The Effect of Stock Selection Skill and Fund Size on The Performance of Stock Funds in Indonesia With Inflation and Interest Rate as Moderating Variables

Abstract

In this study, an assessment of mutual fund performance was conducted to determine the ability of mutual funds to generate high returns for investors by testing the effect of the variable stock selection skill and fund size on mutual fund performance moderated by inflation and interest rates in 2019-2021. The method of determining the sample using purposive sampling method is that there are 251 conventional stock mutual funds that meet the criteria as many as 67 conventional stock mutual funds as a sample. The data analysis tools used in this study were statistical descriptive and moderated regression. To measure the performance of mutual funds in this study using Sharpe Ratio, Stock Selection Skill using Treynor-Mazuy Ratio and Fund Size using Net Asset Value with Ln (natural logarithm).