The Performance of Islamic Unit Trust Funds in Malaysia: Does Persistence Exist?

• Main Authors: Mohd Azlan Shah Zaidi, Zulkefly Abdul Karim, Zurina Kefeli @ Zulkefli
• Format: Article
• Language: English
• Published: Kolej Universiti Islam Malaysia 2012
• Subjects: Unit trust performance; Capital asset pricing model; Persistence in performance; Sharpe index; Treynor index; Jensen-Alpha index
• Online Access: http://ddms.usim.edu.my/handle/123456789/5297

The paper examines Islamic unit trust fund's performance and evaluates whether the performance persists over severa1 time periods. On average, overall funds' performance as well as each fund performance is evaluated. Besides using raw return, this paper also uses Sharpe index, Treynor i...