Analisis Kinerja Reksadana Syariah

Waridah, Winda; Mediawati, Elis

doi:10.17509/jrak.v4i2.4043

Cited by 8 publications

(11 citation statements)

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“…Researches on the performance analysis of Sharia mutual funds have also been conducted by several previous researchers, such as a research by Waridah and Mediawati (2016) which examined specifically on the Sharia equity mutual fund instruments using Sharpe Ratio performance measurement method during the 2010-2014 period. It was concluded that Cipta Syariah Equity mutual fund was the best performing Sharia mutual fund with Sharpe ratio of -0.349 and PNM Ekuitas Syariah became the lowestperforming Sharia mutual fund during that period with a Sharpe ratio of -1.232.…”

Section: Literature Reviewmentioning

confidence: 99%

“…This positive trend proves that investment, especially in capital markets, is increasingly becomes a necessity for society. However, Waridah and Mediawati (2016) said that there are obstacles for investors to be able to invest funds in the capital market, such as the knowledge, information or limited time. Thus, alternative investment instruments that can be used as a solution to these barriers are mutual funds (Pangestuti et al 2017).…”

Section: Introductionmentioning

confidence: 99%

“…Based on OJK (2017b), Sharia mutual fund investment instruments had a positive development over the period from 2012 to 2017 regarding both product quantity and Net Asset Value (NAV). According to Waridah and Mediawati (2016), Net Asset Value is the market value of the fair and the wealth of a mutual fund substracted by the obligation and then divided by the total investment units owned by all investors in the mutual fund so that it can be a benchmark on the results of a mutual fund. The increasing NAV is an indication of the increase in investment value per unit of participation.…”

Section: Introductionmentioning

confidence: 99%

“…The reason for choosing the period was to address the gap of several earlier studies, i.e. researches by Hilman (2017), Lestari (2015), Sunarsih and Andriyanto (2015), Waridah and Mediawati (2016). Therefore, this study used the period that could represent the study period used by the four previous researchers.…”

Section: Introductionmentioning

confidence: 99%

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Sharia mutual funds performance in Indonesia

Robiyanto

Santoso

Ernayani

2019

BTP

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The study aims to measure each Sharia mutual fund performance and compare with market performance in Indonesia. Sharia mutual fund investment instruments in Indonesia have positive developments over the period from 2012 to 2017. These positive developments add to the option of investment instruments for public, especially investors who put forward the principles of Sharia. This research was conducted so that the public could have scientific information about Sharia mutual funds that have the best performance. The study found consistent results regarding Sharia mutual funds with the best performance on Sharpe and Jensen measurement methods. The best performing Sharia mutual fund by using those methods was PNM Syariah, while the lowest-performing mutual fund was PNM Amanah Syariah if measured by using Sharpe Index and PNM Ekuitas Syariah if measured by using Jensen Alpha. Different results were found when Sharia mutual fund performance was measured using Treynor Ratio Information Ratio, where the best Sharia mutual fund performance was by Manulife Syariah Sectoral Amanah mutual fund while the lowest performance was by Cipta Syariah Equity mutual fund. This findings are expected to be useful for Sharia-based investors.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Sharia mutual funds performance in Indonesia

Robiyanto

Santoso

Ernayani

2019

BTP

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“…Sebaiknya para investor untuk dapat berpikir bijak mengenai pilihan instrumen pilihannya untuk tidak hanya memperhatikan aspek emosional semata tetapi dengan pertimbangan spiritual dan beberapa analisis kinerja yang tepat (Waridah & Mediawati, 2016). (2015)(2016)(2017).…”

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Analisis Perbandingan Kinerja Reksa Dana Syariah Dengan Kinerja Reksa Dana Konvensional

Sekarini¹,

Istutik

2020

j-adbis

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This study aims to determine the difference between the performance of Islamic mutual funds with the performance of conventional, mixed type and fixed income mutual funds with sharpe ratio, treynor ratio and jensen ratio measurement methods. This type of research is quantitative research, where the source of the data used is secondary data. The population in this study are equity, mixed and fixed income mutual funds found on the official website of PT Bareksa Investment Portal, the sample used is conventional and sharia mutual funds issued by the same and active investment managers during 2015-2017. The data used in the form of Net Asset Value (NAV) data for 2014-2017, Jakarta Islamic Index (JII) and Composite Stock Price Index (CSPI), data on interest rates for Bank Indonesia Certificates (SBI) for the 2015-2017 period. The analytical method used is the Independent Sample t-test, with the SPSS program. The results showed that there was no significant difference between the performance of Islamic mutual funds and the performance of conventional, mixed, and fixed income types of conventional mutual funds by using sharpe ratio, treynor ratio and jensen ratio measurements.

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COVID-19 and Its Impact on Islamic Equity Mutual Funds in Indonesia

Nofrianto

Yutegi²

2022

muqtasid

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The Islamic equity mutual funds, initially exhibiting a relatively high average interest, experienced a significant decline in Net Asset Value (NAV) in 2020 - 2021 due to the COVID- 19 pandemic. Therefore, this study analyzed the impact of the COVID-19 pandemic on the NAV of Islamic equity mutual funds and the influence of macro and micro factors, such as inflation, exchange rate, Jakarta Islamic Index (JII) trading volume, and age of mutual funds. Data were collected from a sample of 11 companies registered with the Financial Services Authority from 2014 to 2021, using the purposive sampling technique to achieve this objective. Subsequently, the data collected were analyzed using the Panel Data Regression Method, and the Wilcoxon Signed Ranked Test. The results showed that the pandemic delayed economic activity, decreasing returns on sharia investment instruments, such as the NAV of Islamic equity mutual funds. JII, trading volume, and fund age were negatively affected compared to mutual inflation and exchange rate. This study provides information that regulators can use in formulating appropriate policies to minimize the adverse effects of Covid-19 on Islamic equity mutual funds, specifically in macroeconomic policies. Likewise, investment managers can consider internal factors when positioning Islamic equity mutual funds in the NAV

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Analisis Kinerja Reksadana Syariah

Abstract: Abstract. This study aims to determine the performance of Islamic Mutual Funds in

Cited by 8 publications

References 0 publications

Sharia mutual funds performance in Indonesia

Sharia mutual funds performance in Indonesia

Analisis Perbandingan Kinerja Reksa Dana Syariah Dengan Kinerja Reksa Dana Konvensional

COVID-19 and Its Impact on Islamic Equity Mutual Funds in Indonesia

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