WSEAS Transactions on Business and Economics


Print ISSN: 1109-9526
E-ISSN: 2224-2899

Volume 16, 2019

Notice: As of 2014 and for the forthcoming years, the publication frequency/periodicity of WSEAS Journals is adapted to the 'continuously updated' model. What this means is that instead of being separated into issues, new papers will be added on a continuous basis, allowing a more regular flow and shorter publication times. The papers will appear in reverse order, therefore the most recent one will be on top.


Volume 16, 2019


Comparative Study of Sharia and Conventional Stock Mutual Fund Performance: Evidence from Indonesia

AUTHORS: Ibnu Khajar, Hersugondo Hersugondo, Udin Udin

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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.

KEYWORDS: sharia mutual fund, conventional mutual fund, sharia index, conventional index

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WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 16, 2019, Art. #10, pp. 78-85


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