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Journal articles on the topic 'Stock funds'

Author: Grafiati

Published: 4 June 2021

Last updated: 24 January 2023

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1

Avramov, Doron, Si Cheng, and Allaudeen Hameed. "Mutual Funds and Mispriced Stocks." Management Science 66, no. 6 (2020): 2372–95. http://dx.doi.org/10.1287/mnsc.2019.3319.

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We propose a new measure of fund investment skill, active fund overpricing (AFO), encapsulating the fund’s active share of investments, the direction of fund active bets with regard to mispriced stocks, and the dispersion of mispriced stocks in the fund’s investment opportunity set. We find that fund activeness is not sufficient for outperformance: high (low) AFO funds taking active bets on the wrong (right) side of stock mispricing achieve inferior (superior) fund performance. However, high AFO funds receive higher flows during periods of high investor sentiment, when the performance–flow rel

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2

Rachmawati, Rina, Sugeng Wahyudi, Irene Rini Demi Pangestuti, and Najmudin . "Funds Manager and Mutual Funds Characteristics on Mutual Funds Performance: Empirical Evidence of Equity Mutual Funds in Indonesia." International Journal of Financial Research 11, no. 2 (2020): 77. http://dx.doi.org/10.5430/ijfr.v11n2p77.

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This study examines the effect of investment fund managers' characteristics in the form of tenure, and mutual fund characteristics with proxy turnover portfolios, market timing and stock selectivity on the performance of stock mutual funds. The research sample is 27 stock mutual funds in Indonesia that were active from 2013 to 2017. On the analysis of the relationships between the characteristics of investment managers and mutual funds characteristics on the performance of stock mutual funds, a series of OLS regressions were run. The panel data regression was included based on using the Eviews

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3

Jiang, Xuanyu, Nianhang Xu, Qingbo Yuan, and Kam C. Chan. "Mutual-Fund-Affiliated Analysts and Stock Price Synchronicity: Evidence From China." Journal of Accounting, Auditing & Finance 33, no. 3 (2016): 435–60. http://dx.doi.org/10.1177/0148558x16658372.

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We contend that mutual-fund-affiliated analysts have conflicts of interest in their role of information production. Similar to the investment-bank-affiliated analysts (Malmendier & Shanthikumar, 2014), mutual-fund-affiliated analysts are very likely to speak in two tongues, issuing optimism-biased recommendations to please their mutual fund clients due to the clients’ holdings of the stocks but less optimistic forecasts for their covered firms to provide firm-specific information for mutual funds. The net effect of these mutual-fund-affiliated analysts’ conflicting actions is not clear. We

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Andreas, Andreas, and Sautma Ronni Basana. "ANALYSIS OF THE PERFORMANCE OF INDONESIAN MUTUAL STOCK FUNDS USING SHARPE, TREYNOR, JENSEN AND M2 METHOD PERIOD 2010 – 2019." International Journal of Financial and Investment Studies (IJFIS) 2, no. 1 (2021): 1–9. http://dx.doi.org/10.9744/ijfis.2.1.1-9.

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This study examines the performance of equity mutual funds using Sharpe, Treynor, Jensen, and M2. The sample used in this study is 57 stock mutual funds in 2015 – 2019 and 29 stock mutual funds in 2010 – 2019. The performance of stock mutual funds will be compared with LQ – 45 and IHSG to find out whether they underperform or outperform on market performance. The results showed that when seen in years 2015 - 2019 with the benchmark LQ - 45, 11 equity funds outperformed by using Sharpe, Treynor, and M2, and 12 mutual funds stocks outperformed by using a Jensen. Using the Composite Index as the

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Abdul Hamid, Ahmad Karim, and Iwan Fahri Cahyadi. "Analisis Kinerja Reksadana Saham Syariah Di Pasar Modal Indonesia Menggunakan Metode Sharpe, Treynor, Dan Jensen Periode 2017-2018." MALIA: Journal of Islamic Banking and Finance 3, no. 2 (2020): 95. http://dx.doi.org/10.21043/malia.v3i2.8408.

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<p><em>This research aims to find out the performance of sharia stock mutual funds in the Indonesian Capital Market based on sharpe, treynor and jensen methods and to find out the comparison of the performance of sharia stock mutual funds with benchmark performance in the research period of 2017-2018. This type of research is evaluative research with a quantitative approach. The population in this study includes all sharia mutual funds registered and still active in the Financial Services Authority (OJK) until December 2018. Sampling techniques used purposive sampling techniques an

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Tariq, Muhammad. "INVESTIGATING THE NEXUS BETWEEN MUTUAL FUND RETURN AND STOCK MARKET PERFORMANCE – EVIDENCE FROM PAKISTAN STOCK EXCHANGE." IBT Journal of Business Studies 14, no. 1 (2018): 23–38. http://dx.doi.org/10.46745/ilma.jbs.2018.14.01.03.

