Cross-sector fund performance comparison: the role of real estate mutual funds

The purpose of this study is to determine whether or not there is a difference in mutual fund performance between sharia mutual funds and conventional mutual funds from 2016 to 2018. The data used is secondary data in the form of NVA report data of 34 mutual funds consisting of 16 sharia mutual funds and 18 conventional mutual funds. The data analysis method used is the Jensen Index, Sharpe index, Treynor Index, MM Index, and TT Index methods and uses the t-test to see whether there are differences in mutual fund performance. The results of this study conclude that quantitatively there is no difference in mutual fund performance between sharia mutual funds and conventional mutual funds. Likewise, the statistical test with the t-test shows that there is no difference in performance in terms of the Jensen Index, Sharpe index, Treynor Index, MM Index, and TT Index.

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Manager Tenure - Real Estate Mutual Fund (REMF) Versus Equity Mutual Fund Performance

Journal of Business & Economics Research (JBER) ◽

10.19030/jber.v11i1.7519 ◽

2012 ◽

Vol 11 (1) ◽

pp. 17

Author(s):

James L. Kuhle

Keyword(s):

Real Estate ◽

Mutual Funds ◽

Mutual Fund ◽

Fund Performance ◽

Font Size ◽

Mutual Fund Managers ◽

Fund Managers ◽

Equity Mutual Funds ◽

Overall Performance ◽

Real Estate Assets

Historically, mixed evidence has been reported suggesting that mutual fund managers exhibit superior returns based on the length of their tenure. Further, the result of tenure performance for real estate mutual fund managers has been reported with mixed results. Therefore, it is the purpose of this research to consider the effect of management tenure on the overall performance of various classes of equity mutual funds, including those funds that invest exclusively in real estate assets. These results are studied over periods of three, five, and ten-year manager tenure to determine if there is significantly better performance among various tenure groups.

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Conceptual Framework for the Determinants of Mutual Fund Performance in Malaysia

Summer - GATR Journal of Finance and Banking Review ◽

10.35609/jfbr.2018.3.4(2) ◽

2018 ◽

Vol 3 (4) ◽

pp. 48-53

Author(s):

Hafinaz Hasniyanti Hassan ◽

Nazimah Hussin

Keyword(s):

Conceptual Framework ◽

Mutual Funds ◽

Mutual Fund ◽

Structural Equation ◽

Fund Performance ◽

Mutual Fund Performance ◽

Mediating Role ◽

Fund Governance ◽

The Relationship

Objective - The aim of the study is to identify the determinants of mutual fund performance. Mutual funds have grown in the global financial scene since the 1890s. Past studies have examined various issues associated with mutual funds. However, in Malaysia, mutual fund related studies are rather limited. While most global researches observe the determinants of conventional mutual fund performance, the literature in Malaysia focuses only on a comparison of the performance of mutual funds. Hence, this study aims to fill that gap by providing a framework to assess the determinants of mutual fund performance. More specifically, the study proposes a conceptual framework to determine the effect of historical return, fund governance, timing and selection skills on mutual fund performance. The advancement of the study can be found through the use of theory of performance and mutual fund fees as a mediator in determining the performance of mutual fund fees. Methodology/Technique - A quantitative approach based on secondary data will be used in this study. Multivariate regression analysis and structural equation modelling is also used to evaluate the relationship between the variables. Findings - A conceptual framework is proposed based on the Theory of Performance. The model fit and the mediating role of mutual fund fees will be confirmed after the collection of the research data. It is expected that historical return, fund governance, timing and selection skills will affect mutual fund performance and mutual fund fees will mediate the relationship between the two. Novelty – This study will provide a new perspective on mutual fund performance by using the Theory of Performance. In addition, the mediating role of mutual fund fees is further examined in relation to the specified determinants and mutual fund performance. Type of Paper - Review. Keywords: Mutual Funds; Fees; Performance; Mediator; Theory of Performance. JEL Classification: G10, G11, G19.

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