| dc.contributor.advisor | Lubis, Deni | |
| dc.contributor.author | Rafi, Arrasyid Putra | |
| dc.date.accessioned | 2026-07-22T00:44:33Z | |
| dc.date.available | 2026-07-22T00:44:33Z | |
| dc.date.issued | 2026 | |
| dc.identifier.uri | http://repository.ipb.ac.id/handle/123456789/175317 | |
| dc.description.abstract | Reksa dana BNP Paribas Greater China Equity Syariah USD Kelas RK1 mencatat volatilitas NAV sebesar 55 persen dari nilai puncaknya selama 2021– 2025. Penelitian ini menganalisis determinan makroekonomi NAV menggunakan data bulanan Januari 2021–Desember 2025 melalui metode VAR-FD, IRF, dan FEVD. Hasil VAR-FD menunjukkan tidak ada variabel makroekonomi yang berpengaruh signifikan secara individual terhadap NAV dalam jangka pendek, dengan efek persistensi internal NAV yang dominan. Analisis IRF menunjukkan respons positif NAV terhadap guncangan USD/IDR dan USD/CNY, serta respons negatif jangka pendek terhadap US10YTY yang berbalik positif pada jangka menengah. Analisis FEVD menunjukkan own-shock NAV mendominasi varians (78,46 persen), diikuti USD/CNY (13,24 persen), USD/IDR (6,08 persen), dan US10YTY (2,22 persen). Investor disarankan memprioritaskan pemantauan nilai tukar renminbi sebagai indikator utama pergerakan NAV reksa dana ekuitas kawasan Greater China. | |
| dc.description.abstract | The BNP Paribas Greater China Equity Sharia USD Class RK1 mutual fund recorded NAV volatility of 55 percent from its peak value during 2021–2025. This study analyzed the macroeconomic determinants of NAV using monthly data from January 2021–December 2025 using the VAR-FD, IRF, and FEVD methods. The VAR-FD results indicate that no macroeconomic variables have a significant individual effect on NAV in the short term, with the NAV internal persistence effect being dominant. The IRF analysis shows a positive NAV response to USD/IDR and USD/CNY shocks, as well as a short-term negative response to US10YTY that turns positive in the medium term. The FEVD analysis shows that own-shock NAV dominates the variance (78.46 percent), followed by USD/CNY (13.24 percent), USD/IDR (6.08 percent), and US10YTY (2.22 percent). Investors are advised to prioritize monitoring the renminbi exchange rate as a key indicator of NAV movements in Greater China equity mutual funds. | |
| dc.description.sponsorship | | |
| dc.language.iso | id | |
| dc.publisher | IPB University | id |
| dc.title | Pengaruh Variabel Makroekonomi Global Terhadap NAV Reksa Dana Syariah Greater China: Studi Kasus BNP Paribas 2021-2025 | id |
| dc.title.alternative | | |
| dc.type | Skripsi | |
| dc.subject.keyword | teori penetapan harga arbitrase | id |
| dc.subject.keyword | fungsi respons impuls | id |
| dc.subject.keyword | nilai aktiva bersih | id |
| dc.subject.keyword | Reksa Dana Syariah | id |
| dc.subtype | Undergraduate Theses | |
