Portfolio Optimization of Equity Mutual Funds—Malaysian Case Study

Table 1

Summary of Cluster Analysis Results.

Performance evaluation techniques	Cluster 1	Cluster 2	Cluster 3	Cluster 4
Rate of return	0.075	0.113	0.136	0.064
Variance	1.057	1.664	23.569	1.312
Treynor index	0.123	0.087	0.094	0.039
Category	Stable	Good performing	Aggressive	Inferior