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The Effect of Fund and Family Characteristics on Islamic Mutual Fund Flows Evidence from Saudi Arabia

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dc.contributor.authorAnas Ahmad Bani Atta,en_US
dc.contributor.authorAinulashikin Marzukien_US
dc.date.accessioned2024-05-30T02:24:24Z
dc.date.available2024-05-30T02:24:24Z
dc.date.issued2020-04-30
dc.descriptionVol. 30 (2020): ULUM ISLAMIYYAH The Malaysian Journal of Islamic Sciences [April 2020]en_US
dc.description.abstractIslamic mutual funds (IMF) are growing as a substitutional investment vehicle for investors who want to combine value and financial objectives in their investment. A group of the funds is managed by one Investment Company called the family of funds. This study investigates the flow-performance relationship in IMF, in addition to the extent to which family and fund characteristics contribute to explaining fund flows in Saudi Arabia for the period from 2007 to 2017. The study uses raw returns to calculate the fund performance and use the percentage money flow (FLOW), defined as money flow scaled by the total net asset of the fund. The results show there is a positive relationship between past performance and fund flow that mean IMF investors make rational financial decisions by directing fund flows to better performing funds. In addition, the results show family characteristics have an impact on IMF inflow.en_US
dc.identifier.citationBani Atta, A. A. ., & Marzuki, A. . (2020). The Effect of Fund and Family Characteristics on Islamic Mutual Fund Flows: Evidence from Saudi Arabia. Ulum Islamiyyah, 30, 27-42. https://doi.org/10.33102/uij.vol30no.255en_US
dc.identifier.doi10.33102/uij.vol30no.255
dc.identifier.doieISSN: 2289-4799
dc.identifier.epage42
dc.identifier.issn1675-5936
dc.identifier.spage27
dc.identifier.urihttps://uijournal.usim.edu.my/index.php/uij/article/view/255
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/15987
dc.identifier.volume30
dc.language.isoenen_US
dc.publisherUSIM Pressen_US
dc.relation.ispartofUlum Islamiyyah: Malaysian Journal of Islamic Sciencesen_US
dc.subjectIslamic mutual fund, fund flows, fund family size, fund family age, past performanceen_US
dc.titleThe Effect of Fund and Family Characteristics on Islamic Mutual Fund Flows Evidence from Saudi Arabiaen_US
dc.typeArticleen_US
dspace.entity.typePublication

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