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A survey of the investment appraisal techniques used by South African unit trust portfolio managers

A survey of the investment appraisal techniques used by South African unit trust portfolio managers S Fouche and P van Rensburg* A survey of the investment appraisal techniques used by South African unit trust portfolio managers 1. INTRODUCTION AND OVERVIEW 2. QUESTIONNAIRE CONSTRUCTION AND DISTRIBUTION Using the Likert scale questionnaire methodology of The target population was extracted from the 1996 Unit Arnold and Moizer (1984), this paper aims to investigate the appraisal methods employed by South African unit Trusts Handbook which provided a comprehensive and trust portfolio managers when evaluating investments in current listing of the names and addresses of the portfolio managers concerned. The core questions of listed equity securities. Prior research appears to be limited to three papers that predate this study by about a Lovell Greene eta/. 's South African adaptation of Arnold decade: Arnold and Moizer (1984), Arnold, Moizer and and Moizer's questionnaire were retained. However, in Noreen (1985) and Lovell Greene (1986) investigated places the questionnaire was slightly altered to make it the techniques used by investment analysts in the more specific to unit trusts and four additional questions United Kingdom, United States and South Africa were introduced. The layout and wording of the respectively. In all cases, modifications of essentially the questionnaire was discussed with investment analysts same http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Investment Analysts Journal Taylor & Francis

A survey of the investment appraisal techniques used by South African unit trust portfolio managers

Fouche, S; van Rensburg, P
Investment Analysts Journal , Volume 28 (49): 11 – Jan 1, 1999
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Publisher
Taylor & Francis
Copyright
© 1999 Taylor and Francis Group, LLC
ISSN
2077-0227
eISSN
1029-3523
DOI
10.1080/10293523.1999.11082393
Publisher site
See Article on Publisher Site

Abstract

S Fouche and P van Rensburg* A survey of the investment appraisal techniques used by South African unit trust portfolio managers 1. INTRODUCTION AND OVERVIEW 2. QUESTIONNAIRE CONSTRUCTION AND DISTRIBUTION Using the Likert scale questionnaire methodology of The target population was extracted from the 1996 Unit Arnold and Moizer (1984), this paper aims to investigate the appraisal methods employed by South African unit Trusts Handbook which provided a comprehensive and trust portfolio managers when evaluating investments in current listing of the names and addresses of the portfolio managers concerned. The core questions of listed equity securities. Prior research appears to be limited to three papers that predate this study by about a Lovell Greene eta/. 's South African adaptation of Arnold decade: Arnold and Moizer (1984), Arnold, Moizer and and Moizer's questionnaire were retained. However, in Noreen (1985) and Lovell Greene (1986) investigated places the questionnaire was slightly altered to make it the techniques used by investment analysts in the more specific to unit trusts and four additional questions United Kingdom, United States and South Africa were introduced. The layout and wording of the respectively. In all cases, modifications of essentially the questionnaire was discussed with investment analysts same

Journal

Investment Analysts Journal – Taylor & Francis

Published: Jan 1, 1999

References

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  • The relationship between excess returns, firm size and earnings on the Johannesburg Stock Exchange
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  • Capital asset prices: a theory of market equilibrium under conditions of risk