UUM Electronic Theses and Dissertation
UUM ETD | Universiti Utara Malaysian Electronic Theses and Dissertation
FAQs | Feedback | Search Tips | Sitemap

A comparison between Islamic and conventional bond fund’s performance in Malaysia

Koo, Von Siong (2015) A comparison between Islamic and conventional bond fund’s performance in Malaysia. Masters thesis, Universiti Utara Malaysia.

[thumbnail of s811990.pdf]
Preview
Text
s811990.pdf

Download (1MB) | Preview
[thumbnail of s811990_abstract.pdf]
Preview
Text
s811990_abstract.pdf

Download (575kB) | Preview

Abstract

The main objective for an investment is to curb inflation. Unit trust is one of common investment vehicle in Malaysia. The main purpose of this study is to compare the
performance analysis on Islamic bond funds and Conventional bond funds in Malaysia. The performance of both funds was analyzed over a period of 48 months commencing from January 2011 to December 2014. The monthly returns of 20 bond funds, being 10 Islamic bond funds and 10 Conventional bond funds are extracted
from Morningstar system. Performance of unit trust always influenced by risk and return. In this research, the fund performances are evaluated by using six performance measures namely mean return, standard deviation, beta, Treynor index, Sharpe index and Jensen index. The results of this study suggest that Islamic Bond Funds are outperformed the Conventional bond funds during the period of study. On the other hand, Conventional bond funds seem to have a lower risk than Islamic bond funds.
Nevertheless, when both funds are compared by using t-Test and ANOVA, results displayed Islamic bond funds and Conventional bond funds have no difference in fund‟s performance. The findings are highly relevant to investors as well as fund managers

Item Type: Thesis (Masters)
Supervisor : Hanafi, Norshafizah
Item ID: 5055
Uncontrolled Keywords: Islamic bond funds, Conventional bond funds, Performance
Subjects: H Social Sciences > HG Finance
Divisions: Othman Yeop Abdullah Graduate School of Business
Date Deposited: 20 Oct 2015 08:49
Last Modified: 18 Mar 2021 08:26
Department: Othman Yeop Abdullah Graduate School of Business
Name: Hanafi, Norshafizah
URI: https://etd.uum.edu.my/id/eprint/5055

Actions (login required)

View Item
View Item