An analysis of relationship between unit trust performance towards KLSE CI and syariah index: a case of Public Mutual Berhad / Nurfarida Juhari

Despite the growth in the traditional mutual fund literature over the past several decades, academics still reach contradictory conclusions regarding the ability of fund managers to consistently outperform the market and the fund specific organizational and managerial factors that impact performance...

Full description

Saved in:

Bibliographic Details
Main Author:	Juhari, Nurfarida
Format:	Thesis
Language:	English
Published:	2006
Subjects:	Trust services Trust companies
Online Access:	https://ir.uitm.edu.my/id/eprint/70272/1/70272.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-uitm-ir.70272
record_format	uketd_dc
spelling	my-uitm-ir.702722023-06-22T07:57:29Z An analysis of relationship between unit trust performance towards KLSE CI and syariah index: a case of Public Mutual Berhad / Nurfarida Juhari 2006 Juhari, Nurfarida Trust services. Trust companies Despite the growth in the traditional mutual fund literature over the past several decades, academics still reach contradictory conclusions regarding the ability of fund managers to consistently outperform the market and the fund specific organizational and managerial factors that impact performance.(Laurie Prather, William J. Bertin*, Thomas Henker, 2002). The aim of this paper is to ascertain the relationship between Public Index fund and Public Ittikal fund performance held by Public Mutual Berhad and their return persistence with their benchmark which is Kuala Lumpur Composite Index (KLCI) and Kuala Lumpur Syariah index (KLSI). This research is conducted on the 6 years data range from 7th January 2000 - 30th December 2005 unit trust market return based on Net Asset Value (NAV) and the Kuala Lumpur Composite Index (KLCI) and Kuala Lumpur Syariah Index (KLSI) market return, using weekly basis. The correlation between those performances is also discussed. In overall conclusion, this research shows that the unit trust performance does have a relationship but it is too weak for the benchmark to determine and estimate the performance of unit trust alone. This is supported by the findings from the previous research of Grinblatt and Titman (1994) which shows that inferences about fund performance can be dramatically affected by the chosen benchmarks. 2006 Thesis https://ir.uitm.edu.my/id/eprint/70272/ https://ir.uitm.edu.my/id/eprint/70272/1/70272.pdf text en public degree Universiti Teknologi MARA (UiTM) Faculty Business Management Usman @ Othman, Zaihan
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Usman @ Othman, Zaihan
topic	Trust services Trust companies
spellingShingle	Trust services Trust companies Juhari, Nurfarida An analysis of relationship between unit trust performance towards KLSE CI and syariah index: a case of Public Mutual Berhad / Nurfarida Juhari
description	Despite the growth in the traditional mutual fund literature over the past several decades, academics still reach contradictory conclusions regarding the ability of fund managers to consistently outperform the market and the fund specific organizational and managerial factors that impact performance.(Laurie Prather, William J. Bertin*, Thomas Henker, 2002). The aim of this paper is to ascertain the relationship between Public Index fund and Public Ittikal fund performance held by Public Mutual Berhad and their return persistence with their benchmark which is Kuala Lumpur Composite Index (KLCI) and Kuala Lumpur Syariah index (KLSI). This research is conducted on the 6 years data range from 7th January 2000 - 30th December 2005 unit trust market return based on Net Asset Value (NAV) and the Kuala Lumpur Composite Index (KLCI) and Kuala Lumpur Syariah Index (KLSI) market return, using weekly basis. The correlation between those performances is also discussed. In overall conclusion, this research shows that the unit trust performance does have a relationship but it is too weak for the benchmark to determine and estimate the performance of unit trust alone. This is supported by the findings from the previous research of Grinblatt and Titman (1994) which shows that inferences about fund performance can be dramatically affected by the chosen benchmarks.
format	Thesis
qualification_level	Bachelor degree
author	Juhari, Nurfarida
author_facet	Juhari, Nurfarida
author_sort	Juhari, Nurfarida
title	An analysis of relationship between unit trust performance towards KLSE CI and syariah index: a case of Public Mutual Berhad / Nurfarida Juhari
title_short	An analysis of relationship between unit trust performance towards KLSE CI and syariah index: a case of Public Mutual Berhad / Nurfarida Juhari
title_full	An analysis of relationship between unit trust performance towards KLSE CI and syariah index: a case of Public Mutual Berhad / Nurfarida Juhari
title_fullStr	An analysis of relationship between unit trust performance towards KLSE CI and syariah index: a case of Public Mutual Berhad / Nurfarida Juhari
title_full_unstemmed	An analysis of relationship between unit trust performance towards KLSE CI and syariah index: a case of Public Mutual Berhad / Nurfarida Juhari
title_sort	analysis of relationship between unit trust performance towards klse ci and syariah index: a case of public mutual berhad / nurfarida juhari
granting_institution	Universiti Teknologi MARA (UiTM)
granting_department	Faculty Business Management
publishDate	2006
url	https://ir.uitm.edu.my/id/eprint/70272/1/70272.pdf
_version_	1783735933125787648

An analysis of relationship between unit trust performance towards KLSE CI and syariah index: a case of Public Mutual Berhad / Nurfarida Juhari

Similar Items