The unit trust industry in South Africa from 1965 to June 2005: are investors better off?
The vast global unit trust mutual fund industry was worth more than $16 trillion by the end of June 2005. Over time, investors' interests seem to have shifted from individual shares to share funds. The unit trust industry in South Africa is no exception. Over the 40-year period from its incepti...
Gespeichert in:
| Veröffentlicht in: | Meditari : Research Journal of the School of Accounting Sciences 2006-04, Vol.14 (1), p.49-67 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 67 |
|---|---|
| container_issue | 1 |
| container_start_page | 49 |
| container_title | Meditari : Research Journal of the School of Accounting Sciences |
| container_volume | 14 |
| creator | Meyer-Pretorius, M.C Wolmarans, H.P |
| description | The vast global unit trust mutual fund industry was worth more than $16 trillion by the end of June 2005. Over time, investors' interests seem to have shifted from individual shares to share funds. The unit trust industry in South Africa is no exception. Over the 40-year period from its inception in 1965 to 2005, the industry has grown from only one fund to 567 different funds, worth more than R345 billion. This study highlights some of the most important changes that have occurred in the South African unit trust industry over the last 40 years. These shifts are compared to changes that the USA mutual fund industry has experienced in the 60 years of its existence. An attempt is then made to answer the question whether South African investors are better off with these changes or not. |
| doi_str_mv | 10.1108/10222529200600004 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_istex</sourceid><recordid>TN_cdi_proquest_journals_1030921004</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sabinet_id>10520/EJC72510</sabinet_id><sourcerecordid>2727490641</sourcerecordid><originalsourceid>FETCH-LOGICAL-c3764-993dc21743781b24df8e439b83f8b35ec92171b7271bff72162c6acb09b2573e3</originalsourceid><addsrcrecordid>eNp1kF1LwzAUhoMoOKY_wLuAXlrNR9O03siYH3MMRFTUq5C0CVa3diap6L_3jIqIslzkHDjPOe_Li9AeJUeUkvyYEsaYYAUjJCPw0g00YCQtEi55vokGq3myArbRbgi1IYzkIpWcDtDT3bPFXVNHHH0XIq6bCor_hAbftl18xiPn61Jj59sFpkUmcGzxtGssBjVxgrW3wL7bEFsfsLExWo9b50530JbT82B3v-sQ3V-c340nyez68mo8miUll1maFAWvSkZlymVODUsrl9uUFybnLjdc2LKAITWSweecZDRjZaZLQwrDhOSWD9F-f3fp27cOfKiXtvMNSCpKOIF1CAQo2lOlb0Pw1qmlrxfafwKkViGqfyHCzkG_E7SpGxtV0HbZGSAFI-p8OpZMgMQQJT1Wh2g_fu5q_6oyyaVQ6QNTj2cXk-nNZKIk8Ic9bxfW63n1y8kfB2pZOcDJOnyd8S_wEJYR</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1030921004</pqid></control><display><type>article</type><title>The unit trust industry in South Africa from 1965 to June 2005: are investors better off?</title><source>Emerald Journals</source><source>Standard: Emerald eJournal Premier Collection</source><source>EZB-FREE-00999 freely available EZB journals</source><creator>Meyer-Pretorius, M.C ; Wolmarans, H.P</creator><creatorcontrib>Meyer-Pretorius, M.C ; Wolmarans, H.P</creatorcontrib><description>The vast global unit trust mutual fund industry was worth more than $16 trillion by the end of June 2005. Over time, investors' interests seem to have shifted from individual shares to share funds. The unit trust industry in South Africa is no exception. Over the 40-year period from its inception in 1965 to 2005, the industry has grown from only one fund to 567 different funds, worth more than R345 billion. This study highlights some of the most important changes that have occurred in the South African unit trust industry over the last 40 years. These shifts are compared to changes that the USA mutual fund industry has experienced in the 60 years of its existence. An attempt is then made to answer the question whether South African investors are better off with these changes or not.