Factors influencing Islamic unit trust performance : a comparison between BIMB investment products and public mutual Islamic investment products / Atiyyah Aziz

Based on the previous study on Islamic unit trust performance, it was found that most of the variables such a risk and fund size have significant impact on the Islamic unit trust performance. On the other hand, management expenses and fund turnover were insignificant on Islamic unit trust performance. Thus, the purpose of this research is to investigate a relationship between risk, fund size, management expenses and fund turnover towards Islamic unit trust performance. The researcher used the Islamic Unit Trust Performance as the dependent variable and the independent variable and the independent variables are risk, fund size, management expenses and the fund turnover. This research is to compare performance between three Islamic unit trust product from BIMB Investment Management Berhad and three Islamic unit trust products from BIMB Investment Management Berhad and three Islamic unit trust from Public Mutual Berhad. The selected Islamic unit trust products for this research are BIMB I-Growth, BIMB I-Flexi Fund, BIMB Dana Al Falah, Public Asia Ittikal Fund, Public Islamic Equity Fund and Public Islamic Asia Dividend Fund. In order to investigate between Islamic unit trust performance and the four variables, this research paper used the data from the period of years 2018 to 2020. Eviews software is used to analyse the data for this research. Thus, the tool to measure and analyse the data is Multiple Linear regression model. Based on the findings of this research, it is found that all the independent variables have significant impacts on BIMB Investment products. As for Public Mutual Islamic investment products only, risk is not having significant impact on the Islamic unit trust performance, whereas, all the independent variables are having significant impact.