Proceedings of the International Conference on Economics and Banking 2015

Mutual Fund Performance : Stock Selection or Market Timing

Authors
Moh. Benny Alexandri
Corresponding Author
Moh. Benny Alexandri
Available Online May 2015.
DOI
https://doi.org/10.2991/iceb-15.2015.26How to use a DOI?
Keywords
Mutual Fund, Stock Selection, Market Timing, Investment Manager
Abstract
The number of mutual fund investors in Indonesia as an emerging market in compared with the population of Indonesia is very small. In the United States, mutual funds have become part of a family, where in 10 families, 8 have invested in mutual funds. While in Indonesia is still needs more time to achieve that conditions. There is not many study about Investment Manager’s Stock Selection and Market Timing Ability in Indonesia. Good ability of investment managers, will influence the performance of mutual funds. This study aims to determine investment manager ability of the stock selection and market timing of equity funds in Indonesia,andthe most dominant factor affecting the performance of mutual funds in Indonesia..Data used is for period 1/1/2008 - 31/3 / 2011. This study will prove whether Manager Ability of Market Timing and Stock Selection is the most dominant variable in comparison with other variables associated with the performance of mutual funds in Indonesia. The findings of this studyare Stock selection ability is the main reason for investor to choose mutual fund. Market timing will use by investor as main reason for invest, in the future. The result of having a relation between stock selection, market timing ability and fund performance in an emerging market clearly warrant future studies
Open Access
This is an open access article distributed under the CC BY-NC license.

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Proceedings
International Conference on Economics and Banking (iceb-15)
Part of series
Advances in Economics, Business and Management Research
Publication Date
May 2015
ISBN
978-94-62520-86-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/iceb-15.2015.26How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Moh. Benny Alexandri
PY  - 2015/05
DA  - 2015/05
TI  - Mutual Fund Performance : Stock Selection or Market Timing
BT  - International Conference on Economics and Banking (iceb-15)
PB  - Atlantis Press
SN  - 2352-5428
UR  - https://doi.org/10.2991/iceb-15.2015.26
DO  - https://doi.org/10.2991/iceb-15.2015.26
ID  - Alexandri2015/05
ER  -