The Effect of Market Timing Ability, Stock Selection Ability, and Fund Cash Flow on Islamic Equity Mutual Fund Performance

Hasni Nur’Aeni

doi:10.37058/acrow.v1i1.455

Authors

Hasni Nur’Aeni Siliwangi University

DOI:

https://doi.org/10.37058/acrow.v1i1.455

Keywords:

Market Timing Ability, Stock Selection Ability, Fund Cash Flow, Mutual Fund Performance

Abstract

This study aims to determine: The condition od Market Timing Ability, Stock Selection Ability, Fund Cash Flow, and the performance of Islamic equity mutual funds registered with the Indonesia Financial Services Authority during the period 2021-2024; The simultaneous effect of Market Timing Ability, Stock Selection Ability, and Fund Cash Flow on the performance of Islamic equity mutual funds registered with the Indonesia Financial Services Authority during the period 2021-2024; and The partial effect of Market Timing Ability, Stock Selection Ability, and Fund Cash Flow on the performance of Islamic equity mutual funds registered with the Indonesia Financial Services Authority during the period 2021-2024. This research employs a quantitative method with a survey approach. The data used in this study are secondary data obtained from Fund Fact Sheet of Islamic equity mutual fund companies. The analytical method applied is panel data regression analysis. The result of the study indicate that; Market Timing Ability, Stock Selection Ability, Fund Cash Flow, and the performance of Islamic equity mutual funds exhibit fluctuating values during the observation period; Market Timing Ability, and Stock Selection Ability have a positive and significant effect on the performance of Islamic equity mutual funds, while Fund Cash Flow does not have a significant effect on ther performance of Islamic equity mutual funds.

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