REKSA DANA SAHAM INDONESIA: KINERJA DAN PERINGKATNYA
Abstract: A mutual fund is an
investment vehicle that is made up by a pool of money collected from investors
for the purpose of making trades in a portfolio of securities by investment
managers. One of several mutual funds in Indonesia is euqity funds that invrest
at least 80% of the portfolio’s value in listed stocks. The purpose of this
research is identify and determine the performance of Indonesia equity mutual
fundsand rank them by using the six commonlyused methods, namely Information
Ratio, Sharpe Measure Ratio, Jensen Ratio, Treynor Ratio, Sortino Ratio, and
Fama's Ratio. Selected samples are (1) equity mutual fundswhich active for five
consecutive years during 2008-2012 period, (2) managed by an investment manager
with a number managed funds over Rp500 billion, and (3) equity mutual fund with
average return above the market return. The results showed that the RDS Panin
Dana Maksima has the highest performance, while RDS NISP Progressive Stock
Index is the lowest order performance. Itis also found that only 5 equity funds
that have performed above average(outperform) in the order of the best, namely RDS
Panin Dana Maksima, RDS Panin Dana Prima, RDS Syailendra Equity Opportunity
Fund, Grow RDS-2-Prosper, RDS GMT Equity Fund.
Keywords: Equity funds,
performance measurement, rank
Penulis: Nicodemus Simu
Kode Jurnal: jpmanajemendd151618
