Performance of Islamic and conventional exchange traded funds in Malaysia
Joint Authors
Hasan, Salwana
Ka, Adam Ng Boon
Diaw, Abduh
Source
ISRA International Journal of Islamic Finance
Issue
Vol. 2, Issue 1 (30 Jun. 2010), pp.133-151, 19 p.
Publisher
International Shari'ah Research Academy for Islamic Finance
Publication Date
2010-06-30
Country of Publication
Malaysia
No. of Pages
19
Main Subjects
Economy and Commerce
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
- Islamic jurisprudence
- Islamic economics
- Financing
- Investments
- Financial markets
- Stocks
- Malaysia
- Mutual funds
- Current assets
Abstract EN
ETFs have attracted many investors as one of the most innovative products of financial engineering.
By virtue of the nascent nature of MyETF-DJIM Titan 25 and FBM 30ETF in Malaysia, comparative performance studies are essential during a financial crisis.
MyETF is different from FBM 30ETF in terms of investment scope and ShariÑah governance structure.
While MyETF has achieved its objective in tracking its index, FBM 30ETF has failed in this respect.
Despite its higher total risk, MyETF performed better than its index.
The same applies in the case of FBM 30ETF.
Although MyETF has bigger net assets, economies of scale, and better diversification, the performances of the two funds are lacklustre and similar, with FBM 30ETF performing somewhat better.
Notwithstanding their success to outperform their respective benchmarks, both ETFs had comparable negative performance, with decline in prices and NAV.
The negative returns have caused abnormality in their measurements
American Psychological Association (APA)
Diaw, Abduh& Hasan, Salwana& Ka, Adam Ng Boon. 2010. Performance of Islamic and conventional exchange traded funds in Malaysia. ISRA International Journal of Islamic Finance،Vol. 2, no. 1, pp.133-151.
https://search.emarefa.net/detail/BIM-717606
Modern Language Association (MLA)
Diaw, Abduh…[et al.]. Performance of Islamic and conventional exchange traded funds in Malaysia. ISRA International Journal of Islamic Finance Vol. 2, no. 1 (Jun. 2010), pp.133-151.
https://search.emarefa.net/detail/BIM-717606
American Medical Association (AMA)
Diaw, Abduh& Hasan, Salwana& Ka, Adam Ng Boon. Performance of Islamic and conventional exchange traded funds in Malaysia. ISRA International Journal of Islamic Finance. 2010. Vol. 2, no. 1, pp.133-151.
https://search.emarefa.net/detail/BIM-717606
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 150-151
Record ID
BIM-717606