scholarly journals Faktor-Faktor Yang Mempengaruhi Nilai Aktiva Bersih Reksadana Manulife Syariah Sektor Amanah

2017 ◽  
Vol 4 (2) ◽  
pp. 117
Author(s):  
Yesika Novita Lintang Gumilang ◽  
Leo Herlambang
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Mutual Funds ◽  
Capital Markets ◽  
Strong Influence ◽  
Quantitative Approach ◽  
Study Results ◽  
Asset Value ◽  
Net Asset Value ◽  
Small Investors

Mutual funds can be bridging For Small investors but Want to invest hearts Capital Markets Namely mutual funds, but so far there is hardly any who see mutual funds as part of an attractive investment exceeds savings, deposits, or even stocks.There is factors that affect Net Asset Value namely interest rates and market unsystematic risk. Based on this study proved this study uses a quantitative approach to the study results The results of this study is the Effect of interest rate and market unsystematic risk to Net Asset Value simultaneously significantly.The influence of interest rates on the second partial Net Asset Value significantly, interest rates affect the Net Asset Value of 99.4%, which means have a strong influence on the NAB. The effect of market unsystematic risk on a third partially NAB insignificant. market unsystematic risk affect the NAB amounted to only 66.2%.

scholarly journals The Influence of Price/Earning Ratio (PER), Price to Book Ratio (PBR) and Price to Sales Ratio (PSR) on Net Asset Value (NAV) in Sharia Equity Fund

2018 ◽  
Vol 6 (1) ◽  
pp. 91-102
Author(s):  
Gerry Immanuel Tanius ◽  
Rosita Widjojo
Keyword(s):  
Significant Influence ◽  
Capital Markets ◽  
Mutual Fund ◽  
Secondary Data ◽  
Equity Fund ◽  
Asset Value ◽  
Net Asset Value ◽  
Equity Funds ◽  
Small Investors ◽  
Short Time

From many kinds of investment in Indonesian capital markets, a mutual fund is one of the instrument to be discussed. Within a short time, the mutual fund gives a significant influence to the Indonesian capital markets. A mutual fund is one of the alternatives for the investors, especially for small investors or for the investor that does not want to meet high risk. In the growing of Indonesian capital markets, the net asset value (NAV) of the mutual fund should be increasing, and the increase of the NAV proves it. The sharia equity fund is no different. As an alternative investment, the sharia mutual fund in Indonesia is growing; however, it does not seem attractive to the investor, reflected by the small weighting from the mutual fund industry. The reason why investors are reluctant to invest in sharia equity fund is the volatility, compared to the conventional equity fund. To guide investors and to attract investment in sharia equity funds, some indicators can be used, such as PER, PBR and PSR. This study will use these indicators as the independent variables: PER (X1), PBR (X2) and PSR (X3) on the Net Asset Value (NAV) as the dependent variable (Y)  in sharia equity fund using the Jakarta Islamic Index (JII) data. In this research, the researcher uses a quantitative method using secondary data. The results show that there is a significant influence of PER, PBV and PSR on NAV in sharia equity funds. As a consequence, PER, PBR and PSR can guide investors’ decisions to invest in sharia mutual fund.   Keywords: PER, PBR, PSR, NAV, sharia mutual fund

scholarly journals FAKTOR MINAT DAN PERAN PERKEMBANGAN SUKUK TERHADAP PEMBANGUNAN

2020 ◽  
Vol 6 (1) ◽  
pp. 77-96
Author(s):  
Chandra Satria ◽  
Suandi Suandi
Keyword(s):  
Mutual Funds ◽  
Capital Markets ◽  
Capital Market ◽  
Mutual Fund ◽  
Positive Influence ◽  
Data Sources ◽  
Public Companies ◽  
The Public ◽  
Asset Value ◽  
Net Asset Value

In the period between 2010 and the end of 2018, sharia products, especially sukuk in the Indonesian capital market, have shown quite good development. Total funds under management of sharia mutual funds, or better known as the Net Asset Value (NAV), are recorded at Rp 34.5 trillion. This figure is up by 21.8% compared to 2017. The NAV reflects 6.82% of the total conventional and sharia mutual fund NAV. While the number of Islamic mutual funds that have been circulating in the public, there were 224 mutual funds. This figure increased by 23.1% compared to 2017. The number also reflects 10.7% of the total conventional and sharia mutual funds that have been circulating in public (OJK data sources for 2017 and 2018). In that period, the issuance of sukuk was conducted 104 times by 22 issuers and / or public companies with a total sukuk issuance value of Rp 22 trillion or equivalent to 10.5% of the total bond issuance value. The still low total sukuk issuance value compared to the total bond issuance value shows that there are other factors that influence Issuers / PP's interest in issuing sukuk in addition to regulatory factors related to Islamic capital markets which have had a positive influence on the development of Islamic capital markets, especially sukuk

scholarly journals Analysis of The Effect of Macroeconomics On Net Assets Value (NAV) of Sharia Mutual Funds In Indonesia

