Thesis (M.B.A.)--University of Hong Kong, 1990.

Thesis (Ph. D.)--Georgia State University, 2007. / Title from file title page. Jason T. Greene, committee chair; Vikas Agarwal, Conrad S. Ciccotello, Gerald D. Gay, committee members. Electronic text (102 p. : col. ill.) : digital, PDF file. Description based on contents viewed May 20, 2008. Includes bibliographical references.

Thesis (Ph. D.)--Georgia State University, 2008. / Title from file title page. Jason Greene, Gerald Gay, committee co-chairs; Harley Ryan, Conrad Ciccotello, committee members. Electronic text (93 p. : ill. (some col.)) : digital, PDF file. Description based on contents viewed Oct. 13, 2008. Includes bibliographical references.

Thesis (Doctor of Science)--Turku School of Economics and Business Administration, 2004. / "IBFD--Academic Council." Includes bibliographical references (p. 375-407).

Thesis--Universität Bern. / Also published without thesis note. Includes bibliographical references.

The purpose of this study is to examine the three hypotheses: (a) expected returns and risk as measured by the dispersion of returns associated with risk classes of securities are positively correlated, (b) that the variance of returns is the appropriate measure of risk and (c) Canadian investors in open-end investment companies do not exhibit greater risk aversion than their American counterparts. The method of study employed is the application of regression analysis to samples of Canadian and American open-end investment companies. The conclusions drawn from the study are expected returns and risk are positively correlated, risk classes of securities are scaled according to expected returns and variance of returns, and Canadian investors in open-end investment companies do not exhibit more nor less risk aversion than their American counterparts. / Business, Sauder School of / Graduate

The common shares of closed-end funds, unlike mutual funds, trade on the stock exchanges. A market determined value of the assets of closed-end funds (net asset value) is published weekly for those funds listed on the New York Stock Exchange. A discrepancy exists between the market price of the common share of the closed-end fund and the net asset value per common share of the fund. The size of these discrepancies, premiums and discounts, has never been adequately explained within the context of financial theory. Furthermore, estimates of risk coefficients (betas) are such that the common equity appears les risky than the closed-end fund itself. An investigation was undertaken of the statistical properties associated with both weekly and monthly market value and net asset value return series for twelve closed-end funds listed on the New York Stock Exchange from 1965 to the end of 1972. These twelve funds account for approx imately fifty percent of all funds by asset size listed during that period. Non-parametric tests demonstrated a lack of independence in contiguous observations and some additional support was given by a measure of serial correlation. Goodness-of-fit tests were performed for the normal distribution and it was rejected as representative of the data. The distribution of the return series, as verified by the sample moments, is leptokurtic and shows properties consistent with a stable distribution. The lack of independence and normality in the data causes serious violations of the assumptions necessary to fit the market model in order to estimate the betas of the closed-end funds. The violations are such that the market return betas are likely to be seriously underestimated and therefore cause the common equity of closed-end funds to appear less risky than the funds themselves. Some support for theory which indicates that the common equity should be riskier is given by the results of the lagged market model. / Business, Sauder School of / Graduate

