Pengaruh Inflasi, BI-7 Day Reverse Repo Rate, Kurs, Jumlah Uang Beredar dan Indeks Harga Saham Gabungan terhadap Nilai Aktiva Bersih Reksa Dana Saham

Owner ◽  
2021 ◽  
Vol 5 (2) ◽  
pp. 358-367
Author(s):  
Jhon Lismart Benget. P.
Keyword(s):  
Exchange Rate ◽  
Mutual Funds ◽  
Money Supply ◽  
Mutual Fund ◽  
Stock Price ◽  
Price Index ◽  
Asset Value ◽  
Net Asset Value ◽  
Repo Rate ◽  
Stock Price Index

The purpose of this study is to examine the effect of inflation, BI-7 day reverses repo rate, exchange rate, the money supply, and composite stock price index on the net asset value of stock mutual funds. The population of this study is the stock mutual fund which was listed on the financial services authority in 2017-2020. The results of this study indicate that simultaneously inflation, BI-7 day reverse repo rate, exchange rate, the money supply, and composite stock price index affect the net asset value of the stock mutual fund. Partially, this study show BI-7 day reverse repo rate has a positive and significant effect on the net asset value of a stock mutual fund. The exchange rate has a positive and significant effect on the net asset value of stock mutual funds. The composite stock price index has a positive and significant effect on the net asset value of stock mutual funds. The money supply has a negative and significant effect on the net asset value of a stock mutual fund while inflation has no significant effect on the net asset value of a stock mutual fund.

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.

scholarly journals PENGARUH SERTIFIKAT BANK INDONESIA SYARIAH (SBIS), INDEKS HARGA SAHAM GABUNGAN (IHSG), DAN NILAI TUKAR RUPIAH TERHADAP NILAI AKTIVA BERSIH (NAB) DANAREKSA SYARIAH BERIMBANG

2015 ◽  
Vol 1 (2) ◽  
pp. 100
Author(s):  
Muhammad Rizki Aulia
Keyword(s):  
Exchange Rate ◽  
Mutual Fund ◽  
Stock Price ◽  
Price Index ◽  
Negative Influence ◽  
Asset Value ◽  
Net Asset Value ◽  
Value Net ◽  
Stock Price Index ◽  
Positive Effect

<p>The purpose of this study is to determine the factors that influence the growth of the Net Asset Value (NAV) of a mutual fund sharia, namely Sharia Bank Indonesia Certificates (SBIS), Composite Stock Price Index (CSPI) and Exchange Rate (USD). All of the factor are assumed have significant impact on the net asset value (NAV). Danareksa Syariah Berimbang of PT. Danareksa Management. The research method is done by multiple regression. The results showed there is negative influence significant between Sharia Bank Indonesia Certificates (SBIS) and exchange rate, there is positive effect between the stock price index (CSPI), and the Asset Value net (NAB) Danareksa Syariah Berimbang</p>

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 The relationship between macroeconomic factors and stock market volatility: empirical evidence from the Vietnam stock market

2013 ◽  
Vol 16 (3) ◽  
pp. 86-100
Author(s):  
Kieu Minh Nguyen ◽  
Diep Van Nguyen
Keyword(s):  
Exchange Rate ◽  
Stock Market ◽  
Money Supply ◽  
Stock Price ◽  
Price Index ◽  
Macroeconomic Factors ◽  
Stock Price Index ◽  
The Exchange Rate ◽  
The Relationship

The main target of this study is to measure the relationship of macroeconomic factors to the volatility of the stock market in Vietnam (through stock price VN-index). There are four factors including the consumer price index (measure of inflation), the exchange rate of USD/VND and money supply M2. Research shows that the stock price VN-Index has a positive relationship with the money supply M2 and the domestic gold price in long term. On the contrary, it has a negative relationship with the inflation while it does not have any connection to the exchange rate and stock price index. In short term, the current stock price index has proportional to the stock price index last month and inversely proportional to the exchange rate. The estimated speed of adjustment indicates that the Vietnam stock market converges to the equilibrium about 8 months (adjusted approximately 13.04% per month) to reach equilibrium in the long term.

scholarly journals Determinan Makro Ekonomi Yang Mempengaruhi Nilai Aktiva Bersih Reksadana Syariah

2021 ◽  
Vol 4 (2) ◽  
pp. 146
Author(s):  
Khoirunnisa Azzahra ◽  
Baiq Fitri Arianti
Keyword(s):  
Exchange Rate ◽  
Mutual Funds ◽  
Mutual Fund ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Total Sample ◽  
Macroeconomic Factors ◽  
Asset Value ◽  
Net Asset Value ◽  
Net Assets

