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2022 | OriginalPaper | Chapter

Market-Timing Skills in the Aftermath of COVID-19 Outbreak: Evidence from Islamic Funds

Authors : Sonia Arsi, Soumaya Ben Khelifa

Published in: Financial Market Dynamics after COVID 19

Publisher: Springer International Publishing

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Abstract

The COVID-19 outburst triggered all activity sectors, altering even the financial markets dynamics. And, the Islamic finance segment has not been spared. This chapter has a special focus on the market-timing abilities of Islamic funds to time stock markets before and during the COVID-19 pandemic era through cross-regional investigations, i.e., North America, Europe and Asia. The results reveal that only European Islamic funds’ managers exhibit market timing skills for the two-time spans. Equally, the Islamic funds’ excess of return appears to be associated with that of equity, but mixed results are displayed for each region.

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Title: Market-Timing Skills in the Aftermath of COVID-19 Outbreak: Evidence from Islamic Funds
Authors: Sonia Arsi
Soumaya Ben Khelifa
Publisher: Springer International Publishing
Book: Financial Market Dynamics after COVID 19
Print ISBN: 978-3-030-98541-7

Electronic ISBN: 978-3-030-98542-4

Copyright Year: 2022
DOI: https://doi.org/10.1007/978-3-030-98542-4_1