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Islamic Discretionary Funds and Conventional Discretionary Funds

Islamic Discretionary Funds and Conventional Discretionary Funds
Sulaeman Rahman Nidar, Isnaeni Zulkarnaen
Universitas Padjadjaran, Proceeding The 14th Miicema Conference, 9-10 Oktber 2013 ISBN : 978-602-70200-0-9
Bahasa Inggris
Universitas Padjadjaran, Proceeding The 14th Miicema Conference, 9-10 Oktber 2013 ISBN : 978-602-70200-0-9
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The objective of this paper is to compare return and risk islamic discretionary funds and conventional discretionary funds in Indonesia as emerging market , by using direct comparison and one-performance measurement. Result of this research shows that islamic discretionary funds return is not significantly different from conventional discretionary funds return using direct comparison. In the other hand, the risk islamic discretionary funds is significantly lower than conventional discretionary funds using 5% of significant level. Finally, with using one-performance measurement results a ranking of mutual funds.

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