Performance Evaluation Of Mutual Funds In Indonesia

Werner-Ria Murhadi

MPRA Paper from University Library of Munich, Germany

Abstract: This paper is an empirical assessment of the performance of mutual fund managers in terms of “market timing” and “selectivity”, within the framework suggested by Treynor and Mazuy (1966) and Henriksson and Merton (1981). The relevant data set is a balanced panel of fifty five mutual funds, over a seventeen-month period beginning on February 2008 until June 2009. The result find that only four mutual fund have a good performance in market timing and four mutual fund have a good performance in stock selection. Both methods have a good indicator to reflect mutual funds performance.

Keywords: market timing; stock selection; mutual funds (search for similar items in EconPapers)
JEL-codes: G11 G20 (search for similar items in EconPapers)
Date: 2010-03-09, Revised 2010-03-09
New Economics Papers: this item is included in nep-sea
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Published in ProceedingsThe 3rd National Conference on Management Research 3rd.March(2010): pp. 1-12

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