</description><identifier>ISSN: 1022-2529</identifier><identifier>ISSN: 2049-372X</identifier><identifier>EISSN: 2049-3738</identifier><identifier>DOI: 10.1108/10222529200600004</identifier><language>eng</language><publisher>Pretoria: Emerald Group Publishing Limited</publisher><subject>Accounting ; Collective investments ; Comparative analysis ; Cost control ; Equity ; Equity funds ; Financial management ; Growth rate ; Investments ; Investors ; Money market funds ; Mutual funds ; Product differentiation ; Regulation ; Scandals ; Specialised funds ; Studies ; Trusts ; Unit trusts ; Units trust industry</subject><ispartof>Meditari : Research Journal of the School of Accounting Sciences, 2006-04, Vol.14 (1), p.49-67</ispartof><rights>Emerald Group Publishing Limited</rights><rights>Copyright Emerald Group Publishing Limited 2006</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c3764-993dc21743781b24df8e439b83f8b35ec92171b7271bff72162c6acb09b2573e3</citedby><cites>FETCH-LOGICAL-c3764-993dc21743781b24df8e439b83f8b35ec92171b7271bff72162c6acb09b2573e3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,776,780,961,21674,27901,27902</link.rule.ids></links><search><creatorcontrib>Meyer-Pretorius, M.C</creatorcontrib><creatorcontrib>Wolmarans, H.P</creatorcontrib><title>The unit trust industry in South Africa from 1965 to June 2005: are investors better off?</title><title>Meditari : Research Journal of the School of Accounting Sciences</title><description>The vast global unit trust mutual fund industry was worth more than $16 trillion by the end of June 2005. Over time, investors' interests seem to have shifted from individual shares to share funds. The unit trust industry in South Africa is no exception. Over the 40-year period from its inception in 1965 to 2005, the industry has grown from only one fund to 567 different funds, worth more than R345 billion. This study highlights some of the most important changes that have occurred in the South African unit trust industry over the last 40 years. These shifts are compared to changes that the USA mutual fund industry has experienced in the 60 years of its existence. An attempt is then made to answer the question whether South African investors are better off with these changes or not.</description><subject>Accounting</subject><subject>Collective investments</subject><subject>Comparative analysis</subject><subject>Cost control</subject><subject>Equity</subject><subject>Equity funds</subject><subject>Financial management</subject><subject>Growth rate</subject><subject>Investments</subject><subject>Investors</subject><subject>Money market funds</subject><subject>Mutual funds</subject><subject>Product differentiation</subject><subject>Regulation</subject><subject>Scandals</subject><subject>Specialised funds</subject><subject>Studies</subject><subject>Trusts</subject><subject>Unit trusts</subject><subject>Units trust industry</subject><issn>1022-2529</issn><issn>2049-372X</issn><issn>2049-3738</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2006</creationdate><recordtype>article</recordtype><sourceid>BENPR</sourceid><recordid>eNp1kF1LwzAUhoMoOKY_wLuAXlrNR9O03siYH3MMRFTUq5C0CVa3diap6L_3jIqIslzkHDjPOe_Li9AeJUeUkvyYEsaYYAUjJCPw0g00YCQtEi55vokGq3myArbRbgi1IYzkIpWcDtDT3bPFXVNHHH0XIq6bCor_hAbftl18xiPn61Jj59sFpkUmcGzxtGssBjVxgrW3wL7bEFsfsLExWo9b50530JbT82B3v-sQ3V-c340nyez68mo8miUll1maFAWvSkZlymVODUsrl9uUFybnLjdc2LKAITWSweecZDRjZaZLQwrDhOSWD9F-f3fp27cOfKiXtvMNSCpKOIF1CAQo2lOlb0Pw1qmlrxfafwKkViGqfyHCzkG_E7SpGxtV0HbZGSAFI-p8OpZMgMQQJT1Wh2g_fu5q_6oyyaVQ6QNTj2cXk-nNZKIk8Ic9bxfW63n1y8kfB2pZOcDJOnyd8S_wEJYR</recordid><startdate>20060401</startdate><enddate>20060401</enddate><creator>Meyer-Pretorius, M.C</creator><creator>Wolmarans, H.P</creator><general>Emerald Group Publishing Limited</general><general>University of Pretoria</general><scope>BSCLL</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X1</scope><scope>7XB</scope><scope>AFKRA</scope><scope>ANIOZ</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>F~G</scope><scope>K6~</scope><scope>L.-</scope><scope>M0C</scope><scope>PQBIZ</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope></search><sort><creationdate>20060401</creationdate><title>The unit trust industry in South Africa from 1965 to June 2005: are investors better off?