Analysis of the Effect of Asset Allocation on Portfolio Performance with Diversification as an Intervening Variable

Autor:	Dipa Teruna Awaludin, null Hasanudin, Faysal Deni Rahman
Rok vydání:	2021
Zdroj:	International Journal of Science and Society. 3:30-39
ISSN:	2715-8780
DOI:	10.54783/ijsoc.v3i3.350
Popis:	This study aims to analyze the effect of asset allocation on portfolio performance with diversification as an intervening variable in the Pension Fund, a non-bank financial institution that manages the pension program and is registered and supervised by the Financial Services Authority (OJK) in the 2016-2019 period. A total of 34 Pension Funds were sampled so that the total sample was 136 in the 2016-2019 period. Data analysis using Structural Equation Modeling (SEM). The results showed that Selection Ability and Fund Size had a significant effect on Diversification, while Timing Ability had a significant effect on Portfolio Performance. Intervening test using Sobel Test shows that Diversification has not been able to mediate Asset Allocation on Portfolio Performance.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::83a0019c5f1b3d2e44fbdbda01ab31df https://doi.org/10.54783/ijsoc.v3i3.350 Zobrazit plný text záznamu