The effect of asset allocation on financial performance pension fund
An analysis in indonesia
Keywords:
Asset Allocation, Financial Performance, Pension Fund in IndonesiaAbstract
The research aims to test the influence of 4 (four) asset classes: Time Deposits, Government Securities, Shares, and Corporate Bonds on the financial performance of Pension Funds in Indonesia. The research uses secondary data from OJK data with a quantitative type, which is related to the parameters of 4 asset classes: Time Deposits, Government Securities, Shares, and Corporate Bonds, as well as ROI data. The quantitative data that will be studied is annual periodic data sourced from financial reports from 31 December 2018 to 31 December 2022 or for five years. Research Results ShowInvestment in Time Deposits has a negative and significant influence on Return On Investment in Pension Funds in Indonesia, Investment in Government Securities has a positive and considerable influence on Return On Investment in Pension Funds in Indonesia, Investment in Shares has a negative and significant influence on Return On Investment in Pension Funds in Indonesia, shares increase, there will be a decrease in the level of Return on Investment, and statistically this has a significant influence. Investment in Corporate Bonds positively and significantly influences the Return On Investment of Pension Funds in Indonesia. If tested together, the results are investment in time deposits, investment in government securities, investment in shares, and investment in corporate bonds. Has the same positive and significant effect on Return On Investment in Pension Funds in Indonesia for the 2018-2022.
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References
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