INTRODUCTION THE PERFORMANCE EVALUATION OF INDONESIA EQUITY MUTUAL FUND USING THE SNAIL-TRAIL METHOD (Period 2006 to 2010).
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Stationarity test of Augmented Dickey-Fuller is used as basic test for a non-stationarity of each variable used, the mean model developed by Autoregressive Moving Average
This result does not support Ho (null hypothesis) where the investor sentiment (which is measured by return of equity mutual fund) is not affecting the excess return in
The difference of this study to the former research is that the researcher is more focused his research on the number of customers and third-party funds which both are included as parts