2020 ◽  
Vol 4 (1) ◽  
pp. 11
Author(s):  
Hilyatun Nafisah ◽  
Supriyono Supriyono
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Mutual Funds ◽  
Mutual Fund ◽  
Stock Prices ◽  
Random Effect ◽  
Asset Value ◽  
Net Asset Value ◽  
Fund Portfolio ◽  
The Relationship

Net Asset Value (NAV) is a measure of investment performance for sharia mutual funds derived from the entire value of the mutual fund portfolio fewer liabilities. This research aims to analyze the effect of the rupiah exchange rate, inflation, Jakarta Islamic Index (JII) and Bank Indonesia Sharia Certificate (SBIS) on Net Asset Value (NAV) of Sharia Mutual Funds. The object in this research consisted of 5 companies registered with the Financial Services Authority (OJK) from 2012-2019. Panel data regression analysis was used to test the hypothesis in this study. A random effect is used to determine the differences in the effect. The result of this study concluded that rupiah exchange rate, inflation and JII and SBIS effect on NAV of sharia mutual funds simultaneously. Partially, an unstable rupiah exchange rate is considered to have an impact on the company's production factors and affect the validity of the stock price; This causes investments no longer be attractive to investors, thereby reducing the value of investments that have an impact on the declining mutual fund NAV. Inflation decreases the real income of people with fixed income will also reduce the value of wealth in the form of money so that people will prefer to invest their money in the form of real assets that will result in reduced investment in the financial and capital markets and lower the NAV value of Islamic Mutual Funds. JII describes the performance of stocks which are one of the portfolios of sharia mutual funds. If the JII index value rises, then the increase in the portfolio of sharia mutual funds that share type will also rise which will have an impact on the increase in the nett asset value of sharia mutual funds. SBIS does not affect the Sharia Mutual Funds NAV. The relationship between SBIS and the Sharia Mutual Fund NAV as well as the relationship between interest rates and stock prices is negative or in the opposite direction. If interest rates rise at an adequate level, investors will try to move their investments from stocks to deposits.

scholarly journals ANALISIS PENGARUH FAKTOR - FAKTOR MAKROEKONOMI TERHADAP NILAI AKTIVA BERSIH (NAB) REKSADANA SYARIAH PERIODE JANUARI 2015 – JUNI 2017

2019 ◽  
Vol 5 (10) ◽  
pp. 860
Author(s):  
Muhammad Nizar Rusdiansyah ◽  
Dina Fitrisia Septiarini
Keyword(s):  
Interest Rate ◽  
Mutual Funds ◽  
Mutual Fund ◽  
Stock Price ◽  
Sampling Technique ◽  
Gold Price ◽  
Asset Value ◽  
Net Asset Value ◽  
Negative Effect ◽  
Positive Effect

This study aims to determine the effect of SBI interest rate, gold price, and JCI on Net Asset Value (NAV) of shariah mutual funds partially or simultaneously. This research uses saturated sampling technique that is monthly data from variable interest rate of Bank Indonesia Certificate (X1), gold price (X2), Composite Stock Price Index (X3), and Net Asset Value of Sharia Mutual Fund (Y) in January 2015 - June 2017. The results of this study show partially SBI and IHSG interest rate variables have a significant positive effect on NAV of Islamic mutual funds, while the variable significantly negative effect on NAV of Islamic mutual funds. Simultaneously variable of SBI interest rate, gold price, and IHSG have significant effect to net asset value of Islamic mutual fund in Indonesia

scholarly journals The Effect of SBI Interest Rates, Rupiah Exchange Rates, and Inflation on Net Asset Value of Equity Mutual Funds in 2015-2018

Academia Open ◽  
2021 ◽  
Vol 4 ◽  
Author(s):  
Fatimatus Sholihah ◽  
Wiwit Hariyanto
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Mutual Funds ◽  
Mutual Fund ◽  
Secondary Data ◽  
Independent Variables ◽  
Equity Mutual Funds ◽  
Asset Value ◽  
Net Asset Value ◽  
Equity Funds

This study aims to determine the effect of SBI interest rates, Rupiah Exchange Rates, and inflation on the net asset value of equity funds in Indonesia for the 2015-2018 period.                This study uses a quantitative approach with analysis tests using multiple linear regression tests, where there are three independent variables and one dependent variable. The type of data in this study uses secondary data, in the form of data taken from the official website of Bank Indonesia. The research sample  was determined by purposive sampling method with sample criteria so that it obttained 9 samples of mutual fund products over four years from 2015-2018 so as many as 36 samples of Mutual Fund Products.         Based on the results of analysis technique that have been done, the results of 3 independent variables show that the exchange rate of the rupiah and inflation have no effect the net asset value of mutual fund shares, while the value of SBI interest rates effect the net asset value of stock mutual funds.

