PENGARUH KEBIJAKAN ALOKASI ASET, PEMILIHAN SAHAM DAN TINGKAT RISIKO TERHADAP KINERJA REKSADANA SAHAM

Abstract

This research aimed to examine empirically and analyze the effect of (1) policy of risk asset allocation on performance of stock Reksadana in Indonesia, (2) stock election on performance of stock Reksadana in Indonesia, (3) risks level on performance of stock Reksadana in Indonesia. Moreover, the population was investment companies which were listed on Indonesia Stock Exchange (IDX) during 2015-2019. The research was quantitative. Furthermore, the data collection technique used purposive sampling, in which the sample was based on criteria given. Additionally, the measurement of performance of Reksadana used the Sharpe method. In addition, there were 95 samples of Reksadana stock in Indonesia. The research result concluded that as follows: (1) policy of asset allocation had a positive and significant effect on performance of stock Reksadana in Indonesia, (2) stock election had a positive and significant effect of performance ofstock Reksadana in Indonesia,(3)risks level did not have positive effect on performance of stock Reksadana in Indonesia.