The Collective Investment Schemes Control Act (2002), (CISCA) was promulgated into law on 12 December 2002 and became effective on 3 March 2003. CISCA introduces a number of changes to bring the Collective Investment Schemes in line with international practice. It replaces the Unit Trusts...

This study examines the pattern of asset allocation and the performance of unit trust in Malaysia over the post crisis period by using risk-adjusted performance measures and multi-factor model from the year 2000 to 2004. Evidence from the statistics suggests that an active asset allocation...

Purpose – To discuss how product innovations in exchange‐traded funds (ETFs) have blurred the line between passive and active management, and to explore the legal ramifications of these developments. Design/methodology/approach – Describes how ETFs operate and how the ETF marketplace has...

Purpose – The purpose of this paper is to assess the history, current use, and possible future of Rule 12b‐1 of the Investment Company Act of 1940. Design/methodology/approach – This paper briefly reviews the history behind the original adoption of Rule 12b‐1, then discusses the ways in...

Purpose – The purpose of this paper is to examine the performance of a sample of socially responsible mutual funds (SRMFs) and a matched sample of conventional funds during the 1997‐2005 time period. Design/methodology/approach – Risk‐adjusted performance is examined using several...

Purpose – The purpose of this paper is to remind sponsors and managers of hedge funds and private funds (including private equity and venture capital funds) of certain “best practices” that they should consider. Design/methodology/approach – The paper offers considerations concerning:...

Purpose – Credit card bankruptcies in Malaysia trebled from 2006 to 2007 and study loan defaults increased by 103 percent in the same period. In response to this, the paper aims to investigate the level of general financial and product awareness among young adults. The two research questions...

Purpose – The purpose of this paper is to assess the financial literacy of the UAE individual investors who invest in the local financial markets. In addition, it examines the relationship between financial literacy and the influence of the factors that affect the investment decision....

Purpose – The purpose of this paper is to introduce the concept of professionalism into the current discussion of the proper scope of regulation of investment advisers. Design/methodology/approach – The authors reviewed the scholarly literature on what constitutes a profession, the debates...