Impact of Macroeconomy and Jakarta Islamic Index on Net Assets Value of Islamic Mixed Mutual Funds

DOI

10.2991/aebmr.k.210305.064How to use a DOI?

Keywords

Islamic Mixed Mutual Funds, Macroeconomics, Jakarta Islamic Index

Abstract

Net Asset Value (NAV) of sharia mixed mutual funds has been decreasing since the last five years. It is related to macroeconomic factors and the condition of the Indonesian economy. In this paper the authors are trying to see the relevance of macroeconomic factors and Net Asset Value (NAV) of Islamic mixed mutual funds along the period 2014-2017. The variables used are Rupiah exchange and inflation which describe the condition of Indonesian economy in order to see performance benchmarks of Sharia stock investment of the Jakarta Islamic Index (JII). This research uses quantitative method with experimental research approach. The results showed that the variables of JII and Rupiah exchange rate had a significant effect on inverse relationship to Net Asset Value (NAV) of Sharia mixed mutual funds, whereas inflation showed a significant influence directly proportional towards Net Asset Value (NAV) of Sharia mixed mutual funds as well as the most dominant variable.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Mohamad Andri Ibrahim
AU  - Popon Srisusilawati
AU  - Gusti Khairina Shofia
AU  - Nanik Eprianti
PY  - 2021
DA  - 2021/03/08
TI  - Impact of Macroeconomy and Jakarta Islamic Index on Net Assets Value of Islamic Mixed Mutual Funds
BT  - Proceedings of the 2nd Southeast Asian Academic Forum on Sustainable Development (SEA-AFSID 2018)
PB  - Atlantis Press
SP  - 357
EP  - 359
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210305.064
DO  - 10.2991/aebmr.k.210305.064
ID  - Ibrahim2021
ER  -