Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan
Vol. 6 No. 1 (2023): Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan

The effect of expense ratio, fund size and fund age on performance of ETF mutual funds with interest rate as a moderating variable

Audita, Atika Yasyfa (Unknown)
Iskandar, Rusdiah (Unknown)
Azis, Musdalifah (Unknown)



Article Info

Publish Date
30 Aug 2023

Abstract

The focus of this study is to exploraton the impact of expense ratio, fund size, and fund age on ETF mutual fund performance with interest rates as a moderating. The population is ETF Mutual Funds registered with the Financial Services Authority (OJK) using a purposive sampling technique in taking a sample of 20 Mutual Funds with an observation period of 4 years. The review technique used in thisĀ  evidence is the moderated regression analysis (MRA) with the STATA 17 program to tabulate the data. These findings indicate that the expense ratio has a positive and insignificant effect on the sharpe ratio; fund size has a negative and significant effect on the sharpe ratio; fund age has a positive and significant effect on the sharpe ratio; then, the interest rate is not a moderating variable that influences the expense ratio positively and is not significant to the sharpe ratio; interest rate is not a moderating variable that affects fund size negatively and significantly to the sharpe ratio; while the interest rate is a moderating variable that influences fund age positively and significantly to the sharpe ratio.

Copyrights © 2023






Journal Info

Abbrev

fairvalue

Publisher

Subject

Economics, Econometrics & Finance

Description

The Aim of this Fair Value : jurnal Ilmiah Akuntansi dan Keuangan is the media for scientific studies resulting from research, thoughts and critical-analysis studies on accounting, financial, Cooperative and SMEs issues in Indonesia and southeast asia especially and also in the world. The intended ...