International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Impact of Fund Size on Performance and Risk of Closed-End Mutual Funds: An Empirical Analysis in the Context of Bangladesh

Author(s) Abdullah Al Shaekh, Sheikh Mohammad Rabby, Syed Asif Hossain
Country Bangladesh
Abstract This study examines the prospective statistical relationship between the size of closed-end mutual funds and their performance and risk within a comprehensive framework. The analysis encompasses both linear and quadratic relationships, employing established performance metrics including the Sharpe Ratio, Excess Return, Treynor Ratio, and the fund's total & systematic risk. In order to test the relationship, this research used the data from 35 closed-end mutual funds traded on the Dhaka Stock Exchange (DSE) in Bangladesh from 2017 to 2022. The empirical tests reveal a statistically significant negative linear relationship between the size of closed-end mutual funds and the performance measures, as well as the fund's systematic and total risk. Moreover, the findings provide compelling evidence of a concave quadratic relationship between mutual fund size and total risk, underscoring the presence of an optimal fund size from a risk perspective.
Keywords Mutual Fund, Fund size, Performance, Risk
Field Business Administration
Published In Volume 6, Issue 3, May-June 2024
Published On 2024-05-29
Cite This Impact of Fund Size on Performance and Risk of Closed-End Mutual Funds: An Empirical Analysis in the Context of Bangladesh - Abdullah Al Shaekh, Sheikh Mohammad Rabby, Syed Asif Hossain - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.21524
DOI https://doi.org/10.36948/ijfmr.2024.v06i03.21524
Short DOI https://doi.org/gtw6qw
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