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This study is aimed to determine the nexus between mutual fund returns and stock market returns in Pakistan. This study adds contribution by testing the causa-effect relation of mutual fund returns and macroeconomic factors on the stock returns in Pakistan. This study is based on Panel data for 10 AMCs operating in Pakistan and macroeconomic factors for the period of 2007 to 2016. The hypothesis testing is based on panel data analysis, therefore the panel regression is applied via PLS, FEM and REM comparison. The study concludes that the there is significant effect of Equity Funds Returns on S

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Totgi, Suchita B. "Significant Insights, Value Orientation and Differences Between the Mutual Fund Investment Flow and Indian Stock Market Returns – A Theoretical Assimilation." International Journal of Research Publication and Reviews 03, no. 12 (2022): 2352–56. http://dx.doi.org/10.55248/gengpi.2022.31274.

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Researchers and academicians from all over the world have become interested in the study of the causal relationship between mutual fund investment flow and stock market returns in recent years. But there is currently a contradictory body of empirical data on this matter. Additionally, there are a few studies that take the case of India into account. In order to better understand the dynamics of the relationship between mutual fund investment flow and stock market returns in India from January 2000 to May 2010, the following article will do just that. The Granger causality tests are applied usi

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Fu, Jiajia. "Sophistication of Chinese Mutual Funds and the Mispricing of Accruals." Journal of International Accounting Research 18, no. 1 (2018): 97–120. http://dx.doi.org/10.2308/jiar-52257.

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ABSTRACT This study examines the role of mutual funds in the pricing of accruals in China's stock market to evaluate the sophistication of Chinese mutual funds. Using a sample of A-share stocks in China from 2003 to 2011, I find that the mispricing of accruals is concentrated in firms with large mutual fund holdings. This result differs from a number of U.S. studies documenting a positive relation between institutional holdings and stock price efficiency. In an effort to explain this result, I provide evidence that mutual funds in China fixate on earnings and fail to understand the one-year-ah

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Mufidah, Evi Nailul, Dhuwik Iffuk Agusvinatassari, and Kharis Fadlullah Hana. "Perbandingan Kinerja Reksadana Saham Syariah dan Konvensional (Pada 10 Reksadana di BEI Tahun 2017-2019)." JIFA (Journal of Islamic Finance and Accounting) 3, no. 2 (2020): 111–20. http://dx.doi.org/10.22515/jifa.v3i2.2507.

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This research was conducted with the aim to find out, describe, and to analyze how the comparative performance of Islamic stock mutual funds and conventional stock mutual funds, especially mutual funds registered in the same investment manager. The sample used in this study is 10 mutual funds that are members of 5 investment manager that are the same as each investment manager is one conventional stock mutual fund and one Islamic stock mutual funds listed on the IDX during the observation period in April 2017- December 2019. The results of data analysis show that the use of the sharpe method t

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Hartz Pinto, Dimas, Celso Funcia Lemme, and Ricardo Pereira Câmara Leal. "Socially responsible stock funds in Brazil." International Journal of Managerial Finance 10, no. 4 (2014): 432–41. http://dx.doi.org/10.1108/ijmf-10-2013-0107.

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Purpose – The purpose of this paper is to examine the risk-adjusted performance of Brazilian SRI stock funds. Design/methodology/approach – Risk-adjusted performance of 11 Brazilian socially responsible investment (SRI) funds relative to local index funds and matched pairs of funds. Findings – SRI funds performed as well as portfolios representing the broad market on a risk-adjusted basis, both before and during the global financial crisis. Independent investment houses are not interested in SRI funds. Large financial conglomerates may see these funds as part of their corporate social responsi

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Ndei, Caroline Michere, Stephen Muchina, and Kennedy Waweru. "Equity Unit Trust Funds Flow and Stock Market Returns." International Journal of Finance & Banking Studies (2147-4486) 8, no. 1 (2019): 21–36. http://dx.doi.org/10.20525/ijfbs.v8i1.263.

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This study sought to evaluate the relationship between equity unit trust fund flows measured as purchases and sales and the Nairobi Securities Exchange (NSE) stock market return. The study employed Vector Autoregressive model and tested for Granger causality using monthly data for the period starting January 2010 to December 2017. The granger causality results showed that equity fund sales contain information that can explain stock market return and stock market return contain information that can explain equity fund purchases thus unidirectional causality. Impulse response results showed that

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Sianipar, Rivandi Uchok Imanuel, Bambang Mulyana, and Sri Marti Pramudena. "Performance Evaluation of Equity Funds: 2017-2019." Journal of Business and Management Studies 3, no. 2 (2021): 43–54. http://dx.doi.org/10.32996/jbms.2021.3.2.5.

