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Journal : PIAF : Paser Institute Journal Of Accounting And Finance

DETERMINAN KINERJA REKSA DANA SYARIAH DI INDONESIA YANG TERDAFTAR PADA OTORITAS JASA KEUANGAN Sofyaun, Ashari; Juniar, Asrid; Rahmawati, Rini
Paser Institute Of Accounting and Finance Vol. 1 No. 2 (2023): Desember, 2023
Publisher : Paser Institute Of Accounting and Finance

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Abstract

This research was conducted to analyze the influence of asset allocation policies, investment manager performance, and risk levels on the performance of Sharia mutual funds. Asset allocation policy, investment manager performance, and risk level are used as independent variables, with Sharia mutual fund performance as the dependent variable, which is measured using the Sharpe index. The population in this research is Sharia mutual funds registered with the OJK for the 2018-2020 period. The sample was selected using purposive sampling, and 23 were based on specific criteria. The analysis technique in this research uses multiple linear regression analysis via the SPSS program. The research results show that asset allocation policy has no significant effect on the performance of Sharia mutual funds, the performance of investment managers has a significant positive impact on the performance of Sharia mutual funds, and the level of risk has a significant positive effect on the performance of sharia mutual funds.