Kinerja reksa dana syariah dan beberapa faktor yang memengaruhinya: studi di pasar modal Indonesia 2010-2013

Setia Mulyawan

Abstract


The purpose of this study was to determine the effect of the characteristics on the performance of
Islamic mutual funds in Indonesia. By analyzing data from 27 Islamic mutual funds traded on the
Indonesia Stock Exchange during the 48 months (January 2010-December 2013), and using panel data
as 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 the
performance of Islamic mutual funds in Indonesia. Turnover ratio, fund size, fund age, and fund
selection have positive effect to the performance of Islamic mutual fund.

Keywords


Characteristics; Performance; Islamic mutual funds; Financial markets

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DOI: http://dx.doi.org/10.18326/ijtihad.v16i2.217-236

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