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Mutual funds are said to perform very well if they can provide a higher rate of return and minimize risk. This study aims to find out if the performance of stock mutual funds has a better performance than the market as a comparison (JCI) using sharpe and jensen methods and to find out if there is a difference in the rating of stock mutual fund performance measurement results between sharpe method and Jensen method.The analysis results using Sharpe method and Jensen method show that 30 mutual funds have a good performance where the performance value of stock mutual funds from sharpe and jensen

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Kharis, Kharis Fadlullah Hana. "Perbandingan Kinerja Reksadana Saham Syariah Vs Reksadana Saham Konvensional (Studi kasus: pada 10 Reksadana Yang Terdaftar Di BEI Tahun 2017-2019)." BALANCA : Jurnal Ekonomi dan Bisnis Islam 2, no. 02 (2021): 85–93. http://dx.doi.org/10.35905/balanca.v2i02.1395.

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This research was conducted with the aim to find out, describe, and to analyze how the comparative performance of Islamic stock mutual funds and conventional stock mutual funds, especially mutual funds registered in the same investment manager. The sample used in this study is 10 mutual funds that are members of 5 investment manager that are the same as each investment manager is one conventional stock mutual fund and one Islamic stock mutual funds listed on the IDX during the observation period in April 2017- December 2019. The results of data analysis show that the use of the sharpe method t

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Adelia, Meidiana Rizki, and Muhammad Nafik Hadi Ryandono. "DETERMINAN KINERJA REKSADANA SAHAM SYARIAH." Jurnal Ekonomi Syariah Teori dan Terapan 7, no. 5 (2020): 940. http://dx.doi.org/10.20473/vol7iss20205pp940-954.

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There are a lot of factors that determine the sharia equity mutual funds performance, included stock selection skill, market timing ability, and fund age. This study aims to understand the effect of stock selection skill, market timing ability, and fund age on the sharia equity mutual funds performance in Indonesia from 2012 to 2018. This research uses a quantitative approach using an explanatory research type. The sampling technique in this study was purposive sampling and 6 sharia equity mutual funds were selected as samples. This study uses multiple linear regression analysis. The result of

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Amaral, Rodrigo Coccarelli Marroco do, and Ricardo Pereira Câmara Leal. "Selection of stock funds using information that is not observable or measurable." Revista Contabilidade & Finanças 32, no. 85 (2021): 143–57. http://dx.doi.org/10.1590/1808-057x202010610.

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ABSTRACT The aim of this paper is to investigate whether the flows and the future returns of stock funds are related to investors’ unobservable information. This article extends the knowledge about investment decisions regarding stock funds and considers a representation of unobservable information that until now has not been contemplated by the Brazilian literature. Understanding decisions to invest in stocks has become more important since the fall in interest rates and migration toward equity investments. The use of unobservable information for making investment decisions is important when

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Buana Putra, Bintang Pratama, and Imron Mawardi. "Perbandingan Kinerja Reksadana Syariah Di Indonesia Menggunakan Metode SHARPE (Studi Kasus Reksadana Syariah Saham, Reksadana Syariah Pendapatan Tetap dan Reksadana Syariah Campuran periode 2012-2014)." Jurnal Ekonomi Syariah Teori dan Terapan 3, no. 9 (2017): 683. http://dx.doi.org/10.20473/vol3iss20169pp683-698.

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This research aims to find out the comparison between the performance of Islamic mutual funds of stock, Islamic mutual funds of fixed income and combined Islamic mutual funds. The method of this measuring calculates upon the risk factors and the return rate of those three kinds of Islamic mutual fund. This research uses 21 samples of Islamic mutual fund in Indonesia which consist of seven Islamic mutual funds of stock, seven Islamic mutual funds of fixed income and seven combined Islamic mutual funds. The approach used is a quantitative approach with the analysis technique of ANOVA. The result

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Mahmud, Mahreen, and Nawazish Mirza. "An Evaluation of Mutual Fund Performance in an Emerging Economy: The Case of Pakistan." LAHORE JOURNAL OF ECONOMICS 16, Special Edition (2011): 301–16. http://dx.doi.org/10.35536/lje.2011.v16.isp.a13.

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This article examines the performance of Pakistan’s mutual fund industry during 2006–10, a period characterized both by bullish and bearish markets. An analysis of fund types reveals that Islamic funds have shown strong growth in spite of their lackluster performance compared to conventional funds. Income funds appear to have suffered as a consequence of the underdeveloped bond market, and very high t-bill rates have resulted in negative excess returns during the period. For stock funds, market indices and size are significant factors that indicate a preference for large-cap stocks of managers

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18

P., Jhon Lismart Benget. "Pengaruh Inflasi, BI-7 Day Reverse Repo Rate, Kurs, Jumlah Uang Beredar dan Indeks Harga Saham Gabungan terhadap Nilai Aktiva Bersih Reksa Dana Saham." Owner 5, no. 2 (2021): 358–67. http://dx.doi.org/10.33395/owner.v5i2.457.

