Determinants Of Mutual Funds Performance In Pakistan
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Determinants Of Mutual Funds Performance In Pakistan
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Author : Muhammad Asad
language : en
Publisher:
Release Date : 2019
Determinants Of Mutual Funds Performance In Pakistan written by Muhammad Asad and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
The aim of this thesis is to investigate various fund attributes influencing returns of Pakistani mutual funds. For this ten types of Mutual funds were selected for the period of 2015-17, and the effect of six micro and two macro fund specific variables on their returns were analyzed. Models have analyzed the effect of all factors in different categories of funds & for different classes of funds. Results showed that the attributes having impact on mutual fund return are risk and expense ratio positively. Some variables have no impact on fund returns i.e. fund size, fund age, and risk return coefficient, moreover macroeconomic factors (GDP and Interest rate) & risk adjusted return have negative relation on fund returns. Macro factors impact have difficult to analyzed with mutual fund return because relation of fund returns mostly depends on its micro factors and its fund manager expectation regarding market. However macro -economic factors affect the overall fund market or any specific class of funds. Sector wise analyze describes the detail effect of each variable in this research, however expense ratio have positive effect on fund return in conventional return but negative for Islamic fund returns.
Determinants Of Investment Behavior Of Investors Towards Mutual Funds
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Author : Sayyed Khawar Abbas
language : en
Publisher:
Release Date : 2017-12-24
Determinants Of Investment Behavior Of Investors Towards Mutual Funds written by Sayyed Khawar Abbas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-12-24 with categories.
Factors Affecting Islamic And Conventional Mutual Funds Returns A Comparative Analysis Of Different Classes Of Funds In Pakistan
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Author : Imran Ahmed
language : en
Publisher:
Release Date : 2018
Factors Affecting Islamic And Conventional Mutual Funds Returns A Comparative Analysis Of Different Classes Of Funds In Pakistan written by Imran Ahmed and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
This study aims to analyze and investigates the factors influencing returns of Islamic and conventional mutual funds in Pakistan. More specifically this study aims to investigate whether macroeconomic and systematic factors affect Shariah compliant Equity, Income and assets allocation mutual funds differently as compared their conventional counterparts. Different statistical techniques like correlation and regression analysis were applied to study their effect. Study concluded that macro-economic factors have impact on both conventional and Islamic mutual funds however their impact seems to be insignificant at large. Overall funds behaved negatively with discount rate, inflation and GDP, whereas positively with trade and market index. Apart from income funds that were affected positively with discount rate. Furthermore, income funds were not affected by market index. Moreover, inflation and GDP that is usually backed by higher interest rates, also effect negatively overall returns. There was no significant difference in the behavior among the Islamic and conventional funds with respect to the above-mentioned factors. Lastly, there was high correlation among both the equity and asset allocation based mutual funds (both Islamic and conventional). It was also found that asset allocation funds had close resemblance to equity-based funds as compared to income-based funds in term of factors influencings their returns this suggested that most of the asset allocation funds have more portion of equity as compared to debt and could be consider highly risky. Hence, they seem to be against Modern portfolio theory Markowitz (1952) presuming it to be in a minimum level of risk.
Portfolio Preferences Of Foreign Institutional Investors
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Author : Reena Aggarwal
language : en
Publisher: World Bank Publications
Release Date : 2003
Portfolio Preferences Of Foreign Institutional Investors written by Reena Aggarwal and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Foreign exchange categories.
Performance And Determinants Of Mutual Funds That Affect Investment Decisions
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Author : LI ANNA (TP035750)
language : en
Publisher:
Release Date : 2016
Performance And Determinants Of Mutual Funds That Affect Investment Decisions written by LI ANNA (TP035750) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Mutual Funds
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Author : Mark Mobius
language : en
Publisher: John Wiley & Sons
Release Date : 2007-03-16
Mutual Funds written by Mark Mobius and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-03-16 with Business & Economics categories.