by Chi Chun Hung, Michael, Lo Kwai Sang, Dennis. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1995. / Includes bibliographical references (leaves 101-103). / ABSTRACT --- p.iii / TABLE OF CONTENTS --- p.vi / LIST OF TABLE --- p.ix / PREFACE --- p.1 / Chapter CHAPTER I --- INTRODUCTION --- p.3 / Scope of Study and Topics for Discussion --- p.4 / Research Methodology --- p.5 / Chapter CHAPTER II --- SOME CONCEPTS ON COLLECTIVE INVESTMENT --- p.6 / Definitions of Collective Investment --- p.6 / Functions of Collective Investment --- p.6 / Professional management --- p.7 / Risk diversification --- p.7 / Liquidity and savings of transaction costs --- p.7 / Entry to Overseas Markets --- p.8 / Regulations and Disclosure --- p.8 / Record Keeping --- p.9 / Challenges to CIS --- p.9 / The Product --- p.10 / Chapter CHAPTER III --- THE COLLECTIVE INVESTMENT FUND MARKET IN HONG KONG --- p.13 / The Developments Of The Equity Market In Hong Kong --- p.13 / A Brief History Of The Hong Kong Stock Market --- p.13 / Capital Raising At The Stock Market --- p.15 / Regulatory Environment --- p.16 / Market Size & Growth Of CIS --- p.20 / Market Development --- p.20 / Boom and Bust in the Past Two Years --- p.21 / Market Prospects --- p.24 / Near Future --- p.24 / Competition --- p.25 / Distribution --- p.27 / Chapter CHAPTER IV --- THE STRUCTURE OF COLLECTIVE INVESTMENT SCHEMES --- p.28 / Mutual Fund Vs Unit Trust --- p.28 / Open-end Vs Closed-end Funds --- p.29 / Constituents of a CIS --- p.31 / Trustee/Custodian --- p.31 / Investment Advisor --- p.32 / Fiduciary Duty and Conflicts of Interest --- p.32 / Chapter CHAPTER V --- THE REGULATORY ENVIRONMENT IN HONG KONG --- p.34 / Authorization --- p.35 / The Fit and Proper Rule --- p.37 / Fund Manager --- p.37 / Trustee/Custodian --- p.38 / Information Disclosure --- p.39 / Constitutive Document --- p.39 / Offering document --- p.40 / Continuing Obligations --- p.41 / Promotion --- p.42 / Investment Restrictions --- p.42 / Conflicts of Interest --- p.43 / Tax --- p.44 / Recognized Jurisdictions --- p.45 / Specialized Funds --- p.45 / Private Offerings --- p.46 / Registration --- p.46 / Fees --- p.48 / Recent Deregulatory Changes --- p.48 / Chapter CHAPTER VI --- A COMPARISON WITH OTHER JURISDICTIONS --- p.50 / Protection of Investors --- p.50 / Restrictions on Funds Promotion --- p.51 / Regulations of Operators --- p.54 / Restrictions on Types of Investment --- p.56 / Investment Limits --- p.57 / Reporting and Supervision --- p.59 / Administration --- p.60 / Authorization of Overseas Funds --- p.61 / Chapter CHAPTER VII --- FUND ECONOMICS --- p.65 / Revenues For A Manager --- p.65 / Front end fee --- p.65 / Back End Fee --- p.66 / Management Fee --- p.67 / Performance Fee --- p.67 / Rebate From Brokers --- p.70 / Costs to Fund Investors --- p.73 / Transaction Costs --- p.74 / Trustee/Custodian Fees --- p.75 / An Illustration of the Costs to the Fund Investors --- p.76 / Break-Even Analysis For A New Fund House --- p.77 / Chapter CHAPTER VIII --- OPERATING ISSUES --- p.79 / Performance --- p.79 / Herd instincts --- p.79 / Operating Scale --- p.80 / Chapter CHAPTER IX --- CONCLUSIONS --- p.82 / TABLES --- p.84 / APPENDIX 1 AN EXAMPLE OF PRICE QUOTES --- p.93 / APPENDIX 2 RECOGNIZED JURISDICTION SCHEMES --- p.94 / APPENDIX 3 SCHEDULE OF FEES PAYABLE TO THE SFC --- p.95 / APPENDIX 4 AMENDMENTS TO THE CODE ON UNIT TRUSTS AND MUTUAL FUNDS --- p.96 / APPENDIX 5 QUOTATION OF CUSTODIAN BANK CHARGES (BANK A) --- p.98 / APPENDIX 6 QUOTATION OF CUSTODIAN BANK CHARGES (BANK B) --- p.100 / BIBLIOGRAPHY --- p.102

by Tse Ying-tin, Wong Chi-wai, Alan. / Bibliography: leaves 68-70 / Thesis (MBA)--Chinese University of Hong Kong, 1985

by Chan Chui-ping, Sin Ho-chiu. / Abstract also in Chinese / Bibliography: leaves 105-107 / Thesis (M.B.A.)--Chinese University of Hong Kong, 1983