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The purpose of this study is to examine the effect of inflation, BI-7 day reverses repo rate, exchange rate, the money supply, and composite stock price index on the net asset value of stock mutual funds. The population of this study is the stock mutual fund which was listed on the financial services authority in 2017-2020. The results of this study indicate that simultaneously inflation, BI-7 day reverse repo rate, exchange rate, the money supply, and composite stock price index affect the net asset value of the stock mutual fund. Partially, this study show BI-7 day reverse repo rate has a po

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Ridwan, Muhamad Faisal Pasha, Muhamad Umar Mai, and Dadang Hermawan. "Analisis Komparatif: Dampak Variabel Ekonomi Makro pada Kinerja Antara Reksa Dana Saham Syariah dan Konvensional di Otoritas Jasa Keuangan." Journal of Applied Islamic Economics and Finance 2, no. 3 (2022): 545–58. http://dx.doi.org/10.35313/jaief.v2i3.3072.

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This study aims to compare the performance of Islamic stock mutual funds and conventional stock mutual funds with different operating systems so that can be recommended for investors in choosing the type of mutual fund. This study also aims to determine the effect of macroeconomic factors on the performance of these equity funds. The sample used in this study were 5 investment manager companies that issued Islamic stock mutual fund products and conventional stock mutual funds in the 2010-2019 period and were selected through purposive sampling technique. This type of research is quantitative r

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Wang, Tian, and Xintong Zhu. "Minimum Shareholding Proportion of Equity Funds and Stock Volatility Evidence from a Quasi-Natural Experiment." Security and Communication Networks 2022 (June 16, 2022): 1–8. http://dx.doi.org/10.1155/2022/1580589.

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China’s fund market is getting bigger and bigger. By September 2021, the number of funds in the market had exceeded 8000, with a net value of nearly 24 trillion yuan. Among them, the number of equity funds has doubled compared with 2015, and the net value has increased four times compared with 2015, and it still maintains a rapid growth momentum. Do mutual funds play a role in market stabilization? To demonstrate this issue, we combined the passive trading technique with the positive and negative feedback trading strategies and explained how the minimum position ratio of equity funds affects s

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Rahma, Sarah Aulia, and Ari Prasetyo. "Perbandingan Kinerja Reksadana Syariah dan Pasar JII Menggunakan Metode Treynor (Studi Kasus Reksadana Saham Syariah, Reksadana Syariah Pendapatan Tetap dan Reksadana Syariah Pendapatan Campuran Periode 2011-2015)." Jurnal Ekonomi Syariah Teori dan Terapan 4, no. 5 (2017): 410. http://dx.doi.org/10.20473/vol4iss20175pp410-423.

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This research aims to find out the comparison between the performance of Islamic mutual funds of stock, Islamic mutual funds of fixed income and combined Islamic mutual funds with the market (Jakarta Islamic Index) as benchmark by using Treynor method. The method of this measuring calculates upon the risk factors and the return rate of those three kinds of Islamic mutual fund and benchmark. This research uses 21 samples of Islamic mutual fund in Indonesia which consist of seven Islamic mutual funds of stock, seven Islamic mutual funds of fixed income and seven combined Islamic mutual. The appr

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Agus Astapa, I. Gede, Gede Suwardika, and I. Ketut Putu Suniantara. "ANALISIS DATA PANEL PADA KINERJA REKSADANA SAHAM." Jurnal VARIAN 1, no. 2 (2018): 59–69. http://dx.doi.org/10.30812/varian.v1i2.72.

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Mutual funds is another investment opportunity with a more measurable risk as well as return high enough with enough capital is affordable for the community. Mutual fund performance can be measured by several indicators.. Modeling the performance of mutual funds modeled by regression of the data panel. The regression model estimation data panel will do with the three approaches, namely the approach of common effect, fixed effects and random effects. This research purpose to know the performance of mutual funds from stock selection skill variable influences, market timing ability and level of r

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Das, Praveen K., and S. P. Uma Rao. "Market timing and selectivity performance of socially responsible funds." Social Responsibility Journal 11, no. 2 (2015): 258–69. http://dx.doi.org/10.1108/srj-07-2013-0088.

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Purpose – The purpose of this paper is to examine the market timing and stock selection abilities of socially responsible (SR) mutual funds. Some high-profile SR fund managers try to embrace market timing and security selection plans to add value to the performance. Market timing relies on forecasting the equity market and shifting assets into or out of the market in anticipation of market movements. The selectivity measure assesses fund managers ability to select undervalued securities. Furthermore, the authors examine whether fund characteristics play any role in market timing and security s

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Cheng, Leonardo, and Kartika Dewi. "THE EFFECTS OF INFLATION, RISK, AND MONEY SUPPLY ON MUTUAL FUNDS PERFORMANCE." Journal of Applied Finance & Accounting 7, no. 2 (2020): 29–34. http://dx.doi.org/10.21512/jafa.v7i2.6381.

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This research aims to examine the effect of inflation, risk rate and money supply on the performance of stock mutual funds in the 2015-2017 period. This research uses purposive sampling and obtained 25 mutual funds stocks per year with a total sample of 75 samples. The analysis uses panel data regression with e-views version 9. The results show that inflation and money supply variable have a significant negative influence, while the risk rate variable has a significant positive influence. This shows that the performance of the stock mutual funds is influenced by macroeconomic factors such as i

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Bella, Clara, and Yul Tito Permadhy. "ANALISIS PERBANDINGAN KINERJA REKSADANA SAHAM MENGGUNAKAN METODE SHARPE DAN TREYNOR PADA REKSADANA SAHAM." Jurnal Equity 21, no. 1 (2019): 49. http://dx.doi.org/10.34209/.v21i1.631.

