Mutual Funds Performance (A Case of Pakistan Open Ended Mutual Funds)

Yasir Khan (Qurtuba University Peshawar, Pakistan)
Mukharif Shah (Abdul Wali Khan University Mardan, Pakistan)
Darwash Muhammad (Swiss Business School)

Abstract


Mutual Funds through its professional managers enable small investors to enjoy benefits of capital market with small amount. This study with special focus on Performance-Chasing Behavior and Mutual Funds in an Emerging Economy like Pakistan. The data of 100 open-end Mutual Funds, for the period 2013 to 2018 was collected from Mutual Fund Association of Pakistan; while the risk free rates data was collected from State Bank of Pakistan and Stock data from Pakistan Stock Exchange for predicting the results, Ratio and models were used to understand its suitability. The study has certain implications for the investors in knowing which  funds perform better and which kind of funds are ideal for investment.


Keywords


Mutual fund performance relation; Risk adjusted performance; Managers skills

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DOI: https://doi.org/10.30564/jbar.v3i1.1554

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