Comparative Analysis of Returns and Risk Adjusted Return of Foreign Investment Funds : a Case Study of SCB Asset Management Co., Ltd.

Abstract

          The objectives of this research were ; 1) to study the comparative analysis of the performance of foreign investment funds and 2) to study the return of foreign investment funds. by adjusting the risk by using Sharpe Ratio, Treynor Ratio and Jensen's Alpha method of SCB Asset Management Company Limited from 29 March 2019 to 31 March 2022 for 37 months or 737 days. Net assets per unit trust There were 19 mutual funds used in the study 11 dividend mutual funds, found that the mutual fund with the highest average yield was SCBBLN equal to 1.6617% and the average yield of 8 accumulated funds. It was found that the mutual fund with the highest average return of the mutual fund was SCBOIL equal to 1.8724%. If considering the return after adjusting the risk using the Sharpe Ratio, Treynor Ratio and Jensen's Alpha instruments, which is a guideline for investors and those who Interested in using it in considering the decision to invest in mutual funds. The results of the study found that SCBNK225D, which uses Sharpe Ratio, will be 0.0214%, if using Treynor Ratio will be 0.3515% and if using Jensen Model will be equal to 1.86 in the part of mutual funds. The accumulated value type is SCBEUSM with the highest return from the risk adjusted 2 ratios: Sharpe Ratio is -0.0005% and Treynor Ratio is -0.0113%, while using the Jensen Model, the SCBOIL fund has the highest value. That's 11.17