Comparative study on selected islamic equity unit trust funds in Malaysia: Risk and return analysis / Mohd Khairul Wafi Che Cob

Malaysian Islamic unit trust funds grew significantly over the last few years. The main objectives of this paper are to evaluate and compare the return performance and risk difference between the selected Islamic equity trust funds in Malaysia for 1235 trading days beginning July 2007 until June 201...

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Main Author:	Che Cob, Mohd Khairul Wafi
Format:	Thesis
Language:	English
Published:	2013
Subjects:	Trust services Trust companies Trust services. Trust companies
Online Access:	https://ir.uitm.edu.my/id/eprint/41530/1/41530.pdf
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id	my-uitm-ir.41530
record_format	uketd_dc
spelling	my-uitm-ir.415302021-02-11T03:21:42Z Comparative study on selected islamic equity unit trust funds in Malaysia: Risk and return analysis / Mohd Khairul Wafi Che Cob 2013-01 Che Cob, Mohd Khairul Wafi Trust services. Trust companies Investment companies. Investment trusts. Mutual funds Finance, Islamic Malaysian Islamic unit trust funds grew significantly over the last few years. The main objectives of this paper are to evaluate and compare the return performance and risk difference between the selected Islamic equity trust funds in Malaysia for 1235 trading days beginning July 2007 until June 2012. The unit trust funds are selected based on the performance website Morningstar Asia and data availability. Investment performance measurements, Sharpe’s Index and Treynor’s Index, are used to measure their return performances and rank them in descending order. Risk differences among the funds are calculated using standard deviation and beta regression. Risk to return diversification is determined by using coefficient of variation. The average return of unit trust funds are regressed with the Kuala Lumpur Composite Index (KLCI) as the market index individually and T-test, F-test and coefficient of determination (R Square) are interpreted. Correlation analysis between the variables is further developed to detect the movement of each variable with respect to another. The results suggest that the return performances using the two different indexes shows inconsistency due to difference in risk associated in each equation. Risk also noted to be different due to the same reasons. Correlation analysis results suggest there are positive but insignificant movement of unit trust fund with respect to other funds and the market index 2013-01 Thesis https://ir.uitm.edu.my/id/eprint/41530/ https://ir.uitm.edu.my/id/eprint/41530/1/41530.pdf text en public degree Universiti Teknologi MARA, Kelantan Faculty of Business Management Ramzi, Mohammad Ikram
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Ramzi, Mohammad Ikram
topic	Trust services Trust companies Trust services Trust companies Trust services. Trust companies
spellingShingle	Trust services Trust companies Trust services Trust companies Trust services. Trust companies Che Cob, Mohd Khairul Wafi Comparative study on selected islamic equity unit trust funds in Malaysia: Risk and return analysis / Mohd Khairul Wafi Che Cob
description	Malaysian Islamic unit trust funds grew significantly over the last few years. The main objectives of this paper are to evaluate and compare the return performance and risk difference between the selected Islamic equity trust funds in Malaysia for 1235 trading days beginning July 2007 until June 2012. The unit trust funds are selected based on the performance website Morningstar Asia and data availability. Investment performance measurements, Sharpe’s Index and Treynor’s Index, are used to measure their return performances and rank them in descending order. Risk differences among the funds are calculated using standard deviation and beta regression. Risk to return diversification is determined by using coefficient of variation. The average return of unit trust funds are regressed with the Kuala Lumpur Composite Index (KLCI) as the market index individually and T-test, F-test and coefficient of determination (R Square) are interpreted. Correlation analysis between the variables is further developed to detect the movement of each variable with respect to another. The results suggest that the return performances using the two different indexes shows inconsistency due to difference in risk associated in each equation. Risk also noted to be different due to the same reasons. Correlation analysis results suggest there are positive but insignificant movement of unit trust fund with respect to other funds and the market index
format	Thesis
qualification_level	Bachelor degree
author	Che Cob, Mohd Khairul Wafi
author_facet	Che Cob, Mohd Khairul Wafi
author_sort	Che Cob, Mohd Khairul Wafi
title	Comparative study on selected islamic equity unit trust funds in Malaysia: Risk and return analysis / Mohd Khairul Wafi Che Cob
title_short	Comparative study on selected islamic equity unit trust funds in Malaysia: Risk and return analysis / Mohd Khairul Wafi Che Cob
title_full	Comparative study on selected islamic equity unit trust funds in Malaysia: Risk and return analysis / Mohd Khairul Wafi Che Cob
title_fullStr	Comparative study on selected islamic equity unit trust funds in Malaysia: Risk and return analysis / Mohd Khairul Wafi Che Cob
title_full_unstemmed	Comparative study on selected islamic equity unit trust funds in Malaysia: Risk and return analysis / Mohd Khairul Wafi Che Cob
title_sort	comparative study on selected islamic equity unit trust funds in malaysia: risk and return analysis / mohd khairul wafi che cob
granting_institution	Universiti Teknologi MARA, Kelantan
granting_department	Faculty of Business Management
publishDate	2013
url	https://ir.uitm.edu.my/id/eprint/41530/1/41530.pdf
_version_	1783734643834486784

Comparative study on selected islamic equity unit trust funds in Malaysia: Risk and return analysis / Mohd Khairul Wafi Che Cob

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