scholarly journals ANALISIS UMUR REKSADANA, EXPENSE RATIO DAN KINERJA REKSADANA SAHAM DI PERUSAHAAN MANDIRI INVESTASI PERIODE 2014-2019

2021 ◽  
Vol 6 (1) ◽  
pp. 1-12
Author(s):  
Muhammad Helmi ◽  
Jumali Jumali
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Fund Performance ◽  
Mutual Fund Performance ◽  
Expense Ratio ◽  
Equity Mutual Funds ◽  
Asset Value ◽  
Net Asset Value ◽  
Equity Funds ◽  
One Year

Mutual funds are investment facilities that are used to raise funds from the investor community for further investment in securities portfolios by investment managers, and subsequently invested in stocks, bonds, time deposits, money market, and so on. Mutual fund performance is influenced by the determining factors of whether a mutual fund performs well or poorly, the mutual fund performance factor, namely the first is the age / age of the mutual fund (Fund Age), the second is the comparison between operating costs in one year and the average net asset value in one year (Expense Ratio) and the third is Net Asset Value (NAV). The formulation of the problems in this research are (1) How is the development of the age of equity funds in Mandiri Investasi for the 2014-2019 period? (2) How is the development of the stock mutual fund expense ratio at the Mandiri Investasi period of 2014-2019? net assets (NAV) of equity mutual funds performance at Mandiri Investasi for the 2014-2019 period. This study aims to determine the development of mutual funds age, expense ratio and net asset value (NAV) of the performance of Mandiri Investa Attractive (MITRA) equity funds in Mandiri Investasi for the period 2014-2019. The objects examined in this study are variables in the form of mutual funds age, expense ratio, and mutual fund performance (NAV). Methods of data analysis in this study using descriptive analysis methods. The results of the research conducted were the age development of Mandiri Investa Attraktf (MITRA) equity funds at the Mandiri Investasi company, which experienced an increase in age in 2014-2019. Expense ratio development in 2014-2019 has decreased. And in the development of equity mutual funds performance, namely the net asset value (NAV) in 2014-2019 experienced fluctuations.

scholarly journals Determinant of Islamic Mutual Fund Performance: A Comparative Study Between Indonesia and Malaysia

2021 ◽  
Vol 9 (1) ◽  
pp. 83
Author(s):  
Mohammad Nur Rianto Al Arif ◽  
Aulia Saifullah
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Secondary Data ◽  
Fund Performance ◽  
Mutual Fund Performance ◽  
Past Performance ◽  
Equity Mutual Funds ◽  
Panel Data Regression ◽  
Significant Difference ◽  
Equity Funds

<p><em>This study aims to analyze determinant performance of Islamic equity funds and compare the performance of Indonesian Islamic equity funds with Malaysian Islamic equity funds period 2017-2019. Factors that are thought to affect the performance of mutual funds are past performance and inflation. Mutual fund performance itself is measured using the Sharpe Index. This study uses secondary data and the sample is taken using purposive sampling. Methods of data analysis using Panel Data Regression. This study indicates that simultaneously the variables Past Performance and Inflation affect the performance of Islamic equity mutual funds in Indonesia and Malaysia.</em></p><em>Furthermore, it partially shows that Past Performance harms the performance of Islamic equity funds, while inflation positively affects the performance of Islamic equity funds. In addition, this study also shows that there is a significant difference between the performance of Indonesian and Malaysian Islamic equity funds. Malaysian Islamic equity funds were superior to Indonesian Islamic equity funds in 2017-2019.</em>

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.

scholarly journals Exchange-traded funds as an alternative investment option

2019 ◽  
pp. 7-37
Author(s):  
António Afonso ◽  
Pedro Cardoso
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Exchange Traded Funds ◽  
Price Efficiency ◽  
Index Funds ◽  
Equity Mutual Funds ◽  
Asset Value ◽  
Net Asset Value ◽  
Tracking Ability ◽  
Investment Option