</title><author>Meyer-Pretorius, M.C ; Wolmarans, H.P</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3764-993dc21743781b24df8e439b83f8b35ec92171b7271bff72162c6acb09b2573e3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2006</creationdate><topic>Accounting</topic><topic>Collective investments</topic><topic>Comparative analysis</topic><topic>Cost control</topic><topic>Equity</topic><topic>Equity funds</topic><topic>Financial management</topic><topic>Growth rate</topic><topic>Investments</topic><topic>Investors</topic><topic>Money market funds</topic><topic>Mutual funds</topic><topic>Product differentiation</topic><topic>Regulation</topic><topic>Scandals</topic><topic>Specialised funds</topic><topic>Studies</topic><topic>Trusts</topic><topic>Unit trusts</topic><topic>Units trust industry</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Meyer-Pretorius, M.C</creatorcontrib><creatorcontrib>Wolmarans, H.P</creatorcontrib><collection>Istex</collection><collection>CrossRef</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>Accounting & Tax Database</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Accounting, Tax & Banking Collection</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>ProQuest One Business</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><jtitle>Meditari : Research Journal of the School of Accounting Sciences</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Meyer-Pretorius, M.C</au><au>Wolmarans, H.P</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The unit trust industry in South Africa from 1965 to June 2005: are investors better off?</atitle><jtitle>Meditari : Research Journal of the School of Accounting Sciences</jtitle><date>2006-04-01</date><risdate>2006</risdate><volume>14</volume><issue>1</issue><spage>49</spage><epage>67</epage><pages>49-67</pages><issn>1022-2529</issn><issn>2049-372X</issn><eissn>2049-3738</eissn><abstract>The vast global unit trust mutual fund industry was worth more than $16 trillion by the end of June 2005. Over time, investors' interests seem to have shifted from individual shares to share funds. The unit trust industry in South Africa is no exception. Over the 40-year period from its inception in 1965 to 2005, the industry has grown from only one fund to 567 different funds, worth more than R345 billion. This study highlights some of the most important changes that have occurred in the South African unit trust industry over the last 40 years. These shifts are compared to changes that the USA mutual fund industry has experienced in the 60 years of its existence. An attempt is then made to answer the question whether South African investors are better off with these changes or not.</abstract><cop>Pretoria</cop><pub>Emerald Group Publishing Limited</pub><doi>10.1108/10222529200600004</doi><tpages>19</tpages><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 1022-2529 |
| ispartof | Meditari : Research Journal of the School of Accounting Sciences, 2006-04, Vol.14 (1), p.49-67 |
| issn | 1022-2529 2049-372X 2049-3738 |
| language | eng |
| recordid | cdi_proquest_journals_1030921004 |
| source | Emerald Journals; Standard: Emerald eJournal Premier Collection; EZB-FREE-00999 freely available EZB journals |
| subjects | Accounting Collective investments Comparative analysis Cost control Equity Equity funds Financial management Growth rate Investments Investors Money market funds Mutual funds Product differentiation Regulation Scandals Specialised funds Studies Trusts Unit trusts Units trust industry |
| title | The unit trust industry in South Africa from 1965 to June 2005: are investors better off? |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-02-15T00%3A42%3A47IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_istex&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=The%20unit%20trust%20industry%20in%20South%20Africa%20from%201965%20to%20June%202005:%20are%20investors%20better%20off?&rft.jtitle=Meditari%20:%20Research%20Journal%20of%20the%20School%20of%20Accounting%20Sciences&rft.au=Meyer-Pretorius,%20M.C&rft.date=2006-04-01&rft.volume=14&rft.issue=1&rft.spage=49&rft.epage=67&rft.pages=49-67&rft.issn=1022-2529&rft.eissn=2049-3738&rft_id=info:doi/10.1108/10222529200600004&rft_dat=%3Cproquest_istex%3E2727490641%3C/proquest_istex%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1030921004&rft_id=info:pmid/&rft_sabinet_id=10520/EJC72510&rfr_iscdi=true |