Data Mining and Knowledge Engineering

Asaf Zia ¹

Affiliations
1 Thana Malakand Agency, PK

Abstract

In this research study we used 16 Islamic open ended mutual funds that are operates by different fund managers of Pakistan. Research founded that returns of funds are not to their level of risk. Performance of funds managers is too poor by the help of results obtain from four model of our study Sharpe ratio, Reward to volatility, Jensen's alpha and M-squared (M²). We firstly calculated average monthly returns, net asset value and market index value and founded that performance of Islamic Mutual Funds industry is too poor. Conclusion of this research study is that the Islamic mutual fund is not performing against KMI 30 index and KSE 100 index and Islamic mutual funds is not attractive and their diversification ability is too poor.

Keywords

Islamic Open Ended Funds, Sharpe Ratio, Reward to Volatility, M-Squared (M²).

Full Text

     

Asaf Zia ¹

Affiliations
1 Thana, Malakand Agency, PK

Abstract

In this research study we used 16 Islamic open ended mutual funds that are operates by different fund managers of Pakistan. Research founded that returns of funds are not to their level of risk. Performance of funds managers is too poor by the help of results obtain from four model of our study Sharpe ratio, Reward to volatility, Jensen's alpha and M-squared (M²). We firstly calculated average monthly returns, net asset value and market index value and founded  that performance of Islamic Mutual Funds industry  is too poor. Conclusion of  this research study  is that the Islamic mutual fund is not performing against KMI 30 index and Islamic mutual funds is not attractive and their diversification ability is too poor.

Keywords

Islamic Open Ended Funds, Sharpe Ratio, Reward to Volatility, M-Squared (M²).

Full Text