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Abstrak :
ABSTRAK
Penelitian ini bertujuan untuk melihat pengaruh rata-rata suku bunga deposito 1 bulan, IHSG dan nilai tukar USD terhadap arus dana Reksa Dana Konvensional Saham, Reksa Dana Syariah Saham, Reksa Dana Konvensional Campuran dan Reksa Dana Syariah Campuran yang dikelola oleh Manajer Investasi PT. XYZ dengan rentang waktu penelitian Januari 2010 - Agustus 2014 dengan menggunakan metode regresi linear berganda. Hasil penelitian memperlihatkan bahwa setiap jenis Reksa Dana memiliki reaksi yang berbeda terhadap pergerakkan ekonomi Indonesia. Pada Reksa Dana Konvensional Saham, variabel return rata-rata deposito 1 bulan tidak berpengaruh signifikan, hasil berbeda ditunjukkan oleh Reksa Dana Syariah Saham dimana return IHSG berpengaruh signifikan. Sedangkan pada Reksa Dana Konvensional Campuran tidak ada variabel yang berpengaruh signifikan. Pada Reksa Dana Syariah Campuran, return rata-rata suku bunga 1 bulan dan return IHSG berpengaruh signifikan.

Penelitian lebih lanjur diperlukan untuk mengetahui pengaruh faktor-faktor lain diluar variabel dependen yang diteliti dalam mempengaruhi flow Reksa Dana.

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ABSTRACT
The objective of this research is to see the influence of the 1-month average rates on deposits, IHSG, and USD exchange rate toward the mutual fund flows of Fund Shares, Mutual Fund Shares, Balanced Fund managed by The Investment Manager of PT. XYZ. The research period dated from January 2010 to August 2014 using regression analysis.

The finding showed that each kind of Mutual Funds had different reaction towards Indonesia's economic movement. On The Mutual Funds of Fund Shares, the return variable of 1-month average deposits had no significant influence. Different finding resulted from Mutual Fund Shares, in which IHSG gave significant influence. While on Balanced Funds, there was no significant variable. On Sharia Balanced Funds, the return of 1-month interest rate and return of IHSG gave significant influence.

Further research is needed to know the influence of other factors beyond the observed dependent variable towards the flow of Mutual Funds.;The objective of this research is to see the influence of the 1-month average rates on deposits, IHSG, and USD exchange rate toward the mutual fund flows of Fund Shares, Mutual Fund Shares, Balanced Fund managed by The Investment Manager of PT. XYZ. The research period dated from January 2010 to August 2014 using regression analysis.

Abstrak :
Penelitian ini bertujuan untuk menganalisi hubungan jangka panjang credit default swap, US Treasury Bond, Kurs, dan IHSG terhadap yield obligasi negara denominasi USD. Penelitian dengan metode Vector Error Correction Model (VECM) menggunakan data harian yang terdiri dari yield Obligasi Negara denominasi USD, credit default swap 10tahun, nilai tukar, IHSG, dan tingkat bunga internasional periode bulan Januari 2015 sampai dengan Desember 2018. Metode yang digunakan adalah metode Vector Error Correction Model. Penelitian ini menunjukan bahwa untuk hubungan kointegrasi Periode Penuh antara tahun 2015-2018, output Johansen Cointegration menunjukan ada regresi kointegrasi semua variabel dalam jangka panjang. Berdasarkan olah data menggunakan granger causality, UST dan CDS memiliki hubungan satu arah terhadap IGB, IGB terhadap IDR serta CDS terhadap IHSG. Untuk hubungan kointegrasi antara tahun 2015-2016, output Johansen Cointegration Test menunjukan ada regresi kointegrasi variabel CDS, IDR dan IHSG pada Yield Obligasi Denominasi USD dalam jangka panjang. Berdasarkan olah data menggunakan granger causality, UST dan CDS memiliki hubungan satu arah terhadap IGB, serta CDS terhadap IHSG.

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This study analyses the long term relationship of credit default swap, us treasury bonds (ust), exchange rate, and composite stock price index variable to yield of the indonesia global bond in us dollar. It applies Vector Error Correction Model (VECM) using daily data consist of yield of the indonesia global bond in us dollar, credit default swap, us treasury bonds (ust), exchange rate, and composite stock price index in the period of January 2015 to December 2018. And uses method of Vector Error Correction Model. This study shows that for a cointegration relationship full period between years 2015-2018, output Johansen Cointegration regression showed cointegration means all variables move together in the long run. Based on the data if using granger causality, the relationship between UST and CDS to IGB has a 1-way relationship, include IGB to IDR, CDS to IHSG. For cointegration relationship sub period between years 2015-2016, output Johansen Cointegration regression showed cointegration in CDS, IDR and IHSG to IGB, means they move together in the long run. Based on the data if using granger causality, the relationship between UST and CDS to IGB has a 1-way relationship, include CDS to IHSG.