Title

Philippine bond funds vs equity funds: Performance evaluation in terms of return and sharpe ratio

Added Title

Philippine bond funds versus equity funds

Date of Publication

2017

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions

Subject Categories

Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management Department

Thesis Adviser

Marycris Albao

Defense Panel Chair

Junnette Perez

Defense Panel Member

Ray Almonares

Mar Andriel Umali

Abstract/Summary

This study evaluated Philippine bond and equity funds from 2010-2016 by comparing them to their respective benchmarks, iBoxx Philippines and Philippine Stock Exchange index (PSEi). The performance measures used were returns and risk-adjusted returns (Sharpe ratio) which were derived across four holding periods: 1-year, 3-year, 5-year, and 7-year period. Results showed that, in general, bond funds outperformed equity funds both in return and risk adjusted return, However, it was proven that there were no significant differences between the said funds in all holding periods thus the study cannot make a definite claim on which fund category performed better than the other on any time period. Additionally, the percentage of out performing equity funds decreased as the holding period increased whereas the percentage of outperforming bond funds increased as the holding-period lengthened.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU21848

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

84, 63, 7 leaves : illustrations (some color) ; 28 cm.

Keywords

Bonds--Philippines; Mutual funds--Philippines

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