Heads we win, tails you lose: Is there equity in Islamic equity funds?
We made the first estimate of the proportion of fund alpha statistically attributable to luck rather than skill for a sample of Malaysian Islamic equity funds. Broadly, the funds do not outperform market benchmarks. In the limited instances where performance is superior, based on a contemporary met...
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Main Authors: | Mustaffa Kamil, Nazrol Kamil, Alhabshi, Syed O., Bacha, Obiyathulla I., Masih, Mansur |
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Format: | Article |
Language: | English |
Published: |
Elsevier
2014
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Subjects: | |
Online Access: | http://irep.iium.edu.my/41388/1/PACFIN649_-_Published_Version.pdf http://irep.iium.edu.my/41388/ http://www.elsevier.com/locate/pacfin |
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