Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Jurnal Ekonomi

The Mutual fund investment performance: Indonesia Sharia stock index as characteristics moderating model Azis, Musdalifah; Darmalaksana, Dedy; Suryaningsi, Suryaningsi; Jaafar, Muhammad Sukar
Jurnal Ekonomi & Keuangan Islam Volume 10 No. 2, July 2024
Publisher : Faculty of Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/JEKI.vol10.iss2.art9

Abstract

Purpose – This study investigates how the Sharia stock price index influences the relationship between various factors, such as the expense ratio, portfolio turnover ratio, cash ratio, age, size, and characteristics of Sharia mutual funds, and their overall performance. Methodology – This study employed a quantitative descriptive research method to analyze 316 populations. Purposive sampling was used to obtain a total of 51 samples. We used research tools for data collection and SMART PLS 4 statistical software to analyze the collected data. Findings – The characteristics of ISSI-moderated mutual funds have a significant positive effect on the performance of Sharia mutual funds. To achieve better performance, investment managers must incur high costs in implementing active strategies. The more active the investment manager is in trading by looking at existing opportunities, the better the performance of the Sharia Mutual Funds. Implications – The implications of this research indicate that the movement of the Sharia stock price index can strengthen the positive causal relationship between several characteristics of Sharia mutual funds. The effects of Sharia mutual fund portfolio instruments, including shares, bonds, and deposits from the Sharia banking industry, also contribute to improving the performance of Sharia mutual funds in Indonesia.Originality – This study investigates the moderating role of the Sharia stock price index on several characteristics of Sharia mutual funds, including the expense ratio, portfolio turnover ratio, cash ratio, age of the mutual funds, and size of the mutual funds, in relation to their performance.
Co-Authors Addriana, Addriana Aditiyawan, Haris Rizky Afriliani, Rhiska Ahmad, Fakhrul Mubarak Ainani, Ainani Al Faiq, Muhammad Fadhil Aldo Aditya Ramadhan Alfian Rokhmansyah Alfina, Alfina Alias, Alima Tsusyaddya Aloysius Hardoko Andi Muhammad Andriawan, Muhammad Ferry Antonio, Christofher Dylan Anugrah Anugrah Aprily, Fanisa Ardiansyah, Hirwan Ardinawati, Ardinawati Ariyani, Alya Arsanda, Wiwid Asmal Asmara, Hidayah Nur Asmara Asnar Asnar Asnar Asnar, Asnar Astuti, Tina Sesarya Azizah, Imroatul Azyuyun, Azyuyun Bahzar , Moh. Bahzar, Moh. Bahzar, Mohammad Bhazar, Moh Carmela, Herlinda Ragil Feby Citra Ayu Deswina Maharani Darmalaksana, Dedy Darman, Siska Shafrianti Pratiwi Dernayun, Dernayun Dewi, Intan Fitria Dwi Vika Sari Edi Rahmad Eki, Lusia Elvira, Alma Endang Dwi Sulistyowati Erika H, Yulita Erika, Yulita Erwiantono Fadila, Nilda Fadillah, Ridha Khusnul Ghafur, Abd. Hafida, Khoirunisa Hamdawang, Hamdawang Handayani, Nur Fitri Hardoko , A. Hardoko , Aloysius Hardoko, A. Hatima, Siti Fahmatul Hautami Nadia Zahratul Afifah Henny Pagoray Herliah , Endang Herliah, Endang Herni Johan Ibrahim, Jihan Fhadillah Inarsia, Inarsia Indah Dwi Lestari Jaafar, Muhammad Sukar Jamil Jamil Jamil Jamil Jamil, M. Jawatir Pardosi Jody, Exca Sukas K., Iriyani Kalsela, Wanda Frisilia Khatimah, Kusnul Kurniawan, Rio Agung Lahdjie, Muhammad Zain Luthfi Latif, Angel Lusiana, Putri M Jamil, M M. Amir Masruhim Maharani, Nurani Majid , Novita Majid, Novita Marbun, Andreas Hari Susanto Marina Marina Marwiah Johansyah, Marwiah Marwiah Marwiah Marwiah, Marwiah Masaid, Femy Febriyanti Mauldya Nailya, Cut Muhammad Akmal Muhammad Rean Wahyudi Musdalifah Azis Mustangin Mustangin Ni Luh Suparni Asih Nila, Nila Nopianto, Eko Nulwelen, Maria Nur Fauzia Nur Yanti, Nur Oon Darmansyah Pajerih, Irwan Saputra Paran, Fransiskus Pardosi , Jawatir Pardosi, Jawatir Pardosi Pranaditya, Wahyu Dhira Pratama, Ali Gilang Pujianti, Titin Puspitasari, Ratiani Putri, Novita Amelia Putri, Rani Anggara RAHAYU, ANA Rahmi, Adelia Hidayatul Ramadani, Fivin Ramadhan, Widzar Alghifary Ramadhanita, Shavira Ramayanti, Livia Rosmini Rosmini Ruslan, Ridwan Da’I Malarangeng SAFITRI, SELVI Sainah, Saniah Saleh, Andi Muhammad Samdi, Abizar Kausar Saputri, Alma Elvira Saputri, Fadhila Dwi Saputri Saputri, Rizda Sandiva Sari, Dwi Vika Savitri, Pitaloka Alif Setiani, Intan Kumala Siti Rabbani Karimuna Solly Aryza Songli, Ariani Sri Muliani, Sri Sri YM, Feranda Surahman, Adi Syafira, Auliya Defi Tabina, Farrah Naila Tammu, Herlindar Taoha, Aurel Amelia Putri Taufik, Aliyyah Nisrina Umi Rahayu, Umi Utami, Faradhita Utsa, M. Nur Darussalam Venna Puspita Sari Wahyuni, Putri Sri Wardani, Indri Reva Warman , Warman Warman Warman Wibowo, Najwa Putri Pratama Widyaningsih, Tika Widyatmike Gede Mulawarman Wijaya, Nur Aida Fida Wingkolatin , Wingkolatin Wingkolatin, Wingkolatin Wirapuspita Wisnuwardani, Ratih Wulandari, Melda Nur Yulia Rahmawati, Yulia Yulianingrum, Aullia Vivi