ANALISIS PENGARUH STOCK SELECTION ABILITY, FUND CASH FLOW DAN FUND SIZE TERHADAP KINERJA REKSA DANA SAHAM

Abstract

Mutual funds are a very easy investment tool for beginner investors, because the management is assisted by the fund manager. This research examines the influence of stock selection ability, fund cash flow, and fund size on the performance of mutual funds.There are 27 mutual fund stock samples that been selected from the total population of 58 stock mutual funds through certain criteria (purposive sampling). The data used are monthly NAV (Net Assets Value) of mutual funds that mutually reported in 2016.The analytical method used is multiple linear regression analysis with classical assumption test that is normality test (normal P-Plot diagram), autocorrelation test, multicolinearity test, and heteroscedasticity test (scatterplot diagram), and F and R-Square test.To test the hypothesis using t test with stock selection ability have a significant positive influence on the mutual fund performance, fund cashflow has a significant negative influence on the performance of mutual fund, and fund size has no significant positive influence on the performance of mutual fund.
Keywords: performance of mutual funds, sharpe index, stock selection ability, fund cashflow, and fund size