This book is designed to provide an overview and introduction to the financial services sector by putting the theory into practice. The book is focusing to facilitate and keep the level of mathematics in a simple and accessible way. A lot of international students and especially the one that do...

This article examines the performance and persistence of 210 UK investment trusts using a large survivorship bias-free sample for funds that has terminated, merged or unitized.The methodology that we have used is contingency tables. In order to examine performance persistence we rank the returns...

We check performance persistence of UK investment trusts in terms of both market price returns and net asset value average returns in each category. In addition, we use regression models to test market timing ability. We use a sample of 210 UK investment trusts. Our results are not including...

We have used a sample of 210 UK investment trusts to test performance persistence in different time periods. We bootstrapped on the monthly returns over successive years over the whole period starting from 01/01/1990 to 01/01/2006. The estimated and simulated return was computed by sampling...

This book is designed to provide an overview, an explanation and application of econometrical financial models to various investment vehicles. I have used a step-by- step approach to help the postgraduate and research students to understand how to relate the various investment vehicles with...

The existing literature of performance persistence of UK investment trusts is limited. We are going to use a sample of 210 UK investment trusts to test performance persistence in different time periods. We sort funds into rank portfolios based on past performance. A positive and statistically...

This book covers a quick introduction to high school mathematics, arithmetic and geometric series, infinite geometric series, mathematical induction, binomial theorem, factorials, permutations and combinations, determinants, systems of linear equations, boolean algebra, orthogonal functions,...

The study of statistics is concerned with the collection, presentation, analysis and interpretation of numerical data. Another definition of statistics is that it is a body of methods and theories that are applied when making decisions in the face of uncertainty. Descriptive statistics or...

This book is designed to provide an overview and introduction to the financial derivatives. Derivatives are a very complicated subject in terms of mathematics and understanding, so it becomes very important to use simple definition and basic mathematics. A lot of students and especially the one...

In this article, we extend the three-factor of Fama and French’s (1993) model in order to explain the existence and persistence of the excess discount return. We added two more factors to these four risk measures namely market, size, book-to-market, and momentum. The first one is based on the...