MUTUAL FUND PERFORMANCE IN EMERGING MARKETS: THE CASE OF THAILAND
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Performance evaluation measures the skill of an asset manager and its principal idea
is to compare the returns with an alternative appropriate portfolio to that which was obtained
in a particular case. The emergence of modern portfolio theory (MPT) by Markowitz (1952),
who quantifies how rational investors make decisions based on expected return and risk, has
brought much development to portfolio performance measurement.
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MUTUAL FUND PERFORMANCE IN EMERGING MARKETS: THE CASE OF THAILAND
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MUTUAL FUND PERFORMANCE IN EMERGING MARKETS: THE CASE OF THAILAND
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