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"This study focuses on the behavior of open-ended mutual fund investors when encountered withmultiple information signals of mutual fund?s historical performance. The behavior of investors canbe reflected on their decision to subscribe or redeem their funds from mutual funds. Moreover, we observethe presence of ambiguity within investors due to multiple information signals, and their reactiontowards it. We apply a Fama-McBeth Regression technique for equity mutual funds, fixed incomemutual funds, and balanced mutual funds that are effective during the period of February 2010 untilFebruary 2015. Our finding shows that open-ended mutual fund investors do not only have sensitivitytowards past performance information signals, but also have additional sensitivity towards theambiguity of multiple information signals. Because of the presence of ambiguity, investors considermore on negative information signals and the worst information signal in their investment decisions."

"The success of Indonesian mining industry cannot be separated from the effort to improve mining policies which has attracted considerable number of foreign investment. Further improvement is required to accommodate future exploration and mining to be able to meet both national and investor interest. In the future, mineral exploration in Indonesia will be influenced by tighter space arrangement regulation. It is therefore recommended that people from mining industry could intensify exploration as well as mining development without damaging the environment. Besides that, they should be able to maintain important mineralized areas as mining areas."