Heads we win, tails you lose: Is there equity in Islamic equity funds?
We made the first estimate of the proportion of fund alpha statistically attributable to luck rather than skill for a sample of Malaysian Islamic equity funds. Broadly, the funds do not outperform market benchmarks. In the limited instances where performance is superior, based on a contemporary met...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2014
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/41388/ http://irep.iium.edu.my/41388/ http://irep.iium.edu.my/41388/ http://irep.iium.edu.my/41388/1/PACFIN649_-_Published_Version.pdf |