Comparative study of sharia and conventional stock mutual fund performance: evidence from indonesia
Khajar I., Hersugondo H., Udin U.
Abstract
The purpose of this study is to determine whether there are any differences between the conventional and sharia mutual fund performance and also to investigate the differences between the sharia index (JII) and conventional index (IHSG). The population of this study includes all stock mutual funds that have a cooperation with Indo Premier Securities for a distribution to investors. Based on the purposive sampling method, the sample is 65 consisting of 14 sharia shares fund (SY) and 51 conventional stock fund (SU). The empirical results show that the sharia mutual fund performance is lower compared with a conventional mutual fund. Furthermore, the sharia and conventional stock mutual fund performance are better than the JII and IHSG.
References 10
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