Is the Fama French Three-Factor Model Relevant? Evidence from Islamic Unit Trust Funds
The study tests the Fama and French three-factor model by using the newly created Islamic equity style indices. Based on a dataset from May 2006 to April 2011, the three-factor model is tested based on returns of Islamic unit trust funds using the Generalized Method of Moments (GMM) methodology. The...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Published: |
Korea Distribution Science Association (KODISA)
2018
|
| Subjects: |