Fund Size and Performance of Unit Trust Funds in Kenya

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dc.contributor.authorNthimba, Anderson Namu
dc.contributor.authorJagongo, Ambrose
dc.contributor.authorWamugo, Lucy
dc.date.accessioned2021-09-01T09:20:30Z
dc.date.available2021-09-01T09:20:30Z
dc.date.issued2021
dc.descriptionAn Article Published in Journal of Finance and Accountingen_US
dc.description.abstractWhen investors take part in any investment, the main objective is to increase their wealth. This is achieved when share prices increase. The performance of unit trusts in Kenya has however been poor compared to the counterparts in the rest of the world. The poor performance is a discouragement to individual and corporate investors in addition to affecting the realisation of financial stability according to the Kenya vision 2030. Empirical literature from developed and emerging markets posits that fund size explain the performance of unit trust funds. This study therefore investigated the effects of fund size on the performance of unit trust funds in Kenya. The study adopted an explanatory research design and positivism philosophy. The target population was 16 unit trust firms in Kenya as at the end of the year 2017. The study used a census approach. Secondary data was collected from the audited financial statement of respective unit trusts for the period 2005 to 2017 using a data collection schedule. The study established that fund size has significant positive effect on performance in all funds. The study concluded that increase in fund size increases performance. The study recommends that capital market authority should monitor performance of unit trusts constantly and in addition develop merger policies to encourage small unit trust to merge in order to take advantage of economies of scaleen_US
dc.identifier.citationAnderson Namu Nthimba, Ambrose Jagongo, Lucy Wamugo. Fund Size and Performance of Unit Trust Funds in Kenya. Journal of Finance and Accounting. Vol. 9, No. 1, 2021, pp. 8-15. doi: 10.11648/j.jfa.20210901.12en_US
dc.identifier.issn2330-7331 (Print)
dc.identifier.issn2330-7323 (Online)
dc.identifier.urihttp://www.sciencepublishinggroup.com/journal/paperinfo?journalid=171&doi=10.11648/j.jfa.20210901.12
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/22455
dc.language.isoenen_US
dc.publisherScience Publishing Groupen_US
dc.subjectFund Sizeen_US
dc.subjectUnit Trust Fundsen_US
dc.subjectPerformanceen_US
dc.subjectUnit Trust Funds Performanceen_US
dc.titleFund Size and Performance of Unit Trust Funds in Kenyaen_US
dc.typeArticleen_US
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