The purpose of this study was to determine and analyze macroeconomic factors such as inflation, exchange rates and Indonesian Sharia bank certificates on Net Asset Value. Sources of data obtained from OJK and BI with 5 years of observation, The sampling technique used in this study is non-probability sampling, that is by using saturated sampling with a total sample of 60 data. The method used in this research is descriptive statistical analysis, classical assumption test, multiple linear regression analysis and hypothesis testing. By using the Statistical Package for the Social Science (SPSS) version 22.0 For Windows. The results of this study indicate that inflation has no effect on the value of net assets, while the exchange rate and SBIS partially affect the value of net assets. Simultaneously inflation, exchange rate and SBIS affect the net asset value. Net asset value (NAV) is important in mutual funds, because net asset value is one of the benchmarks in unifying mutual fund performance, the net asset value of equity/unit development mutual funds has increased, and vice versa decreased the value of initial mutual fund net assets/unit participation has decreased.

scholarly journals Estimasi permintaan indeks harga saham gabungan di Indonesia

2020 ◽  
Vol 8 (2) ◽  
pp. 65-76
Author(s):  
Ade Nugraha Paer ◽  
Syamsurijal Tan ◽  
Emilia Emilia
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Money Supply ◽  
Stock Price ◽  
Price Index ◽  
Linear Regression Analysis ◽  
Least Square ◽  
Stock Price Index ◽  
The Exchange Rate ◽  
Index Exchange

The purpose of this study is (a) to see the development of the composite stock price index, exchange rate, inflation, interest rates, and the money supply in Indonesia. (b) analyze the effect of the exchange rate, inflation, interest rate, and money supply on the composite stock price index in Indonesia. The method used in this study is a quantitative descriptive method with multiple linear regression analysis tools using the Ordinary Least Square (OLS) method. The data used is in the form of a time series. The results of this study average the development of the composite stock price index by 0.22 percent, the exchange rate by 2.57 percent, inflation by -0.90 percent, interest rates by -2.73 percent, and the Money Supply by 0.06 percent. Based on the results of the analysis conducted, exchange rates and interest rates have a negative and significant effect on the composite stock price index, inflation and the money supply have a positive and significant effect on the composite stock price index. Keywords: Composite stock price index, Exchange rate, Inflation, Interest rates, Money supply.

scholarly journals ANALISIS PENGARUH VARIABEL MAKROEKONOMI TERHADAP INDEKS HARGA SAHAM PROPERTI DAN KEUANGAN DI INDONESIA

Media Ekonomi ◽  
2019 ◽  
Vol 25 (2) ◽  
pp. 133
Author(s):  
Bagas Satrio Wibisono ◽  
Dian Octaviani R
Keyword(s):  
Exchange Rate ◽  
Money Supply ◽  
Stock Price ◽  
Quantitative Research ◽  
Price Index ◽  
Correction Model ◽  
Macroeconomic Variables ◽  
Short And Long Term ◽  
Stock Price Index

<p><em><em><em>This research discusses the influence of macroeconomic variables on Property Stock Price Index (IHSProp) and Finance Stock Price Index (IHSKeu)</em>. <em>Quantitative research analising an impact of independent variables such as BI rate, Inflation, Money Supply (M2), Exchange Rate (Rp/USD) on dependent variables which are IHSProp and IHSKeu. The data used is monthly data start from 2008: 1 until 2015: 12. The method used in this thesis is Error Correction Model (ECM).</em> <em>The results showed that four macroeconomic variables globally have significant impact on IHSProp and IHSKeu in either short~ and long term. In the short term BI rate significantly influences IHSKeu while exchange rate significantly influences IHSProp and IHSKeu. In the long term, Commodity inflation significantly influences IHSProp. Money Supply significantly influences on IHSProp and IHSKeu. Exchange rate significantly influences on IHSProp and IHSKeu.</em></em> </em><em></em></p><p><em><br /></em><em></em></p>

scholarly journals PENGARUH JUMLAH UANG BEREDAR, KURS US DOLLAR DAN INDEKS HARGA KONSUMEN TERHADAP INDEKS HARGA SAHAM SEKTOR PERDAGANGAN DI BURSA EFEK INDONESIA

Media Ekonomi ◽  
2019 ◽  
Vol 25 (2) ◽  
pp. 93
Author(s):  
Nurlia Rahmatika
Keyword(s):  
Exchange Rate ◽  
Money Supply ◽  
Stock Price ◽  
Price Index ◽  
Time Series Data ◽  
Consumer Price Index ◽  
Sampling Technique ◽  
Series Data ◽  
Independent Variable ◽  
Stock Price Index

<em>This study aims to determine the analysis of the influence of the Money Supply (M2), the USD Exchange Rate and the Consumer Price Index.</em> <em>The research methodology used is a quantitative method with time series data and data sources derived from secondary data obtained from the Indonesia Stock Exchange. The sampling technique uses purposive sampling method with monthly data and research period from January 2009 to December 2016. The data analysis technique used is multiple linear regressions.</em> <em>The results of this study indicate that partially the independent variable Amount of Money has a positive and significant effect on the Trading Sector Stock Price Index. While the independent variable USD Exchange Rate and Consumer Price Index has a negative and significant effect on the Trading Sector Stock Price Index. Meanwhile, simultaneously the independent variable consisting of Money Supply, the USD Exchange Rate and the Consumer Price Index together have a significant relationship to the dependent variable, namely the Trade Sector Stock Price Index. </em>

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

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