Pengaruh Inflasi, IHSG, Ukuran dan Umur pada Kinerja Reksa Dana Saham Periode 2012 - 2016

Abstrak

The purpose of this research is to determine the effect of inflation, JCI, mutual fund size and mutual fund age in the performance of equity funds for the period 2012 to 2016. This study was conducted on all conventional equity funds in Indonesia in the all quarters of 2012 to 2016. Sample determination is done by purposive sampling, giving 58 equity funds as a sample. Data analysis technique used in this research is multiple linear regression analysis. The result of multiple linear regression analysis shows that inflation and IHSG have negative effects, mutual fund size has positive effect and mutual fund age does not affect the performance of equity fund. The results that inflation and JCI have negative influences and mutual fund size have a positive effect on the performance of equity funds is the prove of the theory used, which is efficient market theory. Also, investors can pay attention to these three variables in order to make the right investment decisions.

Keywords: performance of equity fund, inflation, JCI, mutual fund size, mutual fund age