PENGARUH KEBIJAKAN ALOKASI ASET, KEMAMPUAN PEMILIHAN SEKURITAS, KEMAMPUAN MARKET TIMING, DAN TINGKAT RISIKO TERHADAP KINERJA REKSA DANA CAMPURAN DI INDONESIA

Putra, Harianto (2013) PENGARUH KEBIJAKAN ALOKASI ASET, KEMAMPUAN PEMILIHAN SEKURITAS, KEMAMPUAN MARKET TIMING, DAN TINGKAT RISIKO TERHADAP KINERJA REKSA DANA CAMPURAN DI INDONESIA. Skripsi thesis, Universitas Tarumanagara.

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Abstract

To invest in the stock market, people are often constrained with the big amount of the investment, the level of risk, the limited time and knowledge of capital market. There is an investment instrument that can be a solution to these problems, is called mutual fund. Mutual fund is an investment alternative that is used to collect funds from public investor to be invested in a portfolio of securities by the investment manager. This research aims to analyze the performance of mixed mutual funds in Indonesia that be affected by asset allocation policy, the ability of investment managers in securities selection, and market timing, and also the level of risk. The research uses pooling data method. The data used in the form of an active mixed mutual fund during the period January 2007-December 2011 annual total of 29 mutual funds with a total of 145 data items. The method used to calculate the performance of mixed mutual fund is Jensen Alpha Ratio. The methods used in this study were multiple regression. T test and F test are used to hypothesis test. These results indicate that the asset allocation policy has positive and significant effect on the performance of mixed mutual fund. The ability of securities selection has positive and significant effect on the performance of and mutual fund. The ability of market timing has positive and significant effect on the performance of mixed mutual fund. And risk level has positive and significant effect on the performance of mixed mutual fund.

Item Type: Thesis (Skripsi)
Subjects: Skripsi/Tugas Akhir
Skripsi/Tugas Akhir > Fakultas Ekonomi
Divisions: Fakultas Ekonomi > Manajemen
Depositing User: FE Perpus
Date Deposited: 20 May 2021 04:18
Last Modified: 20 May 2021 04:18
URI: http://repository.untar.ac.id/id/eprint/29090

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