JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi)
Vol. 10 No. 1 (2024): Februari 2024

Analysis Of The Effect Of Macroeconomic Variables On Returns Of Mutual Fund Shares Traded At State Owned Bank

Alfiana Alfiana (Universitas Muhammadiyah Bandung)
Petrus Loo (STIE Eka Prasetya)
Loso Judijanto (IPOSS Jakarta)
Jemmy Christian Rakinaung (Sekolah Tinggi Pertanian Kewirausahaan Banau)
Ngurah Pandji Mertha Agung Durya (UDINUS Semarang)



Article Info

Publish Date
01 Feb 2024

Abstract

The purpose of this study is to determine whether IHSG, inflation, exchange rates, and BI rates have a meaningful impact on stock mutual fund returns. Panel data is the secondary data used in this quantitative research design. The population under investigation consists of stock mutual funds that are published and registered with OJK. Purposive sampling was the method of sampling that was employed. Secondary data (found online) and library research were the methods of data collection used in this study. A panel data regression test is the research methodology employed in this study. The analysis that was conducted yielded the following conclusions, which can be drawn: The panel data regression test results indicate that returns on stock mutual funds are significantly impacted by the IHSG, inflation, exchange rate, and BI rate all at the same time. IHSG has a demonstrably positive impact on stock mutual fund returns, according to the findings of the partial panel data regression test. It has been established that returns on equity mutual funds are significantly impacted negatively by inflation. It has been demonstrated that returns on stock mutual funds are significantly positively impacted by exchange rates. It has been demonstrated that stock mutual fund returns are significantly impacted negatively by the BI rate.

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Journal Info

Abbrev

jemsi

Publisher

Subject

Economics, Econometrics & Finance

Description

JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) is an electronic independent international scientific and academic journal that aims to publish scholars’ original and high-quality manuscripts and reports in all fields of business. JEMSI adheres to an open access policy to accelerate the ...