Is the Fama French Three-Factor Model Relevant? Evidence from Islamic Unit Trust Funds
The study tests the Fama and French three-factor model by using the newly created Islamic equity style indices. Based on a dataset from May 2006 to April 2011, the three-factor model is tested based on returns of Islamic unit trust funds using the Generalized Method of Moments (GMM) methodology. The...
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| Main Authors: | , , |
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| Format: | Article |
| Published: |
Korea Distribution Science Association (KODISA)
2018
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| Subjects: | |
| Online Access: | http://eprints.um.edu.my/20721/ https://doi.org/10.13106/jafeb.2018.vol5.no4.21 |
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