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This study aims to determine the comparison of stock mutual fund performance using sharpe method and treynor method. The research method used in this research is descriptive method with quantitative approach. The object of this study using all mutual fund shares listed on the Indonesia Stock Exchange period 2013-2016. The technique of determining the sample using purposive sampling method so that 66 mutual funds were chosen as research sample. The results of this study explain that there are differences in the results of the performance of stock mutual funds using sharpe method and treynor met

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Bella, Clara, and Yul Tito Permadhy. "ANALISIS PERBANDINGAN KINERJA REKSADANA SAHAM MENGGUNAKAN METODE SHARPE DAN TREYNOR PADA REKSADANA SAHAM." Equity 21, no. 1 (2019): 49. http://dx.doi.org/10.34209/equ.v21i1.631.

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This study aims to determine the comparison of stock mutual fund performance using sharpe method and treynor method. The research method used in this research is descriptive method with quantitative approach. The object of this study using all mutual fund shares listed on the Indonesia Stock Exchange period 2013-2016. The technique of determining the sample using purposive sampling method so that 66 mutual funds were chosen as research sample. The results of this study explain that there are differences in the results of the performance of stock mutual funds using sharpe method and treynor met

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Carneiro, Alexandre, and Ricardo Leal. "Naive portfolios, Brazilian stock funds, and individual investors." Academia Revista Latinoamericana de Administración 30, no. 3 (2017): 383–401. http://dx.doi.org/10.1108/arla-08-2016-0217.

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Purpose The purpose of this paper is to contrast three investment choices within the reach of individual investors: naive portfolios of Brazilian stocks; actively managed stock funds; and the Ibovespa index, which represents passive management as well as to offer insights on the performance of professional asset managers in this large emerging market. Design/methodology/approach Equally weighted portfolios contained between 5 and 30 stocks to keep transaction costs low. Stock selection used the Ibovespa constituents and considered value (dividend yield (DY) and price-to-book ratio), momentum (

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Deb, Soumya Guha, Ashok Banerjee, and B. B. Chakrabarti. "Market Timing and Stock Selection Ability of Mutual Funds in India: An Empirical Investigation." Vikalpa: The Journal for Decision Makers 32, no. 2 (2007): 39–52. http://dx.doi.org/10.1177/0256090920070204.

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Evaluation of performance of mutual funds and identification of successful fund managers are of great interest to both investors and academicians. Two possible methods that are presumed to be used by fund managers for generating superior performance are identified as: Market timing: Market timing skills imply assessing correctly the direction of the market, whether bull or bear, and positioning their portfolios accordingly. Stock selection: Stock selection skills involve micro forecasting, which generally forecasts price movements of individual stocks relative to stocks and identification of i

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Gayatri, Gayatri, and Ni Luh Sari Widhiyani. "Kinerja Investasi Exchange Trade Fund di Indonesia." E-Jurnal Akuntansi 31, no. 7 (2021): 1632. http://dx.doi.org/10.24843/eja.2021.v31.i07.p02.

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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 abili

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Farooqi, Javeria, Surendranath Jory, and Thanh Ngo. "Active fund managers and earnings management at portfolio companies." Review of Accounting and Finance 19, no. 1 (2019): 48–82. http://dx.doi.org/10.1108/raf-11-2017-0209.

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Purpose This paper aims to examine the association between the types of mutual funds, i.e. active versus passive, and the level of earnings manipulation in companies that comprise their stock portfolios. Design/methodology/approach The authors use Cremers and Petajisto’s (2009) classification of mutual funds by active share and tracking error volatility to differentiate between active and passive mutual funds. To assess the extent of earnings quality at portfolio companies, the authors measure accruals earnings management and real earnings management. Findings The authors find that the portfol

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Kosim, Belliwati, and Wani Fitriah. "KINERJA REKSA DANA SAHAM SYARIAH DI BURSA EFEK INDONESIA." Jemasi: Jurnal Ekonomi Manajemen dan Akuntansi 17, no. 02 (2022): 119–32. http://dx.doi.org/10.35449/jemasi.v17i02.531.

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Mutual fund is such an alternative which offers convenience for investors who want to invest with limitedfunds, especially small investors who do.not have much time in understanding investment performance and have nocapability to calculate the risk of the investment they have. This research was aimedat determining the performance of syariah mutual fund on the Indonesia stock exchange. The type oflhis research was a descriptive-quantitative approach. The population of this research was sharia equity mutual funds on the Indonesia Stock Exchange within January 2014-2018. To get the sample of the

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Sanaullah, Sanaullah, Amna Noor, Salleh Khan, and Muhammad Shahbaz Khan. "An Empirical Investigation of the Performance of Fund Managers in Pakistan." iRASD Journal of Management 3, no. 1 (2021): 56–68. http://dx.doi.org/10.52131/jom.2021.0301.0026.

