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Journal : Al-Masraf: Jurnal Lembaga Keuangan dan Perbankan

KINERJA MANAJER INVESTASI REKSADANA SAHAM SYARIAH DI INDONESIA ANITA ANITA
Al-Masraf: Jurnal Lembaga Keuangan dan Perbankan Vol 4, No 1 (2019): Januari - Juni 2019
Publisher : Prodi Manaj. Perbankan Syariah Fakultas Ekonomi dan Bisnis Islam – UIN Imam Bonjol Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15548/al-masraf.v4i1.204

Abstract

The purpose of this study is to test the ability of investment managers in Islamic mutual funds in their abilityto conduct stock selection and market timing. The model developed in this study uses the Henriksson-Mertonmodel. With purposive sampling technique obtained a sample of 31 mutual funds. After testing the resultsobtained, the performance of Islamic stock mutual funds in Indonesia underperformed compared to the ISSI market performance. The stock selection results contribute negatively to a = 5%, while the ability of market timing has a significant positive effect on mutual fund returns.