Open AccessPerformance Comparison of Islamic Mutual Funds with Conventional Mutual Funds
Author(s) -
Mohammad Amin
Publication year - 2019
Publication title -
jihbiz
Language(s) - English
Resource type - Journals
eISSN - 2807-6028
pISSN - 2549-0397
DOI - 10.33379/jihbiz.v3i1.787
Subject(s) - treynor ratio , mutual fund , index (typography) , passive management , closed end fund , commodity pool , index fund , open end fund , actuarial science , sharpe ratio , mathematics , business , accounting , fund of funds , institutional investor , computer science , finance , portfolio , corporate governance , world wide web , market liquidity
The purpose of this study is to determine whether or not there is a difference in mutual fund performance between sharia mutual funds and conventional mutual funds from 2016 to 2018. The data used is secondary data in the form of NVA report data of 34 mutual funds consisting of 16 sharia mutual funds and 18 conventional mutual funds. The data analysis method used is the Jensen Index, Sharpe index, Treynor Index, MM Index, and TT Index methods and uses the t-test to see whether there are differences in mutual fund performance. The results of this study conclude that quantitatively there is no difference in mutual fund performance between sharia mutual funds and conventional mutual funds. Likewise, the statistical test with the t-test shows that there is no difference in performance in terms of the Jensen Index, Sharpe index, Treynor Index, MM Index, and TT Index.