Each book in the series cuts through the jargon and mystique of the financial markets to give the reader a clear picture of how and why these markets function as they do. Key features include: clear definitions of financial terms worked examples of transactions and contracts summaries and overviews valuation techniques quick Quiz questions to reinforce the learning experience strip cartoons to explain complex trades entertaining cartoons from Alex to lighten the load war stories and anecdotes from Mark Mobius based on his remarkable experiences other Resources section to guide the reader to other useful books, websites and reference material
Factors Affecting Fund Flows In Islamic And Conventional Mutual Funds Of Pakistan
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Author : Saqib Ahmed
language : en
Publisher:
Release Date : 2020
Factors Affecting Fund Flows In Islamic And Conventional Mutual Funds Of Pakistan written by Saqib Ahmed and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
This paper aims to provide empirical evidence on the fund flows in conventional and Islamic equity and fixed-income funds by considering the relationship of it with management expense ratio, fund return, fund size, fund age, inflation, interest rate, and GDP in comparison for conventional and Islamic investors. By using panel data, the sample of Pakistan's locally managed equity and fixed-income funds are considered comprised of 21 individual conventional and Islamic funds from equity and fixed income category respectively from 2009 to 2018. The results provide evidence that Islamic investors have different factors when choosing funds in comparison with conventional investors. The study finds that the key factor influencing the fund flows is the management expense ratio, return, and fund size. This study also shows that all the conventional and Islamic fund characteristics of equity and fixed-income funds are positively related to fund flows except management expense ratio and fund age, which have negative relationship with fund flows. The empirical findings of this paper clearly call for fund managers and investors to review their investment policy as this paper help fund managers to maintain a balanced amongst the factors so as to ensure maximization of its return, benefiting both; Mutual Fund managers and investors. The results could also provide better information and guidance for investors as well as policy-makers on the factors that affect the fund flow for Pakistan Islamic and conventional equity and fixed-income funds.
Determinants Of Private Investment In Pakistan
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Author : Mr.Khaled Sakr
language : en
Publisher: International Monetary Fund
Release Date : 1993-03
Determinants Of Private Investment In Pakistan written by Mr.Khaled Sakr and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-03 with Business & Economics categories.
This paper investigates the determinants of private investment in Pakistan with special emphasis on the impact of government investment. Using annual data for the period 1973/74-1991/92, it is estimated that private investment was positively correlated to GDP growth, to credit extended to the private sector, and to government investment. When government investment is disaggregated into Its infrastructural and noninfrastructural components, the latter is found to be negatively correlated with private investment.
Performance Persistence And Determinants Of Indian Fund Of Mutual Fund
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Author : S. Muruganandan
language : en
Publisher: LAP Lambert Academic Publishing
Release Date : 2014-03
Performance Persistence And Determinants Of Indian Fund Of Mutual Fund written by S. Muruganandan and has been published by LAP Lambert Academic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-03 with categories.
Fund of Mutual Funds (FoFs) are only an investment strategy of holding a portfolio of other investment funds rather than investing directly in shares, bonds and other securities. This strategy offers high level of diversification to the investors but highly criticised due to additional layer fees associated in it. However, the growing demand for FoFs motivated the researchers to examine the persistence and determinants of performance of FoFs in Indian context. The performance of selected FoFs is tested with the help of average excess return, Sharpe ratio and Jensen's alpha and found that the sample funds outperformed the market index for the given level of risk. Malkiel's Z-test, Brown and Goetzmann Z- test and Kahn and Rudd Chi Square test are used to examine the performance persistence and found the loser pattern of persistence. The determinants of FoFs performance is examined by employing Panel Data model and concluded that the fund managers are enjoying the benefit of economies of scale where as investors are not.
Determinants Of Performance For Growth Mutual Funds
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Author : Robert Basist
language : en
Publisher:
Release Date : 1971
Determinants Of Performance For Growth Mutual Funds written by Robert Basist and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971 with Mutual funds categories.
