Performance Evaluation of Mutual Funds in Bangladesh
Author(s)
A. T. M. Jakaria Khan , Nusrat Jahan ,
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Abstract
Since its inception, mutual fund has been a preferred tool for portfolio diversification for general investors. This research has been focused to study whether the mutual funds in Bangladesh has been able to serve this purpose in the period 2013 to 2018. Performance of a sample of 29 closed-end mutual funds was studied using the methods suggested by Sharpe, Jenson, Treynor and Fama. The study found that most of the funds have shown superior performance than the market under all five measures. Therefore, investors looking for long-term superior returns maybe drawn to this industry in the coming future. This research may be used for further research exploring portfolio composition of the mutual funds and the background of fund managers and the asset management companies to see whether they have any impact on fund performance
Keywords
M2 Alpha, Mutual fund performance, Jensen’s Alpha, Selectivity, Sharpe ratio, Treynor ratio
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