Expense Ratio, Portfolio Turnover, dan Return Reksa Dana Saham
DOI:
https://doi.org/10.24246/persi.v3i2.p109-124Keywords:
expense ratio, , portfolio turnover, return rate, equity fundsAbstract
This research aims to test the effect of expense ratio and portfolio turnover on stock mutual fund returns. Furthermore, this study uses Markowitz's portfolio theory (1952). This study uses secondary data obtained from OJK and websites (bareksa and fund markets) from the 2016-2018 period. By using a quantitative method in the form of a classic assumption test and a regression test, this study shows that the expense ratio has a significant negative effect on stock mutual fund returns. Meanwhile, turnover portfolio does not significantly influence the return of equity funds.
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