Kinerja Investasi Exchange Trade Fund di Indonesia
on
Authors:
Gayatri Gayatri, Ni Luh Sari Widhiyani
Abstract:
“The aim of this research is to obtain empirical evidence about the effect of stock selection skills, market timing ability, fund size and fund age on the performance of exchange trade funds. The population in this study are all exchange trade fund investment products listed on the Indonesia Stock Exchange from 2017 to 2019. The sampling technique uses purposive sampling. To test the hypothesis, multiple linear regression analysis was used. This study proves that stock selection skills have a positive effect on the performance of exchange trade funds in Indonesia. Meanwhile, market timing ability, fund size and fund age do not have a positive effect on the performance of exchange trade funds in Indonesia. The reason is that only one investment manager PT. Indo Premier Investment Management which is always active in trading exchange trade funds in Indonesia. This research has implications for the more active investment managers in offering exchange trade fund products to attract investors because they are able to survive in times of crisis. Keywords: Exchange Trade Funds; Investation.”
Keywords
Exchange Trade Funds; Investation.
Downloads:
Download data is not yet available.
References
- Alexandri, M. B. (2015). Analysis of Mutual Fund’s Performance and Persistence in Indonesia. International Journal of Science and Research, 4(1), 1404–1408. https://www.ijsr.net/archive/v4i1/SUB15364.pdf
- Asriwahyuni, I. G. A. P. (2017). Pengaruh Ukuran dan Umur Perusahaan pada Kinerja Reksadana Saham di Indonesia. E-Jurnal Akuntansi, 21(2), 1460–1487. https://doi.org/EJA.2017.v21.i02.p22
- Bappenas. (2011). Krisis Keuangan Eropa: Dampak terhadap Perekonomian Indonesia. Tinjauan Ekonomi Triwulan IV. https://www.bappenas.go.id/id
- Bitomo, H., & Muharam, H. (2019). Analisis Faktor-Faktor Yan Mempengaruhi Kinerja Reksa Dana Di Indonesia (Studi Empiris Pada Reksa Dana Konvensional di Indonesia Periode 2012-2014). Diponegoro Journal of Management, 5(2), 133–146. https://ejournal3.undip.ac.id/index.php/djom/article/view/13849
- Black, F., Jensen, M. C., & Scholes, M. (1972). The Capital Asset Pricing Model: Some Empirical Tests. Studies in the Theory of Capital Markets, edited by M. C. Jensen. New York: Praeger.
- Bursa Efek Indonesia. (2020). Exchange Traded Fund (ETF). https://www.idx.co.id/produk/exchange-traded-fund-etf/
- Cogneau, P., & Hübner, G. (2011). The 101 Ways to Measure Portfolio Performance. SSRN Electronic Journal, 1–40. https://doi.org/10.2139/ssrn.1326076
- Gujarati, D. N. (2013). Ekonometrika Dasar Buku 2. New York : The McGraw-Hill Companies, Inc.
- Hartono, J. (2017). Teori Portopolio dan Analisis Investasi. Edisi 10. BPFE, Yogyakarta.
- Kireina, I. T., & Sampurno, R. D. (2016). Analisis Pengaruh Stock Selection Skill Dan Market Timing Ability Dengan Metode Treynor-Mazuy Dan Henriksson-Merton Terhadap Kinerja Reksa Dana Saham (Studi Pada Reksa Dana Saham Tahun 2010-2014). Diponegoro Journal of Management, 5(2), 28–37. https://ejournal3.undip.ac.id/index.php/djom/article/view/13840
- Markowitz, H. M. (2010). Portfolio Theory: As I Still See It. Annual Review of Financial Economics, 2, 1–23. https://doi.org/10.1146/annurev-financial-011110-134602
- Mulyawan, S. (2016). Kinerja Reksa Dana Saham Syariah Dan Beberapa Faktor Yang Memengaruhinya: Studi Di Pasar Modal Indonesia 2010-2013. Jurnal Wacana Hukum Islam Dan Kemanusiaan, 16(2). https://doi.org/10.18326/ijtihad.v16i2.217-236
- Panjaitan, M. V. (2012). Analisis Kemampuan Stock Selection Dan Market Timing Manajer Investasi Pada Reksadana Saham Di Indonesia. Jurnal Ilmiah Mahasiswa Manajemen, 1(2). https://doi.org/10.33508/jumma.v1i2.188
- Pratiwi, A. E. W., & Syaichu, M. (2011). Pengaruh Expense Ratio, Turnover Ratio, Ukuran Reksadana, Dan Cash Flow Terhadap Kinerja Reksadana (Periode Tahun 2005-2007). http://eprints.undip.ac.id/26699/
- Putri, C. H. M., & Haryanto, A. M. (2014). Analisis Pengaruh Market Timing Ability , Stock Selection Skill , Expense Ratio Dan Tingkat Risiko Terhadap Kinerja Reksa Dana Saham (Studi Pada Reksa Dana Saham Jenis KIK Periode 2009-2013). Diponegoro Journal of Management, 3(4), 1–10. https://ejournal3.undip.ac.id/index.php/djom/article/view/12917
- Sharpe, W. F. (1994). The Sharpe Ratio. The Journal of Portfolio Management, 21(1), 49–58. https://doi.org/10.3905/jpm.1994.409501
- Sukmaningrum, G., & Mahfud, M. K. (2016). Analisis Pengaruh Fund Cash Flow, Fund Size, Fund Longevity, Expense Ratio Dan Turnover Ratio Terhadap Kinerja Reksa Dana (Studi Kasus : Reksa Dana Pendapatan Tetap Periode Tahun 2011-2015). Diponegoro Journal of Management, 5(3), 829–839. https://ejournal3.undip.ac.id/index.php/djom/article/view/14672
- Syahid, N., & Arfianto, E. D. (2015). Pengaruh Stock Selection Skill, Market Timing Ability, Fund Longitivity, Fund Cash Flow dan Fund Size terhadap Reksadana (Studi Kasus: Reksadana Saham Periode 2010-2014). Diponegoro Journal of Management, 4(4), 1–11. https://ejournal3.undip.ac.id/index.php/djom/article/view/13402
- Tandelilin, E. (2010). Pasar Modal: Manajemen Portopolio dan Investasi. PT. Kanisius, Yogyakarta.
PDF:
https://jurnal.harianregional.com/akuntansi/full-74123
Published
2021-07-25
How To Cite
GAYATRI, Gayatri; SARI WIDHIYANI, Ni Luh. Kinerja Investasi Exchange Trade Fund di Indonesia.E-Jurnal Akuntansi, [S.l.], v. 31, n. 7, p. 1632-1643, july 2021. ISSN 2302-8556. Available at: https://jurnal.harianregional.com/akuntansi/id-74123. Date accessed: 08 Jul. 2024. doi:https://doi.org/10.24843/EJA.2021.v31.i07.p02.
Citation Format
ABNT, APA, BibTeX, CBE, EndNote - EndNote format (Macintosh & Windows), MLA, ProCite - RIS format (Macintosh & Windows), RefWorks, Reference Manager - RIS format (Windows only), Turabian
Issue
Vol 31 No 7 (2021)
Section
Articles
Copyright
This work is licensed under a Creative Commons Attribution 4.0 International License
Discussion and feedback