DETERMINAN INFLASI DI INDONESIA PERIODE 1980-2015

2016 ◽  
Vol 21 (1) ◽  
pp. 1-7
Author(s):  
Risna Risna
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Money Supply ◽  
Government Spending ◽  
Positive Impact ◽  
Secondary Data ◽  
Quantitative Approach ◽  
State Spending ◽  
Factors Affecting ◽  
The Interest Rate

This study aims to determine the effect of government spending, the money supply, the interest rate of Bank Indonesia against inflation.This study uses secondary data. Secondary data were obtained directly from the Central Bureau of Statistics and Bank Indonesia. It can be said that there are factors affecting inflationas government spending, money supply, and interest rates BI. The reseach uses a quantitative approach to methods of e-views in the data. The results of analysis of three variables show that state spending significantand positive impact on inflationin Indonesia, the money supply significantand negative to inflationin Indonesia, BI rate a significantand positive impact on inflation in Indonesia

Reconsidering Returns

2021 ◽  
Author(s):  
Samuel M Hartzmark ◽  
David H Solomon
Keyword(s):  
Mutual Funds ◽  
Price Index ◽  
Market Performance ◽  
Performance Expectations ◽  
Asset Value ◽  
Net Asset Value ◽  
Perception Of Performance ◽  
Predictable Returns

Abstract Investors’ perception of performance is biased because the relevant measure, returns, is rarely displayed. Major indices ignore dividends, thereby underreporting market performance. Newspapers are more pessimistic on ex-dividend days, consistent with mistaking the index for returns. Market betas should track returns, but track prices more than dividends, creating predictable returns. Mutual funds receive inflows for “beating the S&P 500” price index based on net asset value (also not a return). Investors extrapolate market indices, not returns, when forming annual performance expectations. Displaying returns by default would ameliorate these issues, which arise despite high attention and agreement on the appropriate measure.

scholarly journals PENGUKURAN KINERJA REKSA DANA PADA REKSA DANA SYARIAH DAN REKSA DANA KONVENSIONAL DI INDONESIA PERIODE 2008 – 2018

2020 ◽  
Vol 6 (9) ◽  
pp. 1851
Author(s):  
Zulfiyah Azmi ◽  
Bayu Arie Fianto
Keyword(s):  
Panel Data ◽  
Mutual Funds ◽  
Stock Price ◽  
Price Index ◽  
Sharpe Ratio ◽  
Ratio Method ◽  
Significant Difference ◽  
Asset Value ◽  
Net Asset Value ◽  
The Difference

This research measured and compared the performance between Islamic mutual funds and conventional mutual funds using Sharpe Ratio, Treynor Index, Jensen Alpha, Modigliani Measure, Appraisal Ratio, and Adjusted Sharpe Ratio. This research used quantitative approach with panel data that was measured by using different test and it aimed to find out the comparation of the samples. This research used Net Asset Value (NAV), Joint Stock Price Index, BI Rate to find out return and risk that will be implemented on the measured methods. The results of the research based on T-test are that there is no significant difference of performance between Islamic mutual funds and conventional mutual funds, except the Appraisal Ratio method that shows the difference on Islamic mutual funds that has a better performance.Keywords: Sharpe Ratio, Treynor Index, Jensen Alpha, Modigliani Measure, Appraisal Ratio, Adjusted Sharpe Ratio

scholarly journals Analisis Pengaruh Variabel Makro Ekonomi terhadap Nilai Aktiva Bersih Reksadana Saham Syariah Periode 2015-2019

2021 ◽  
Vol 1 (2) ◽  
pp. 332-348
Author(s):  
Hani Nurrahmawati ◽  
Hasbi Assidiki Mauluddi ◽  
Endang Hatma Juniwati
Keyword(s):  
Exchange Rate ◽  
Mutual Funds ◽  
Stock Price ◽  
Price Index ◽  
Coefficient Of Determination ◽  
Series Data ◽  
Asset Value ◽  
Net Asset Value ◽  
Net Assets ◽  
Stock Price Index

The title of this research is Analysis Influence of Macroeconomic to Net Asset Value of Islamic Mutual Fund Equity period 2015-2019. The purpose of this study is to determine the effect of partially and simultaneously variables of BI Rate, Inflation, Composite Stock Price Index and Exchange Rate on Net Asset Value of Sharia Mutual Funds in Indonesia in the period January 2015 - December 2019. The dependent variable is Net Asset Value of Sharia Mutual Funds, while the independent variables are BI Rate, Inflation, Composite Stock Price Index and Exchange Rate.Types of data used in this study are secondary data sourced from OJK, IHSG-IDX and BI published between 2015-2019. All of the data will be processed panel data which is a combination of time series data and cross section data. The results of this research showed that in the partial just variables of the BI Rate, Inflation, Composite Stock Price Index and Exchange Rate influenced to Net Assets Value of Islamic Mutual Funds in Indonesia, and simultaneous from variables of the BI Rate, Inflation, Composite Stock Price Index and Exchange Rate influenced to Net Assets Value of Islamic Mutual Funds in Indonesia and the value of Adjusted R-square coefficient of determination is 0.311175 means in togetherness variables of the BI Rate, Inflation, Composite Stock Price Index and Exchange Rate have a contribution influenced NAV of Islamic Mutual Funds in the amount of 31%, while the rest is 69% influenced by other variables that are not included into this research.

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