ARTICLE

THE PERFORMANCE OF PAKISTANI EQUITY MUTUAL FUNDS DURING BULL AND BEAR MARKET

  1. HOME
  2. ARTICLE

53 Pages : 592-615

http://dx.doi.org/10.31703/gssr.2023(VIII-II).53      10.31703/gssr.2023(VIII-II).53      Published : Jun 2

The Performance of Pakistani Equity Mutual Funds During Bull and Bear Market

Abstract

    This study examines equity mutual funds in Pakistan within bull and bear market contexts.It traces the evolution and significance of mutual funds, particularly their adoption by investors for retirement and financial goals. Despite a substantial presence of open-ended and closed-ended mutual funds, Pakistan's mutual fund industry remains comparatively small on a global scale. Equity mutual funds, focused on stocks, appeal to young investors seeking higher returns with moderate risk. These funds enable risk diversification and effective portfolio management by experienced professionals. While small investors benefit from equity funds, their performance is subject to public scrutiny due to robust regulatory oversight. This research sheds light on equity mutual funds' role in Pakistan's financial landscape, emphasizing their importance in providing accessible and diversified investment options for a range of investors.

    Pakistani Equity Mutual Funds, Bull and Bear Market, Stocks, Finance, Financial Goals

    (1) Muhammad Yousif
    Ph.D. Scholar, Department of Business Administration, Ghazi University, Dera Ghazi Khan, Punjab, Pakistan.
    (2) Muhammad Ziaullah
    Associate Professor, Department of Business Administration, Ghazi University, Dera Ghazi Khan, Punjab, Pakistan.
    (3) Muhammad Gulraiz Tariq
    Ph.D. Scholar, Department of Business Administration, Ghazi University, Dera Ghazi Khan, Punjab, Pakistan.
Fulltext PDF

References

  • Bilawal, A. M. (2016). Performance of closed- end mutual funds: Evidence from Pakistan. Journal of Managerial Sciences, 10(2), 281- 297.
  • Gohar, U. (2011). Performance analysis of mutual funds in Pakistan. International Research Journal of Finance and Economics, 65, 89-97.
  • Huhmann, B. A. (2005). An empirical examination of mutual fund expenses in developed and developing countries. International Journal of Managerial Finance, 1(3), 203-222.
  • Khorana, A., Servaes, H., & Tufano, P. (2005). Explaining the size of the mutual fund industry around the world. Journal of Financial Economics, 78(1), 145-185. https://doi.org/10.2139/ssrn.573503
  • Low, R. K. Y. (2017). Performance of unit trust funds in Malaysia. International Journal of Economics, Commerce and Management, 5(4), 54-67.
  • Manconi, A., Massa, M., & Yasuda, A. (2012). The role of institutional investors in propagating the crisis of 2007–2008. Journal of Financial Economics, 104(3), 491– 518. https://doi.org/10.1016/j.jfineco.2011.05.011
  • Mirza, S. K. (2011). Performance analysis of Pakistani mutual funds. European Journal of Business and Management, 3(1), 58-65.
  • Nafess, N. (2011). Efficiency of Mutual Funds: Evidence from Pakistan. International Journal of Business and Social Science, 2(9), 126-137.
  • Park, C., & Irwin, S. H. (2004). The Profitability of Technical Analysis: A review. Social Science Research Network. https://doi.org/10.2139/ssrn.603481
  • Rao, Z., Ahsan, T., Tauni, M. Z., & Umar, M. (2017). Performance and persistence in performance of actively managed Chinese equity funds. Journal of Quantitative Economics, 16(3), 727–747. https://doi.org/10.1007/s40953-017-0104-5
  • Razzaq, N. (2012). Mutual fund performance in Pakistan: Risk and return analysis. International Journal of Business and Social Science, 3(2), 269-275.
  • Reilly, F., & Norton, E. (2004). Investments. South-Western, Cengage Learning.
  • Rohini, V. A. (2001). Mutual funds: Performance and investment strategies. Indian Journal of Economics and Business, 1(1), 63-73.
  • Swinkels, L. A. (2009). On the dynamics of mutual fund portfolios. Journal of Finance, 64(5), 2151-2187.
  • Swinkels, L. A. (2009). On the dynamics of mutual fund portfolios. Journal of Finance, 64(5), 2151-2187.
  • Zakir, M., & Bello, Z. Y. (2010). Examining the performance of mutual funds in Nigeria. International Journal of Business and Social Science, 1(3), 57-63.
  • Zera, A. S. (2001). The persistence of mutual fund performance. The American Economic Review, 91(5), 1412-1425.
  • Zia, H. K. (2015). Performance of mutual funds: A comparative study of conventional and Islamic mutual funds in Pakistan. International Journal of Academic Research in Business and Social Sciences, 5(5), 17-32.

Cite this article

APA

    APA : Yousif, M., Ziaullah, M., & Tariq, M. G. (2023). The Performance of Pakistani Equity Mutual Funds During Bull and Bear Market. Global Social Sciences Review, VIII(II), 592-615. https://doi.org/10.31703/gssr.2023(VIII-II).53

CHICAGO

    CHICAGO : Yousif, Muhammad, Muhammad Ziaullah, and Muhammad Gulraiz Tariq. 2023. "The Performance of Pakistani Equity Mutual Funds During Bull and Bear Market." Global Social Sciences Review, VIII (II): 592-615 doi: 10.31703/gssr.2023(VIII-II).53

HARVARD

    HARVARD : YOUSIF, M., ZIAULLAH, M. & TARIQ, M. G. 2023. The Performance of Pakistani Equity Mutual Funds During Bull and Bear Market. Global Social Sciences Review, VIII, 592-615.

MHRA

    MHRA : Yousif, Muhammad, Muhammad Ziaullah, and Muhammad Gulraiz Tariq. 2023. "The Performance of Pakistani Equity Mutual Funds During Bull and Bear Market." Global Social Sciences Review, VIII: 592-615

MLA

    MLA : Yousif, Muhammad, Muhammad Ziaullah, and Muhammad Gulraiz Tariq. "The Performance of Pakistani Equity Mutual Funds During Bull and Bear Market." Global Social Sciences Review, VIII.II (2023): 592-615 Print.

OXFORD

    OXFORD : Yousif, Muhammad, Ziaullah, Muhammad, and Tariq, Muhammad Gulraiz (2023), "The Performance of Pakistani Equity Mutual Funds During Bull and Bear Market", Global Social Sciences Review, VIII (II), 592-615

TURABIAN

    TURABIAN : Yousif, Muhammad, Muhammad Ziaullah, and Muhammad Gulraiz Tariq. "The Performance of Pakistani Equity Mutual Funds During Bull and Bear Market." Global Social Sciences Review VIII, no. II (2023): 592-615. https://doi.org/10.31703/gssr.2023(VIII-II).53