EVALUATION OF BANKS’ EQUITY UMBRELLA FUNDS PERFORMANCE IN TURKEY

Factors Affecting the Performance of Sharia Equity Funds in Indonesia

By the end of 2018, the net asset value in total and the number of Sharia mutual funds in Indonesia is dominated by the Sharia equity fund. Therefore, this study sought to address the factors of internal and external factors affecting the Sharia equity funds’ performance in Indonesia in the period 2010-2018. The fund performance is measured with the Sharpe ratio. The determinants of fund perfor...

Performance Evaluation of Closed Ended Mutual Funds in Pakistan

Mutual funds are the best tool to mobilize savings and investments in an economy and Pakistan is the pioneer in South Asia, but this industry is not as much mature in comparison to its age in Pakistan. This paper examines the performance of closed ended mutual funds in Pakistan by using five different ranking measures during a period of January 2009 to December 2013 and the sample consists of o...

Equity Performance of Segregated Pension Funds in the UK

We investigate the performance of the UK equity portfolios of 2,175 segregated UK pension funds over the period 1983-97. We find that there is similar pattern in the returns on most of the pension funds and the FT-All Share index, leading us to conclude that most funds in the sample are "closet-trackers". Any measures of outperformance were therefore bound to be small. Over the whole period and...

Evaluation of Hedge Funds Performance

The Performance Persistence of Equity Long/Short Hedge Funds

This paper examines persistence of raw and risk-adjusted returns for long/short equity hedge funds using the portfolio approach of Hendricks, Patel and Zeckhauser (1993). Only limited evidence of persistence is found for raw returns. Funds with the highest raw returns last year continue to outperform over the subsequent year, although not significantly while there is no persistence in returns b...