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

• المؤلفون الرئيسيون: Banez, Denisse Erica M., Barsanalina, Rozza Liza Marie, Calapatan, Jonas B., Villacorta, Julia Victoria H.
• التنسيق: text
• اللغة: English
• منشور في: Animo Repository 2017
• الموضوعات: Bonds > Philippines; Mutual funds > Philippines; Finance and Financial Management
• الوصول للمادة أونلاين: https://animorepository.dlsu.edu.ph/etd_bachelors/6410
• المؤسسة: De La Salle University

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.