Title: THE EFFECT OF SEVERAL VARIABLES ON THE PERFORMANCE OF FIXED INCOME MUTUAL FUNDS

Authors: Hariany Idris

Item Type: Thesis

Affiliations: Master of Management Study Program, Faculty of Economics and Business, Universitas Airlangga , Surabaya, Indonesia

Publisher: Universitas Airlangga

Abstract

Mutual funds are a vehicle for collecting funds from investors to be reinvested in a portfolio of securities by an investment manager and held by a custodian bank. Therefore, this vehicle functions first to collect funds, after which these funds are used to purchase portfolio securities. This study aims to analyze the effect of total asset turnover, load-no-load status, expense ratio, and quick ratio on the financial performance of fixed-income mutual funds. The study was conducted on 14 RDPTs that met the proposed sample requirements and over a 2-year period. The analytical model appropriate to this research objective was multiple linear regression and was carried out using the SAS computer program. The results showed that total asset turnover, load-no-load status, expense ratio, and quick ratio simultaneously had a significant effect on the performance of fixed-income mutual funds, contributing 44.88%. This study also showed that total asset turnover had a partial and significant positive effect on the performance of fixed-income mutual funds. Furthermore, it was also found that the expense ratio had a partial and significant negative effect on the performance of fixed-income mutual funds. Meanwhile, the load-no-load status and quick ratio variables had no partial effect on the performance of fixed-income mutual funds

Keywords: MUTUAL FUNDS; INVESTMENT

Sources: http://repository.unair.ac.id/34816/