Al-Masraf: Jurnal Lembaga Keuangan dan Perbankan
Vol 4, No 1 (2019): Januari - Juni 2019

KINERJA MANAJER INVESTASI REKSADANA SAHAM SYARIAH DI INDONESIA

ANITA ANITA (UIN Sultan Maulana Hasanuddin Banten)



Article Info

Publish Date
03 Jun 2019

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.

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Journal Info

Abbrev

almasraf

Publisher

Subject

Economics, Econometrics & Finance

Description

The journal is published twice a year in June and December. Contains scientific articles in the form of research, analysis study, theoretical study and review of studies in the field of banks and financial institutions. Publishing this journal aims to increase the quantity and quality to spread ...