Risk Adjusted Performance of Pakistani Mutual Funds

Abstract

This research aims to analyze the risk adjusted performance of Pakistani open-end mutual funds during the time period July 2008 to July 2013 using the most important and widely used risk adjusted performance measures. A sample of 73 open-end funds is used for this purpose. The analysis is free from the limitation of unequal sample observations and non-identical time periods. Findings suggest that in Pakistan the open-end mutual funds do not have superior risk adjusted performance.