FACTORS AFFECTING FIXED INCOME MUTUAL FUND PERFORMANCE (Study on Fixed Income Mutual Fund on Indonesia Period 2015-2017)

Abstract

The aim of the research is to analyze the influence of Past Performance, Fund Age, Asset under Management, and Risk towards the performance of fixed income mutual fund in Indonesia for the period of 2015-2017 by using Sharpe Ratio as a measurement tool. The population of this research consisted of 306 fixed income mutual fund products in Indonesia. This research is implementing a purposive sampling method to gain 36 sample from the population. Data conducted are secondary data taken from Bareksa. The technique used in this research is multiple regression analysis. The result shows that Past Performance and Risk have insignificant positive effect on the performance of fixed income mutual fund, and Fund Age shows a significant positive effect towards the performance of fixed income mutual funds. Meanwhile, Asset under Management has insignificant negative effect on the performance of fixed income mutual funds.