We conduct an analysis of Exchange-traded Funds (ETFs), Index and Equity mutual funds and their respective benchmark during the 2010-2015 period for the Portuguese fund industry. For the period 2010-2017, we test ETFs for price inefficiency (existence of deviations between prices and the Net Asset Value) and persistence. We find that the studied ETF does not always outperform index funds in replicating the variations of the PSI 20 index, despite exhibiting better tracking ability when facing downside deviations of the benchmark and a better capacity of smoothing tracking deviations. Regarding ETFs price efficiency and its persistence, the study reveals that the examined ETF is priced at a low average discount with evidence of deviations persistence of at least two days. The investment schemes with the highest ability to track the PSI 20 Index were PSI20 (ETF), BBVA PPA Índice PSI20, and the equity mutual fund BPI Portugal.

scholarly journals WILL THE WINNER STILL BE THE WINNER? A STUDY OF EQUITY MUTUAL FUND PERFORMANCE IN INDONESIA

2020 ◽  
Vol 21 (2) ◽  
pp. 566-577
Author(s):  
Budi Frensidy ◽  
Reynardo Nainggolan ◽  
Robiyanto Robiyanto
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Time Frame ◽  
Fund Performance ◽  
Equity Mutual Funds ◽  
Stable Performance ◽  
One Year ◽  
Long Term Performance ◽  
Term Performance

In this study, we explore the consistency of Indonesian Rupiah (IDR) – denominated equity mutual funds offered in Indonesia from 2007 to 2017 from various holding periods, namely one year, three years, and five years. Two questions are addressed. Will the winning mutual funds be the winner in the following period? Is the performance of a longer period more persistent than that of the shorter period? Using the nominal return from these eleven years, we find that the equity mutual funds in Indonesia earn no stable performance. The winner will not always be the winner in the following observed period. In addition, no evidence is found that long-term performance would result in a better persistence than that of the shorter time frame.

MUTUAL FUND PERFORMANCE IN DEVELOPING AND ADVANCED WORLD NETWORKS

2019 ◽  
Vol 64 (02) ◽  
pp. 399-421 ◽  
Author(s):  
KEYI ZHANG ◽  
RAMAZAN GENÇAY
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Complete Information ◽  
Fund Performance ◽  
Performance Persistence ◽  
Mutual Fund Performance ◽  
Market Information ◽  
Fund Manager ◽  
Equity Funds

We propose a new determinant of mutual fund performance persistence. We argue that different funds have different abilities to generate persistent performance and that such heterogeneity across funds can be explained by fund manager access to market information. To justify this hypothesis, we construct a network of mutual funds based on the commonality of their stock holdings and use network features to characterize how well a fund acquires and utilizes market information. Based on a sample of U.S. equity funds from 2001 to 2014, we find that a mutual fund with more complete information is more likely to possess momentum in performance.

A new network DEA model for mutual fund performance appraisal: An application to U.S. equity mutual funds

Omega ◽  
2018 ◽  
Vol 77 ◽  
pp. 168-179 ◽  
Author(s):  
Don U.A. Galagedera ◽  
Israfil Roshdi ◽  
Hirofumi Fukuyama ◽  
Joe Zhu
Keyword(s):  
Performance Appraisal ◽  
Mutual Funds ◽  
Mutual Fund ◽  
Fund Performance ◽  
Mutual Fund Performance ◽  
Network Dea ◽  
Dea Model ◽  
Equity Mutual Funds

scholarly journals Mutual Fund Performance and Flows during the COVID-19 Crisis

2020 ◽  
Vol 10 (4) ◽  
pp. 791-833 ◽  
Author(s):  
Ľuboš Pástor ◽  
M Blair Vorsatz
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Fund Performance ◽  
Comprehensive Analysis ◽  
Mutual Fund Performance ◽  
Luxury Good ◽  
Exclusion Criteria ◽  
Oxford University ◽  
Equity Mutual Funds ◽  
Published Paper

Abstract We present a comprehensive analysis of the performance and flows of U.S. actively managed equity mutual funds during the 2020 COVID-19 crisis. We find that most active funds underperform passive benchmarks during the crisis, contradicting a popular hypothesis. Funds with high sustainability ratings perform well, as do funds with high star ratings. Fund outflows surpass precrisis trends, but not dramatically. Investors favor funds that apply exclusion criteria and funds with high sustainability ratings, especially environmental ones. Our finding that investors remain focused on sustainability during this major crisis suggests they view sustainability as a necessity rather than a luxury good. Authors have furnished an Internet Appendix, which is available on the Oxford University Press Web site next to the link to the final published paper online.

