Pengaruh Stock Selection Skill, Market Timing Ability and Fund Size Terhadap Kinerja Reksadana Saham Syariah
DOI:
https://doi.org/10.47747/snfmi.v3i1.3097Abstract
This research was conducted to (1) analyze the effect of stock selection skill on the performance of sharia equity funds; (2) analyze the effect of market timing ability on the performance of sharia equity funds; and (3) analyze the effect of fund size on the performance of sharia equity funds. The population of this research consists of Sharia equity fund companies registered with the Financial Services Authority (OJK) for the period 2021-2023. The sample was selected using the purposive sampling method, resulting in 36 samples. The data analysis technique employs multiple linear regression tests with classical assumption tests and hypothesis tests. The results of the hypothesis tests indicate that stock selection skill and market timing ability positively affect the performance of Sharia equity funds. These findings emphasize the importance of investment managers' skills in managing Sharia equity funds. However, another finding in this research proves that fund size does not affect the performance of Sharia equity funds. This concludes that the size of the mutual fund's assets cannot yet represent the performance of Sharia equity funds.
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