Performance of Public Mutual Funds (PMFs) in Emerging Economies: A Case of Bangladesh

Abstract

Public Mutual fund (PMF) is an instrument for pooling the funds by issuing units to the investors and investing funds in the capital market to achieve their objectives. To invest in mutual funds is a complicated trade for investors as individual assets are belongs to verity of risks and they are dubious on return on investment. There are only 43 Mutual Funds are available to choose from where the investors can invest. To take the investment decision, the investors need to know which funds are performing better than others, gives more return, which fund is more risky etc. In this study the performance evaluation of public mutual funds carried out by considering fund age, fund size, fund return, fund dividend payout, fund price earnings ratio and fund net asset value (NAV). There are only eight PMFs are available in Bangladesh. For analysis purposes the study investigates 1999 to 2015 operations of PMF. Therefore, this study analyzes 128 a firm years, for measuring PMFs performance. The study reveals that fund size, fund return, fund dividend payout and P/E ratio has significant relation on fund performance. Whereas, fund age and fund NAV has insignificant relation on fund performance.

Factors Influencing Saudis Investors’ Attitude to Invest in Islamic Mutual Funds

“…Thus far, there are quite a few studies that investigated some aspects of Islamic mutual funds. These studies mainly focus on their performance and risk/return features (Abedifar, et al, 2015;Barakat 2011;Dewri, et al, 2016;Ashraf 2013). Interestingly, however, these studies also found that Islamic funds generally outperform their counterpart conventional ones.…”

Factors Influencing Saudis Investors’ Attitude to Invest in Islamic Mutual Funds

“…Thus far, there are quite a few studies that investigated some aspects of Islamic mutual funds. These studies mainly focus on their performance and risk/return features (Abedifar, et al, 2015;Barakat 2011;Dewri, et al, 2016;Ashraf 2013). Interestingly, however, these studies also found that Islamic funds generally outperform their counterpart conventional ones.…”