Open AccessKinerja reksa dana syariah dan beberapa faktor yang memengaruhinya: studi di pasar modal Indonesia 2010-2013
Author(s) -
Setia Mulyawan
Publication year - 2017
Publication title -
ijtihad
Language(s) - English
Resource type - Journals
eISSN - 2477-8036
pISSN - 1411-9544
DOI - 10.18326/ijtihad.v16i2.217-236
Subject(s) - mutual fund , business , panel data , islam , expense ratio , stock exchange , fund of funds , income fund , closed end fund , fund administration , financial system , finance , economics , econometrics , market liquidity , geography , archaeology
The purpose of this study was to determine the effect of the characteristics on the performance ofIslamic mutual funds in Indonesia. By analyzing data from 27 Islamic mutual funds traded on theIndonesia Stock Exchange during the 48 months (January 2010-December 2013), and using panel dataas a technical analysis, the study came to the conclusion that the characteristics of Islamic mutual funds,represented by the turnover ratio, expenses ratio, fund size, fund age, and fund selection influence theperformance of Islamic mutual funds in Indonesia. Turnover ratio, fund size, fund age, and fundselection have positive effect to the performance of Islamic mutual fund.