The main purpose of this study is to examine the mutual fund industry of Pakistan, to examine the assets allocation pattern of mutual funds, how efficiently they are allocated into various assets categories and how investors base their future investment decisions either on past performance or on...

Capital Assets Pricing Model (CAPM) is the widely tested, accepted and rejected model of asset pricing. From its beginning (1964) it has occupied the prime place and still part of the text books on finance in leading business schools. This study is conducted in Pakistani institutional frame work...

Islamic Capital Markets-ICMs, featured as socially responsible investments, less levered, and more reflective of the real sector, is a recent development in financial markets, with impressive growth and offer the potential for portfolio diversification benefits. This study is conducted on the...