Fletcher, Jonathan; Marshall, Andrew - In: European Financial Management 11 (2005) 3, pp. 365-386
"We evaluate the performance of UK unit trusts with international equity objectives between January 1985 and December 2000 relative to domestic benchmark strategies. We use performance measures based on Jensen (1968), Ferson and Schadt (1996), and the Chen and Knez (1996) law of one price (LOP)....