK Equity Unit Trusts

  • Garrett Quigley
  • Rex A. Sinquefield
Chapter

Abstract

Studies of money manager performance are the bottom line test of market efficiency. They do not claim to uncover specific types of market failure as do the ‘anomalies’ literature of the 1980s and the behavioural finance literature of today. Rather, money manager studies ask whether there are market failures, regardless of type, that are systematically exploitable. In our opinion, the conclusion of the literature to date is a resounding ‘No’.

Keywords

Mutual Fund Total Return Capital Asset Price Model Dividend Yield Monthly Return 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© The Editor(s) 2016

Authors and Affiliations

  • Garrett Quigley
    • 1
  • Rex A. Sinquefield
    • 2
  1. 1.Dimensional Fund Advisors LtdLondonUK
  2. 2.Dimensional Fund Advisors Inc.Santa MonicaUSA

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