Islamic and conventional bond funds performance in Malaysia: a comparative study
This study is conducted with the aim to compare the performance of Islamic bond funds to the performance conventional bond funds. Two samples were generated and utilised in this study and the performance comparisons are also made 2 samples (first sample: 21 Islamic Bond funds and 49 Conventional Bon...
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| Online Access: | https://etd.uum.edu.my/8321/1/DEPOSIT%20PERMISSION_s815493.pdf https://etd.uum.edu.my/8321/2/S815493_01.pdf https://etd.uum.edu.my/8321/3/S815493_references.docx |
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my-uum-etd.83212021-06-02T09:16:52Z Islamic and conventional bond funds performance in Malaysia: a comparative study 2019 M. Usha, Muruthi Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance This study is conducted with the aim to compare the performance of Islamic bond funds to the performance conventional bond funds. Two samples were generated and utilised in this study and the performance comparisons are also made 2 samples (first sample: 21 Islamic Bond funds and 49 Conventional Bond funds and second sample: 18 Islamic Bond and 45 Conventional Bond funds are used respectively) to cater for performance inconsistency of the funds and the influence of economic conditions. The first sample is intended to maximise the number of bond funds included in the study and the length of the study by including the data for all the active bond funds over the period from December 2010 to May 2016. In order to overcome biasness due to market condition or market influence, only Jensen Index which is market and risk adjust return is used as performance measure and the basis of comparison for funds in this sample. The second sample is set to allow for a fair comparison between funds that are launched at different years when risk adjusted return, namely Sharpe, Adjusted Sharpe, Jensen and Adjusted Jensen and Treynor Index, are used. In addition to non-adjusted and risk adjusted return, the risk and diversification of the funds are also compared. The results provides evidence that Islamic bonds are more stable than conventional bonds. 2019 Thesis https://etd.uum.edu.my/8321/ https://etd.uum.edu.my/8321/1/DEPOSIT%20PERMISSION_s815493.pdf text eng staffonly https://etd.uum.edu.my/8321/2/S815493_01.pdf text eng public https://etd.uum.edu.my/8321/3/S815493_references.docx text eng public other masters Universiti Utara Malaysia |
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Universiti Utara Malaysia |
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UUM ETD |
| language |
eng eng eng |
| topic |
HG Finance |
| spellingShingle |
HG Finance M. Usha, Muruthi Islamic and conventional bond funds performance in Malaysia: a comparative study |
| description |
This study is conducted with the aim to compare the performance of Islamic bond funds to the performance conventional bond funds. Two samples were generated and utilised in this study and the performance comparisons are also made 2 samples (first sample: 21 Islamic Bond funds and 49 Conventional Bond funds and second sample: 18 Islamic
Bond and 45 Conventional Bond funds are used respectively) to cater for performance inconsistency of the funds and the influence of economic conditions. The first sample is
intended to maximise the number of bond funds included in the study and the length of the study by including the data for all the active bond funds over the period from December 2010 to May 2016. In order to overcome biasness due to market condition or market influence, only Jensen Index which is market and risk adjust return is used as performance measure and the basis of comparison for funds in this sample. The second sample is set to allow for a fair comparison between funds that are launched at different years when risk adjusted return, namely Sharpe, Adjusted Sharpe, Jensen and Adjusted
Jensen and Treynor Index, are used. In addition to non-adjusted and risk adjusted return, the risk and diversification of the funds are also compared. The results provides evidence that Islamic bonds are more stable than conventional bonds. |
| format |
Thesis |
| qualification_name |
other |
| qualification_level |
Master's degree |
| author |
M. Usha, Muruthi |
| author_facet |
M. Usha, Muruthi |
| author_sort |
M. Usha, Muruthi |
| title |
Islamic and conventional bond funds performance in Malaysia: a comparative study |
| title_short |
Islamic and conventional bond funds performance in Malaysia: a comparative study |
| title_full |
Islamic and conventional bond funds performance in Malaysia: a comparative study |
| title_fullStr |
Islamic and conventional bond funds performance in Malaysia: a comparative study |
| title_full_unstemmed |
Islamic and conventional bond funds performance in Malaysia: a comparative study |
| title_sort |
islamic and conventional bond funds performance in malaysia: a comparative study |
| granting_institution |
Universiti Utara Malaysia |
| granting_department |
Othman Yeop Abdullah Graduate School of Business |
| publishDate |
2019 |
| url |
https://etd.uum.edu.my/8321/1/DEPOSIT%20PERMISSION_s815493.pdf https://etd.uum.edu.my/8321/2/S815493_01.pdf https://etd.uum.edu.my/8321/3/S815493_references.docx |
| _version_ |
1747828373319581696 |