The timing and selection ability of UK property funds: an empirical investigation
Lee, S. L., (1993) The timing and selection ability of UK property funds: an empirical investigation. Working Papers in Land Management & Development. 12/93. Working Paper. University of Reading, Reading. pp19.
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This paper examines the selectivity and market timing performance of a sample of 21 UK property funds over the period Q3 1977 through to Q2 1987. The main finding of which that there is evidence of some superior selectivity performance on the part of UK property funds but that there are few funds who are able to successfully time the market.