An Pairoj Kittirochanasatien creator Venkatesh, Sundar Chairperson Tang, John C.S. Examination Committee Singha Chiamsiri Examination committee The Royal Thai Government Scholarship donor text series technical report th Bangkok Asian Institute of Technology 2003 continuing eng 56 leaves The report attempts to study the performance of mutual funds in Thailand over the period of 2000-2002. Three types of fund characteristics are applied within the study scope: fund types, investment objectives, and asset management companies. Data used for the study is collected through the Securities Exchange Commission and the Association of Investment Management Companies in Thailand. The significant finding from the analysis finds that the flexible p01ifolio fund, a recent innovation investment tool, has outperformed funds with other investment objectives. The three year average Sharp Index score for the flexible p01ifolio fund is 0.44 compared to - 0.14 for pure equity funds. Nor surprisingly this type of fund has also shown the highest growth rate in te1m of net asset value and the total number of funds for the past three year period. The finding may suggest that fund managers may be able to produce superior performance for their investors if the investment objectives allow higher flexibility. A research proposal submitted in partial fulfillment of the requirements for the degree of Master of Business Administration, School of management Research report (M.Sc.) - Asian Institute of Technology, 2003 Mutual funds Thailand Asian Institute of Technology. http://203.159.5.9/ait-thesis/detail.php?q=B07491 http://203.159.5.9/ait-thesis/detail.php?q=B07491 031219 20260817162409.0