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This study aims to determine the stock selection ability and market timing ability of mutual fund managers, focusing on conventional funds and Islamic funds in Pakistan. Although there has been significant growth in the number and assets of mutual funds in recent years, few studies measure the performance of mutual funds managers. The scarcity of existing literature motivates this study. In this study, two models are used to measure the stock selection and market timing on a sample of conventional mutual funds and Islamic mutual funds over 2010 and 2019 using annual returns. Overall, the resul

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Trivena, Shinta Maharani, Kartika Indah Permanasari, and Oto Sunandar Dinata. "ANALISIS RETURN DAN RISIKO INVESTASI PADA REKSADANA SAHAM (Studi Pada Reksadana Saham yang terdaftar di Bursa Efek Indonesia Per.1.O1.2015-31.12.2017)." Adbis: Jurnal Administrasi dan Bisnis 12, no. 2 (2019): 169. http://dx.doi.org/10.33795/j-adbis.v12i2.55.

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This study is a research aimed to knowing the return and risk of investment in stock mutual funds. The population used is stock mutual funds listed on the Indonesia Stock Exchange Period January 1, 2015 to December 31, 2017. The sampleused purposive sampling, which is a sample based on spesific criteria, that is mutual funds in the form of Collective Investment contracts and stock mutual funds that are open during the period 1 January 2015-31 December 2017. The results of the study show the amount of return is comparableof the risk. Pratama Sahamare the highest returns during 2015,

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Ismailescu, Iuliana. "Determinants of the Time-Variation in Emerging-Market Closed-End Fund Premiums: A Comparison between Equity and Bond Funds." American Economist 52, no. 2 (2008): 54–64. http://dx.doi.org/10.1177/056943450805200207.

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This paper explores the determinant factors of the time-variation in emerging markets closed-end fund premiums, price returns, and NAV returns. After controlling for variables previously proposed in the emerging market closed-end funds literature, such as the U.S. stock market risk, local stock market return, and the percentage change in exchange rates, two hypothesis are used to explain the variation in fund premiums: the U.S. investor sentiment and the market segmentation theory. The results of the time-series analyses show that country funds, regional equity funds, and global bond funds are

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Sarpong, Prince K. "Against the Herd: Contrarian Investment Strategies on the Johannesburg Stock Exchange." Journal of Economics and Behavioral Studies 6, no. 2 (2014): 120–29. http://dx.doi.org/10.22610/jebs.v6i2.475.

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This study seeks to investigate herd behaviour among equity mutual fund managers and the performance of mutual funds that trade against the herd in South Africa. The behaviour of mutual funds has an effect on the stability and volatility of stock markets, the ultimate returns to the investors. The study builds upon the efficient market hypothesis, portfolio theory and behavioural finance to provide evidence of the behaviour of mutual funds in an emerging market context using the Johannesburg Stock Exchange. The Lakonishok, Shleifer and Vishney (1991) measure of herding is used to ascertain the

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Muhtaseb, Majed R. "A hedge fund collapse and diversification 101: lessons to stakeholders." Journal of Financial Crime 28, no. 3 (2021): 774–83. http://dx.doi.org/10.1108/jfc-09-2020-0198.

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Purpose The purpose of this paper is events and analysis of present a hedge fund collapse, offer lessons to investors and hedge fund industry stakeholders and propose a possible remedy for mitigating operational risks and associated potential losses. Design/methodology/approach This study focused on one hedge fund case study and conducted a thorough investigation of the events that led to the collapse and eventual filing of the Securities and Exchange Commission (SEC) complaint. All articles and publications used for this research are available in the public domain and accessible. Findings Woo

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Puspita Sari, Indri, and Asep Risman. "Assesment of Mutual Fund Performance Using the Calculation Methods of Sharpe Ratio, Treynor Ratio, Jensen Alpha, and M-Square (Study on Indonesia Mutual Fund for the 2016-2018)." Sumerianz Journal of Business Management and Marketing, no. 44 (December 25, 2021): 138–45. http://dx.doi.org/10.47752/sjbmm.44.138.145.

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The purpose of this study is to determine the difference in returns on the JCI or stock mutual funds returns and to find out how well the performance of the four stock mutual funds is in the conclusion that there is a difference or not in the consistency of the performance of stock mutual funds. In this study, the Mutual Fund Performance Evaluation Method used includes the Sharpe Ratio, Treynor Ratio, Jensen Alpha, and M-Square. The population in this study is equity mutual funds registered with the Financial Services Authority (OJK) for the 2016-2018 period. The results of the study based on

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David Ferdinan, Hutagalung, Eko A. Widyanto, and Burhanuddin Burhanuddin. "Pengukuran Reksadana Menggunakan Sharpe dan Treynor Model Jenis Pasar Uang, Pendapatan Tetap dan Saham." Jurnal Indonesia Sosial Sains 3, no. 4 (2022): 562–77. http://dx.doi.org/10.36418/jiss.v3i4.567.

