Is Regulatory Effect Interfering Equity Mutual Fund Managers Performance? Evidence in Indonesia

DOI

10.2991/978-94-6463-158-6_43How to use a DOI?

Keywords

Skilled fund manager; regulatory effect; conventional mutual fund; sharia mutual fund

Abstract

The purpose of the researcher in this study is to examine whether the performance of Islamic and/or Conventional Mutual Fund managers deteriorated during the transition period of Financial Services Authority Regulation (POJK) Number 19/POJK.04/2015 Chapter X Article 49 on the aggregate performance of Sharia and Conventional Mutual Funds in Indonesia. Changes in the composition of the Sharia Securities List (DES) due to the fulfillment and non-fulfillment of Sharia provisions by several shares can affect the composition of Sharia Mutual Funds which may later affect the performance of Sharia and Conventional Mutual Fund managers in Indonesia, may improve, deteriorate, or no difference in their performance during the transition period compared to the non-transition period depends on the ability of the fund manager. By comparing the performance of fund managers in the normal period and the transition period for changes in the composition of Mutual Funds due to changes in the composition of DES, it will be seen how the fund manager's ability to manage Sharia and Conventional Mutual Funds is when facing POJK Number 19/POJK.04/2015 Chapter X Article 49. The results of this study found that in aggregate the fund managers of Islamic Mutual Funds and/or Conventional Mutual Funds can overcome the effects of POJK Number 19/POJK.04/2015 Chapter X Article 49 and have a performance value that can beat the performance of the reference market index.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Satrio Pangestu
AU  - Dwi Nastiti Danarsari
PY  - 2023
DA  - 2023/06/26
TI  - Is Regulatory Effect Interfering Equity Mutual Fund Managers Performance? Evidence in Indonesia
BT  - Proceedings of the Ninth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2022)
PB  - Atlantis Press
SP  - 477
EP  - 486
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-158-6_43
DO  - 10.2991/978-94-6463-158-6_43
ID  - Pangestu2023
ER  -