Matthew Pinnuck is in the Department of Accounting and Finance at the University of Melbourne. The author thanks Linda English, Jane Hronsky and Ian Langtield-Smith and two anonymous referees for many usehl suggestions.
Unit Trust Investment Products: Is the rate of return reported by fund managers to investors reliable and comparable?
Article first published online: 31 DEC 2008
© 1999 CPA Australia
Australian Accounting Review
Volume 9, Issue 17, pages 53–62, March 1999
How to Cite
PINNUCK, M. (1999), Unit Trust Investment Products: Is the rate of return reported by fund managers to investors reliable and comparable?. Australian Accounting Review, 9: 53–62. doi: 10.1111/j.1835-2561.1999.tb00099.x
- Issue published online: 31 DEC 2008
- Article first published online: 31 DEC 2008
Funds under management in retail unit trust investment products have grown tenfold in the past decade and now represent the savings of some 1.5 million retail investors. These investors cannot specifically command the infomation they require and consequently rely on what the market provides. This paper provides some evidence that because of a lack of independent verification and mandated standards the investing public cannot be certain that reported rates of return are either reliable or comparable.