The Uses and Role of an Independent Unit Trust Risk and Performance Measurement Service

Abstract

During the last decade, following the development of Modern Portfolio Theory (MPT) in the USA, associated risk and risk‐adjusted measures have been developed to assess the risk and performance of portfolios and ‘mutual funds’ (unit trusts). This work has been further continued in the USA in the form of regular risk services relating to individual securities; for example, the Merrill Lynch ‘Beta Book’, which during the last year has also included beta measures for the more widely held mutual funds, and the Barr Rosenburg Associates ‘Fundamental Risk Measurement Service’. Additionally in the USA, a number of organisations have developed special risk‐measurement services relating to mutual funds alone.

Citation

Corner, D.C. and Matatko, J. (1981), "The Uses and Role of an Independent Unit Trust Risk and Performance Measurement Service", Managerial Finance, Vol. 7 No. 3, pp. 5-11. https://doi.org/10.1108/eb013491