The effect of asset allocation on performance of endovvment funds in kenya
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Date
2013Author
Masila, Mulvva Charles
Type
ThesisLanguage
enMetadata
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This paper exammes the relationship between asset allocation and performance of
endowment funds in Kenya over a six year period (2006-2011). Research on the
impact of asset allocation on returns by a portfolio has been an issue of debate by
researchers across the world. This research was mainly useful to managers of funds
highlighting the importance of asset allocation in portfolio management in an attempt
to maximize on returns.
A regression model of the funds in Kenya was used and the data analysed to generate
the regression output. Ratios of each fund's annual performance over the six year
period were derived and the output was interpreted by taking note of specific aspects
of the regression output notably: Correlation of coefficient, Coefficient of
determination and F significance.
The overall findings confrrmed that there is a relationship between asset allocation
and the annual performance of endowment funds studied. The regression model was
also significant in forecasting returns for all the endowment funds analysed. The
evidence suggests that there is a possibility of other multiple variables influencing
fund performance that should adequately be incorporated into the regression model to
ascertain all the influential factors.
Citation
Master Of Business AdministrationPublisher
University of Nairobi