Araştırma Makalesi
BibTex RIS Kaynak Göster
Yıl 2018, Cilt: 2 Sayı: 2, 50 - 73, 31.05.2018
https://doi.org/10.25295/fsecon.2018.02.004

Öz

Kaynakça

  • Abdullah, F., Hassan, T. ve Mohammad, S. (2007), “Investigation of Performance of Malaysian Islamic Unit Trust Funds: Comparison With Conventional Unit Trust Funds”, Managerial Finance, 33(2), s.142-153.Aksoy, Emine Ebru (2014), Uluslararası Portföy Yönetimi, 1. Baskı, Detay Yayıncılık, Ankara.Albaity, M. ve Mudor, H. (2012), “Return Performance, Cointegration And Short Run Dynamics of Islamic And Non-Islamic Indices: Evidence from the U.S. and Malaysia During the Subprime

Performance Measurement Of Pension Investment Funds in Turkey: Comparing Performance Of Traditional And Islamic Pension Investment Funds

Yıl 2018, Cilt: 2 Sayı: 2, 50 - 73, 31.05.2018
https://doi.org/10.25295/fsecon.2018.02.004

Öz

Pension mutual funds are crucial instruments that boost investment activities. In this way they can make a significant contribution to meeting the resources needed by the country economies. In this paper, at the first stage it has been tried to gauge the performance of 26 share based pension funds operating in Turkey during the period between June 2014 and October 2014 and the timing ability of fund managers. Secondly, the performance of Islamic pension mutual funds which are formed in accordance with Shariah Law and traditional pension mutual funds, has been compared. For this purpose, weekly data of funds has been analyzed by Sharpe and M2 based on standard deviation, and Treynor, T2, Jensen based on systemic risk. According to the results, both fund group generally performed very well and fund managers of them succeeded in market timing strategies. It is also seen that Islamic pension funds displayed lower performance than traditional ones.

Kaynakça

  • Abdullah, F., Hassan, T. ve Mohammad, S. (2007), “Investigation of Performance of Malaysian Islamic Unit Trust Funds: Comparison With Conventional Unit Trust Funds”, Managerial Finance, 33(2), s.142-153.Aksoy, Emine Ebru (2014), Uluslararası Portföy Yönetimi, 1. Baskı, Detay Yayıncılık, Ankara.Albaity, M. ve Mudor, H. (2012), “Return Performance, Cointegration And Short Run Dynamics of Islamic And Non-Islamic Indices: Evidence from the U.S. and Malaysia During the Subprime
Toplam 1 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular İşletme
Bölüm Makaleler
Yazarlar

Mustafa Uysal

Zafer Adalı Bu kişi benim

Yayımlanma Tarihi 31 Mayıs 2018
Yayımlandığı Sayı Yıl 2018 Cilt: 2 Sayı: 2

Kaynak Göster

APA Uysal, M., & Adalı, Z. (2018). Performance Measurement Of Pension Investment Funds in Turkey: Comparing Performance Of Traditional And Islamic Pension Investment Funds. Fiscaoeconomia, 2(2), 50-73. https://doi.org/10.25295/fsecon.2018.02.004

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