Cover Image

Bond Fund Versus Islam Bond Fund: A Comparison of the Performance of Fixed Income Funds in Malaysia

This study examines 43 bond funds and 24 Islamic bond funds in Malaysia from 1 August 2016 to 30 July 2021. This study analyses the performance of fixed income fund portfolios using risk-adjusted models: Treynor ratio, Sharpe ratio, and Jensen alpha. The Wilcoxon signed rank test was done on the top...

Full description

Saved in:
Bibliographic Details
Main Authors: Aminah Shari, Mohd Zulkarnain Bahrun
Format: Article
Language:English
English
Published: Human Resource Management Academic Research Society 2023
Subjects:
BP1-68 General
HG3810-4000 Foreign exchange. International finance. International monetary system
Online Access:https://eprints.ums.edu.my/id/eprint/38424/1/ABSTRACT.pdf
https://eprints.ums.edu.my/id/eprint/38424/2/FULL%20TEXT.pdf
https://eprints.ums.edu.my/id/eprint/38424/
http://dx.doi.org/10.6007/IJARAFMS/v13-i3/18903
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.ums.eprints.38424
record_format eprints
spelling my.ums.eprints.384242024-03-01T07:29:09Z https://eprints.ums.edu.my/id/eprint/38424/ Bond Fund Versus Islam Bond Fund: A Comparison of the Performance of Fixed Income Funds in Malaysia Aminah Shari Mohd Zulkarnain Bahrun BP1-68 General HG3810-4000 Foreign exchange. International finance. International monetary system This study examines 43 bond funds and 24 Islamic bond funds in Malaysia from 1 August 2016 to 30 July 2021. This study analyses the performance of fixed income fund portfolios using risk-adjusted models: Treynor ratio, Sharpe ratio, and Jensen alpha. The Wilcoxon signed rank test was done on the top 20 bond funds and Islamic bond funds portfolios to compare risk adjusted performance using Sharpe, Treynor, and Jensen. Sharpe and Treynor's top 20 bond fund portfolios underperformed the market, while Islamic bond funds outperformed. Both funds outperform the market, according Jensen alpha. The performance of bond funds and Islamic bond funds differs significantly when three risk-adjusted models are utilised. This analysis reveals that Islamic bond funds are more stable over this time span. Human Resource Management Academic Research Society 2023 Article NonPeerReviewed text en https://eprints.ums.edu.my/id/eprint/38424/1/ABSTRACT.pdf text en https://eprints.ums.edu.my/id/eprint/38424/2/FULL%20TEXT.pdf Aminah Shari and Mohd Zulkarnain Bahrun (2023) Bond Fund Versus Islam Bond Fund: A Comparison of the Performance of Fixed Income Funds in Malaysia. International Journal of Academic Research in Accounting, Finance and Management Sciences, 13. pp. 243-256. ISSN 2225-8329 http://dx.doi.org/10.6007/IJARAFMS/v13-i3/18903
institution Universiti Malaysia Sabah
building UMS Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sabah
content_source UMS Institutional Repository
url_provider http://eprints.ums.edu.my/
language English
English
topic BP1-68 General
HG3810-4000 Foreign exchange. International finance. International monetary system
spellingShingle BP1-68 General
HG3810-4000 Foreign exchange. International finance. International monetary system
Aminah Shari
Mohd Zulkarnain Bahrun
Bond Fund Versus Islam Bond Fund: A Comparison of the Performance of Fixed Income Funds in Malaysia
description This study examines 43 bond funds and 24 Islamic bond funds in Malaysia from 1 August 2016 to 30 July 2021. This study analyses the performance of fixed income fund portfolios using risk-adjusted models: Treynor ratio, Sharpe ratio, and Jensen alpha. The Wilcoxon signed rank test was done on the top 20 bond funds and Islamic bond funds portfolios to compare risk adjusted performance using Sharpe, Treynor, and Jensen. Sharpe and Treynor's top 20 bond fund portfolios underperformed the market, while Islamic bond funds outperformed. Both funds outperform the market, according Jensen alpha. The performance of bond funds and Islamic bond funds differs significantly when three risk-adjusted models are utilised. This analysis reveals that Islamic bond funds are more stable over this time span.
format Article
author Aminah Shari
Mohd Zulkarnain Bahrun
author_facet Aminah Shari
Mohd Zulkarnain Bahrun
author_sort Aminah Shari
title Bond Fund Versus Islam Bond Fund: A Comparison of the Performance of Fixed Income Funds in Malaysia
title_short Bond Fund Versus Islam Bond Fund: A Comparison of the Performance of Fixed Income Funds in Malaysia
title_full Bond Fund Versus Islam Bond Fund: A Comparison of the Performance of Fixed Income Funds in Malaysia
title_fullStr Bond Fund Versus Islam Bond Fund: A Comparison of the Performance of Fixed Income Funds in Malaysia
title_full_unstemmed Bond Fund Versus Islam Bond Fund: A Comparison of the Performance of Fixed Income Funds in Malaysia
title_sort bond fund versus islam bond fund: a comparison of the performance of fixed income funds in malaysia
publisher Human Resource Management Academic Research Society
publishDate 2023
url https://eprints.ums.edu.my/id/eprint/38424/1/ABSTRACT.pdf
https://eprints.ums.edu.my/id/eprint/38424/2/FULL%20TEXT.pdf
https://eprints.ums.edu.my/id/eprint/38424/
http://dx.doi.org/10.6007/IJARAFMS/v13-i3/18903
_version_ 1793154682200260608
score 13.211869

Similar Items