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The Purpose of this research determine the results of measuring the performance of each type of mutual funds, namely the type of Money Market, Fixed Income and stocks in 2016 - 2020, if using the Sharpe method and the Treynor method and finding the type of Mutual fund with the best performance from these measurements. Sampling technique in this study using purposive sampling technique, totaling 30 samples of mutual funds. The analytical tool used in performance measurement is Microsoft Excel. The result of this performance measurement is the performance measurement of money market mutual funds

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David Ferdinan, Hutagalung, Eko A. Widyanto, and Burhanuddin Burhanuddin. "Pengukuran Reksadana Menggunakan Sharpe dan Treynor Model Jenis Pasar Uang, Pendapatan Tetap dan Saham." Jurnal Indonesia Sosial Sains 3, no. 4 (2022): 562–77. http://dx.doi.org/10.36418/jiss.v3i4.567.

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The Purpose of this research determine the results of measuring the performance of each type of mutual funds, namely the type of Money Market, Fixed Income and stocks in 2016 - 2020, if using the Sharpe method and the Treynor method and finding the type of Mutual fund with the best performance from these measurements. Sampling technique in this study using purposive sampling technique, totaling 30 samples of mutual funds. The analytical tool used in performance measurement is Microsoft Excel. The result of this performance measurement is the performance measurement of money market mutual funds

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Bayar, Yilmaz, Marius Dan Gavriletea, Dan Constantin Danuletiu, Adina Elena Danuletiu, and Emre Sakar. "Pension Funds, Insurance Companies and Stock Market Development: Evidence from Emerging Markets." Mathematics 10, no. 13 (2022): 2335. http://dx.doi.org/10.3390/math10132335.

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Stock markets foster economic growth through meeting the fund requirements of the firms by individual and institutional investors. Pension funds and insurance companies with their long-term investment horizon are critical institutional investors in capital markets. Therefore, this article explores the effect of pension funds and insurance companies on stock market development in 15 emerging market economies over the 2004–2019 period through panel cointegration and causality tests. The causality analysis revealed that stock market development had a significant impact on pension funds and the in

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Wijaya, Dimas Rahmat, and Dedi Rusdi. "PERSISTENSI KINERJA REKSA DANA SAHAM DI BURSA EFEK INDONESIA." Jurnal Akuntansi Indonesia 3, no. 1 (2016): 13. http://dx.doi.org/10.30659/jai.3.1.13-28.

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Investors are required to be more prudent in determining the investment option since many choices For investing in a mutual funds are popped . So some research is needed to review the performance of mutual funds that active in Stock exchange to be a reference in predicting the performance of mutual funds next year. This research use data from the beginning of the period 2007 until the end of 2012 or from the beginning of the global crisis period and during the crisis period is underway , it is expected to provide accurate results as a benchmark to invest in mutual funds . Because nowaday, the

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ANITA, ANITA. "KINERJA MANAJER INVESTASI REKSADANA SAHAM SYARIAH DI INDONESIA." Al-Masraf : Jurnal Lembaga Keuangan dan Perbankan 4, no. 1 (2019): 1. http://dx.doi.org/10.15548/al-masraf.v4i1.224.

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The purpose of this study is to test the ability of investment managers in Islamic mutual funds in their ability to conduct stock selection and market timing. The model developed in this study uses the Henriksson-Merton model. With purposive sampling technique obtained a sample of 31 mutual funds. After testing the results obtained, the performance of Islamic stock mutual funds in Indonesia underperformed compared to the ISSI market performance. The stock selection results contribute negatively to α = 5%, while the ability of market timing has a significant positive effect on mutual fund retur

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Lu, Yang-Cheng, Hao Fang, and Yen-Hsien Lee. "The informational and non-informational compositions of UK fund managers’ dynamic herding in the stock market." Panoeconomicus 64, no. 5 (2017): 571–92. http://dx.doi.org/10.2298/pan150212016l.

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This paper examines whether UK fund managers engage in herding behaviour in the stock market using the dynamic herding measure, whether their herding behaviour is different during bullish and bearish periods, whether most of their herding is informational, which types of informational reasons act as the main drivers of their herding and whether there are non-informational drivers of their herding. Our results reveal that UK fund managers engage in significant herding behaviour and that this behaviour does not differ significantly from bullish to bearish stock markets. Moreover, we confirm that

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Chen, Feng, Ole-Kristian Hope, Qingyuan Li, and Xin Wang. "Earnings Opacity and Closed-End Country Fund Discounts." Journal of Accounting, Auditing & Finance 33, no. 3 (2016): 324–54. http://dx.doi.org/10.1177/0148558x16640657.

