THE INFLUENCE OF FUND AGE, TIME DETERMINATION ABILITY, SELECTION OF SHARE AND FUND SIZE ON THE PERFORMANCE OF SHARIA EQUITY MUTUAL FUNDS (2017-2019 PERIOD)

Abstract

The purposive research is to examine the influence of fund age, market timing, stock selection, and fund size on sharia equity funds performance (period 2017-209). The method used in this study was purposive sampling using 30 samples of sharia stock mutual funds. This research uses secondary data, namely the sharia stock mutual fund performance report in the form of JCI, SBI, Profile, and monthly NAV in each sharia stock mutual fund. The performance of stock mutual funds as a dependent variable using the Sharpe Ratio Method proxy. This study used a panel data method with a significant rate of 5% or 0.05 to test 4 Hypotheses using the Eviews program. Based on the results of the t (partial) test, it results that the age and selection of shares have no effect while the timing and size of funds have a positive effect on the performance of Islamic stock mutual funds. This study used the pane data method; with a significant rate of 5% or 0.05 to test 3 Hypotheses by using the Eviews program. Based on the results of the t (partial) test, it results that the fund age and selection of shares have no effect while the timing and size of funds have a positive effect on the performance of Islamic stock mutual funds.