scholarly journals Another Look at Portfolio Turnover and Mutual Fund Performance

2017 ◽  
Vol 9 (10) ◽  
pp. 95
Author(s):  
Confidence W. Amadi ◽  
Felicia Y. Amadi
Keyword(s):  
Regression Analysis ◽  
Mutual Funds ◽  
Mutual Fund ◽  
Fund Performance ◽  
Mutual Fund Performance ◽  
Portfolio Returns ◽  
Independent Variable ◽  
One Year ◽  
The One ◽  
Fund Portfolio

The objective of this study was to investigate the factors that correlated with mutual fund portfolio turnover using the variables that are associated with studies on portfolio turnover. Most studies on portfolio turnover considered it as an independent variable in explaining the performance of mutual funds. We take a different approach and treat turnover as the dependent variable. Our regression analysis show that the portfolio manager’s tenure explains the variability in portfolio turnover. We also find that the one-year portfolio returns and assets under management strongly correlates with portfolio turnover.

scholarly journals Performance Evaluation of Equity Funds: 2017-2019

2021 ◽  
Vol 3 (2) ◽  
pp. 43-54
Author(s):  
Rivandi Uchok Imanuel Sianipar ◽  
Bambang Mulyana ◽  
Sri Marti Pramudena
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Market Value ◽  
Fund Performance ◽  
Rate Of Return ◽  
Mutual Fund Performance ◽  
Equity Fund ◽  
Measurement Results ◽  
Equity Funds ◽  
Method Show

Mutual funds are said to perform very well if they can provide a higher rate of return and minimize risk. This study aims to find out if the performance of stock mutual funds has a better performance than the market as a comparison (JCI) using sharpe and jensen methods and to find out if there is a difference in the rating of stock mutual fund performance measurement results between sharpe method and Jensen method.The analysis results using Sharpe method and Jensen method show that 30 mutual funds have a good performance where the performance value of stock mutual funds from sharpe and jensen method is above the average market value (JCI). The result of Sharpe method in 2017 shows that the best performing stock mutual fund is Batavia Stock Fund Optimal Stock Fund. In 2018 and 2019, the best performance was the Sucorivest Maxi Fund, while the result of Jensen's method in 2017, the best performing stock mutual fund was the Sucorivest Maxi Fund. In 2018, it showed the best performance, namely Trim Kapital Equity Fund. The Bahana Trailblazer Fund occupied the highest performance value in 2019. However, each equity fund will experience a change in its rating every year. For the best mutual funds in this research year.

scholarly journals ANALISIS KINERJA REKSADANA SAHAM

2009 ◽  
Vol 6 (2) ◽  
Author(s):  
Hermeindito Kaaro
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Fund Performance ◽  
Mutual Fund Performance ◽  
Risk And Return ◽  
Risky Assets ◽  
Equity Mutual Funds ◽  
Risk Free Rate ◽  
Free Rate ◽  
Lack Of Knowledge

The issue of Indonesian mutual fund crisis in 2005 has not been resolved satisfactorily. Many investors may reluctant to invest in mutual fund market due to the lack of knowledge about the risk and return. Most mutual fund investors are quasi-investors who shift their assets class from less risky asset to risky assets. Hence, this study attempts to resolve the problem, especially in evaluating and analyzing mutual fund performance in Indonesia. The purposes of this study are a) to investigate whether mutual fund outperforms particular benchmarks (market return and risk free rate); b) to analyze both consistency and persistency of mutual fund performance. Sample of this study are 15 equity mutual funds, which provides data from January 2004 to December 2006. Jensen’s Alpha, Treynor and Sharpe indexes are used in this study to measure fund performance. Market adjusted models are used in measuring abnormal return. The t-test is used to test fund performance. This study employs coefficient concordance Kendall’s W to measure the consistency of fund performance. While, autoregressive distribution lag models are employed to analyze the persistency of fund performance. This study finds that fund performance outperforms the particular benchmarks significantly. This study also provides evidence, which supports the hypothesis that there are consistency and persistency of fund performances phenomena in Indonesia. The research results suggest investor’s redemption in mutual fund market in 2005 may not caused by worse fund performance or both inconsistence nor persistence in mutual fund performance, rather than it may caused by investor’s mental set and their lack of knowledge about risk and return.

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