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Closed-end country funds are interesting in that they have two sets of prices for the same underlying assets—the net asset value (NAV) of the fund holdings as measured using the underlying firms’ stock prices in their home markets and the fund price at which the fund trades on a U.S. stock exchange. Utilizing the theoretical framework of information asymmetry in two separate markets for an identical asset, we find that the difference between the fund’s NAV and its trading price (i.e., the fund discount) is positively associated with the earnings opacity of the underlying companies. Such a posi

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Nguyen, Hoa Thi, and Dung Thi Nguyet Nguyen. "The impact of country-level and fund-level factors on mutual fund performance in Vietnam." Journal of Economics and Development 21, no. 1 (2019): 42–56. http://dx.doi.org/10.1108/jed-06-2019-0007.

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Purpose The purpose of this paper is to examine the determinants of mutual funds’ performance at both a country level and a fund level in Vietnam. Design/methodology/approach The different types of funds with more than three-year operation are selected to remove outliers of the stock market boom from 2015 to 2018. The data set includes 54 mutual funds operating during the period from 2008 until November 2018. Findings The research finds that there is a positive relationship between macroeconomics and mutual funds’ performance. Furthermore, country-level governance such as regulation effectiven

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Frijns, Bart, and Ivan Indriawan. "On the ability of New Zealand actively managed funds to generate outperformance in their domestic equity allocations." Pacific Accounting Review 30, no. 4 (2018): 463–81. http://dx.doi.org/10.1108/par-10-2017-0079.

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Purpose This paper aims to assess the ability of New Zealand (NZ) actively managed funds to generate risk-adjusted outperformance using portfolio holdings data. Focusing on domestic equity allocations addresses the benchmark selection issue, particularly for funds with national and international exposures. Design/methodology/approach The authors assess performance using several asset pricing models including the CAPM, three-factor and four-factor models. The authors also assess performance across funds with different characteristics such as fund size, size of local holdings, type of fund provi

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Jain, Dr Meghna. "A Study of Selected Flexi Cap Mutual Funds." Journal of Corporate Finance Management and Banking System, no. 24 (July 2, 2022): 16–24. http://dx.doi.org/10.55529/jcfmbs.24.16.24.

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This paper represents an overview on the performance evaluation of the flexi cap mutual funds. A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors in order to invest in securities like stock, bonds, money market instruments and other assets. Flexi cap funds are open ended dynamic equity schemes that invest across large cap, mid cap and also small cap stocks. These funds allow the investors to diversify their portfolios across market capitalizations in order to reduce risk and volatility. Thus, the fund manager is responsible to analyze the pote

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Yulianto, Ari, and Heri Ispriyahadi. "ANALISIS VOLATILITAS IMBAL HASIL REKSADANA SAHAM (STUDI KASUS PADA REKSADANA SCHRODER DANA PRESTASI PLUS)." Jurnal Ekobis : Ekonomi Bisnis & Manajemen 8, no. 2 (2020): 76–90. http://dx.doi.org/10.37932/j.e.v8i2.38.

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This research aims to analyze the empirical evidence of the volatility of stock mutual fund returns. The data used is the daily yield data of Schroder Dana Prestasi Plus mutual funds. The analytical methods used in this study are GARCH (Generalized Auto Regression Heteroscedasticity) and EGARCH (Exponential Generalized Auto Regitional Heteroscedasticity). The results showed that the yield of Schroder Dana Prestasi Plus stock mutual funds proved significantly that there was a time varying volatility phenomenon. Then the volatility in the yield of Schroder Dana Prestasi Plus stock mutual funds w

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Wang, Kangmao. "Rationale and Strategy for Expansion of Singapore Stock Market." Review of Pacific Basin Financial Markets and Policies 03, no. 01 (2000): 45–58. http://dx.doi.org/10.1142/s0219091500000042.

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This study provides an overview of the growth of the securities industry in Singapore. It discovers that the shrinking turnover attributes to the downfall IPO size, which in turn causes decreasing funds raised through the equity issuance. The analysis reveals a negative correlation between the stock market turnover and CPF (central provident fund) withdrawal. The study then discloses that domestic funds continue to be the main source to be invested in Singapore's stock market. It is concluded that the most effective measure to accelerate Singapore's effort in becoming a regional financial cent

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Alim, Fathimah Awliyaul, Muhamad Umar Mai, and Setiawan Setiawan. "Analisis Pengaruh Faktor Internal dan Faktor Ekternal terhadap Kinerja Reksa Dana Syariah Saham." Journal of Applied Islamic Economics and Finance 1, no. 2 (2021): 435–45. http://dx.doi.org/10.35313/jaief.v1i2.2476.

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This research aims to find out what things can affect the performance of Islamic equity funds. Four independent variables were taken based on research released and classified as internal factors (Stock Selection, Mutual Fund Age) and external factors (Jakarta Islamic Index and Inflation Rate) to initiate the relationships in the performace of sharia equity funds as the dependen variables. The performance of Islamic equity funds use the Sharpe method and calculated for 36 months from January 2017 to December 2019. Research data taken from secondary data published by Bareksa, Jakarta Islamic Ind

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