Asset Allocation Policy Analysis, Share Selection, and Level of Mutual Fund Risk in Indonesia
DOI:
https://doi.org/10.22441/indikator.v6i1.14110Keywords:
Equity Mutual Fund Performance, Asset Allocation Policy, Stock Selection, Risk Level, Investment ManagementAbstract
This research aims to analyze the performance of equity mutual funds in Indonesia by observing their asset allocation policy, stock selection, and risk level. This research uses pooled data, the data choosing with purposive sampling. Data availability at: www.portalreksadana.com, www.bi.go.id,www.lps.go.id, and www.finance.yahoo.com. The sample consists of 63 items of equity mutual funds since January 2017 until December 2019. The hypothesis of this research are examined using the multiple regression. The result of this research shows that equity mutual funds performance is affected by asset allocation policy, stock selection, and risk level. It indicates that mutual funds performance is determined by those activities of investment managers and market return conditionsReferences
Arifiani, Beautiful. (2015). Analysis of the Effect of Management Compensation, Mutual Fund Size, and
Risk Level Against Mixed Mutual Fund Performance in Indonesia in 2017-2019. Unpublished Thesis of the Faculty of Economics, Sebelas Maret University, Surakarta.
A Risman, U Salim, S Sumiati, NK Indrawati (2017). Commodity prices, exchange rates and investment on firm’s value mediated by business risk: A case from Indonesian stock exchange. University of Piraeus. International Strategic Management Association
A Risman, ASS Parwoto (2021). The Mediating Role of Firm’s Performance on The Relationship between Free Cash Flow and Capital Structure. Psychology and Education Journal 58 (1), 1209-1216
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