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The investment performance of u.s. islamic mutual funds

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The investment performance of u.s. islamic mutual funds

dc.contributor.author	Climent Diranzo, Francisco José
dc.contributor.author	Mollá, Paula
dc.contributor.author	Soriano Felipe, Pilar
dc.date.accessioned	2022-05-05T07:25:02Z
dc.date.available	2022-05-06T04:45:06Z
dc.date.issued	2020	es_ES
dc.identifier.citation	Climent F, Mollá P, Soriano P. The Investment Performance of U.S. Islamic Mutual Funds. Sustainability. 2020; 12(9):3530.	es_ES
dc.identifier.uri	https://hdl.handle.net/10550/82582
dc.description.abstract	Islamic investment funds have become increasingly important because of high demand from many investors, including those outside the Muslim investment community. This article compares the performance and risk sensitivity of Islamic mutual funds in the United States with that of their conventional peers. This article also analyzes the performance of Islamic funds, and compares this performance with that of socially responsible investment (SRI) mutual funds. Capital Asset Pricing Model (CAPM)-based methodology was used for the analysis. The results suggest that over the entire study period (1987–2018), Islamic funds outperformed conventional funds with comparable characteristics. However, over the most recent period (2000–2018), there were no significant differences in performance. Moreover, Islamic funds achieved levels of adjusted performance that did not significantly differ from those of SRI funds. Conversely, for the earlier period (1987–2000), Islamic funds performed worse than SRI and conventional funds with similar characteristics.	es_ES
dc.language.iso	en	es_ES
dc.subject	islamic mutual funds	es_ES
dc.subject	socially responsible investments	es_ES
dc.subject	ethical investing	es_ES
dc.subject	performance evaluation	es_ES
dc.subject	risk-adjusted performance	es_ES
dc.title	The investment performance of u.s. islamic mutual funds	es_ES
dc.type	journal article	es_ES
dc.subject.unesco	UNESCO::CIENCIAS ECONÓMICAS	es_ES
dc.identifier.doi	10.3390/su12093530	es_ES
dc.accrualmethod	S	es_ES
dc.embargo.terms	0 days	es_ES