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Development and Setting of Mutual Funds in Indonesia

Author

Listed:
  • Paramita Prananingtyas
  • Indira Ahimsari Soetomo

Abstract

Purpose: This paper discusses the development of mutual funds in Indonesia and the regulation and supervision of investment managers and custodian banks in mutual funds. Approach/Methodology/Design: The paper is based on research using the juridical normative research method. Findings: The conclusion of this paper is that mutual funds in Indonesia are developing very dynamically in order to meet the interests of public investors and the regulation and supervision of investment managers and custodian banks are also very good for the interests of public investors. Practical Implications: In practice, there are forms of mutual funds in the form of corporations and Collective Investment Contracts. Practically, mutual funds require the profession of investment managers and custodian banks. Originality/value: The study conceptually explore the mutual fund as a form of collecting funds from the public which is regulated through capital market regulations in Indonesia.

Suggested Citation

  • Paramita Prananingtyas & Indira Ahimsari Soetomo, 2020. "Development and Setting of Mutual Funds in Indonesia," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 344-351.
    • Handle: RePEc:ers:ijebaa:v:viii:y:2020:i:3:p:344-351
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    References listed on IDEAS

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    1. Lucian A. Bebchuk & Alma Cohen & Scott Hirst, 2017. "The Agency Problems of Institutional Investors," Journal of Economic Perspectives, American Economic Association, vol. 31(3), pages 89-102, Summer.
    2. Feng, Xunan & Johansson, Anders C., 2015. "Can mutual funds pick stocks in China? Evidence from the IPO market," Journal of Banking & Finance, Elsevier, vol. 55(C), pages 170-186.
    3. Leonard Kostovetsky, 2016. "Whom Do You Trust?: Investor-Advisor Relationships and Mutual Fund Flows," The Review of Financial Studies, Society for Financial Studies, vol. 29(4), pages 898-936.
    4. Adams, John C. & Nishikawa, Takeshi & Rao, Ramesh P., 2018. "Mutual fund performance, management teams, and boards," Journal of Banking & Finance, Elsevier, vol. 92(C), pages 358-368.
    5. Chen, Fan & Sanger, Gary C. & Slovin, Myron B., 2013. "Asset sales in the mutual fund industry: Who gains?," Journal of Banking & Finance, Elsevier, vol. 37(12), pages 4834-4849.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Mutual Funds; types of mutual funds; Investment managers; custodian banks.;
    All these keywords.

    JEL classification:

    • K2 - Law and Economics - - Regulation and Business Law

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