Shah, S. M. Aamir; Hijazi, Syed Tahir - In: The Pakistan Development Review 44 (2005) 4, pp. 863-876
This paper presents an overview of the Pakistani mutual fund industry and also evaluates mutual fund performance using a survivorship bias controlled sample of funds. By the end of financial year 2004, 112 billion rupees were invested in mutual funds. The main purpose of this study is to examine...