Perbandingan Kinerja Reksadana Saham Syariah dan Konvensional (Pada 10 Reksadana di BEI Tahun 2017-2019)
Abstract
This research was conducted with the aim to find out, describe, and to analyze how the comparative performance of Islamic stock mutual funds and conventional stock mutual funds, especially mutual funds registered in the same investment manager. The sample used in this study is 10 mutual funds that are members of 5 investment manager that are the same as each investment manager is one conventional stock mutual fund and one Islamic stock mutual funds listed on the IDX during the observation period in April 2017- December 2019. The results of data analysis show that the use of the sharpe method the performance of Islamic stock mutual funds is superior to that of conventional stock mutual funds. Whereas when using the Treynor index and Jensen index the results obtained if the performance of conventional stock mutual funds is higher than the performance of Islamic stock mutual funds with a fairly large difference in value.
Keywords: Comparison, Performance, Mutual Funds, Conventional Stock Mutual Funds, Islamic Stock Mutual Funds.
Full text article
References
Ghozali, I. 2012. Metode Penelitian Kuantitatif. Bandung: Pustaka Setia
Huda, N., Nazwirman, N., & Hudori, K. (2018). Analisis Perbandingan Kinerja Reksa Dana Saham Syariah dan Konvensional Periode 2012-2015. Iqtishadia, 10(2), 184. https://doi.org/10.21043/iqtishadia.v10i2.2242
Kusumawati, Rahayu. 2016. “Analisis Kinerja Reksadana Saham Konvensional Dan Reksadana Saham Syariah Dengan Menggunakan Metode Sharpe.”Analisis Kinerja Reksadana Saham Konvensional Dan Reksadana Saham Syariah Dengan Menggunakan Metode Sharpe 151–70.
Lestari, Winda Rika. 2015. “Kinerja Reksa Dana Saham Syariah Dan Reksa Dana Saham Konvensional.” Jurnal Magister Manajemen 01(1):116–28.
Malik, Ahmad Dahlan. 2017. “Analisa Faktor – Faktor Yang Mempengaruhi Minat Masyarakat Berinvestasi Di Pasar Modal Syariah Melalui Bursa Galeri Investasi Uisi.”Jurnal Ekonomi Dan Bisnis Islam (Journal of Islamic Economics and Business) 3(1):61.
Özlem, O., Nazan Haydari. 2014. “Analisis Perbandingan Reksa Dana Syariah Dan Reksa Dana Konvensional Jenis Saham Periode 2008-2012.” Telematics and Informatics 19(1):27–40.
Saham, Syariah, and D. I. Indonesia. 2018. “Pemilihan SahamDan Waktu Perdagangan Pada Reksadana Syariah Saham Di Indonesia.”Management Analysis Journal 7(1):12–23.
Sharpe, William F. 1966. “Mutual Fund Performance, Part 2: Supplement on Security Prices.” The Journal of Business, The University of Chicago 39(1):119–38.
Sugiyono. 2011. Metode Penelitian Kuantitatif, Kualitatif dan Kombinasi (MIX Methodes).
Bandung: Alfabeta.
. 2012. Metode Penelitian Bisnis. Bandung: Alfabeta.
. 2014. Metode Penelitian Kuantitatif Kualitatif dan R&D. Bandung: Afabeta.
Suliyanto. 2011. Ekonometrika Terapan: Teori & Aplikasi dengan SPSS. Yogyakarta: Andi Offset.
Syafrida, Ida, Indianik Aminah, and Bambang Waluyo. 2014. “Perbandingan Kinerja Instrumen Investasi Berbasis Syariah Dengan Konvensional Di Pasar Modal Indonesia.” Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah 6(2):195–206.
Velnampy, T. dan Nimalathasan, B. 2010. “Firm Size on Profitability: A Comparative Study of Bank of Ceylon and Commercial Bank”. Global Journal of Management And Business Research.Vol. 10 No. 2.
Authors
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.