EFFECT OF MACROECONOMIC ON NET ASSET VALUE OF EQUITY MUTUAL FUNDS IN INDONESIA DURING COVID-19 PANDEMIC Thanthowie Jauharie (a*), Eko Rizkianto (b)
Department Economic and Business, Universitas Indonesia
Jakarta 10430 Indonesia
Abstract
Mutual funds are a type of investment that is in demand by many people, because they are carried out by investment managers so investor can feel more safe. There are seven types of mutual fund, equity fund is a type of mutual funds that can provide the biggest return. However mutual funds cannot be separated from systematic risk, as if that the purpose of this study was to analyze the effect of macroeconomic factors such as inflation,exchange rate, composite index, and Covid-19 cases on Net Asset Value (NAV) of equity mutual funds in Indonesia. There are 172 equity mutual funds sampled by purposive sampling and been tested in this study. The method used in this research is multiple linear regression analysis. The result of this study is the macroecomic factor such as inflation,exchange rate, composite index, and Covid-19 cases significantly effecting the Net Asset Valu (NAV) of equity mutual funds in Indonesia.
Keywords: Macroeconomic, Covid-19, Net Asset Value, Equity Mutual Funds.
