THE COMPARATIVE ANALYSIS OF EQUITY MUTUAL FUND PERFORMANCE BY DANAREKSA MAWAR, SCHRODER DANA PRESTASI PLUS, DAN PANIN DANA MAKSIMA THROUGH THE METHOD OF SHARPE, TREYNOR, AND JENSEN

Keriahen, Justina and Kamaludin, Kamaludin (2012) THE COMPARATIVE ANALYSIS OF EQUITY MUTUAL FUND PERFORMANCE BY DANAREKSA MAWAR, SCHRODER DANA PRESTASI PLUS, DAN PANIN DANA MAKSIMA THROUGH THE METHOD OF SHARPE, TREYNOR, AND JENSEN. Undergraduated thesis, Fakultas Ekonomi UNIB.

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Abstract

This research is meant to identify the performance generated by the first Equity Fund in Indonesia, the largest funds under management of Mutual Funds, and it the most expensive in Indonesia. The study used secondary data published by Bapepam, the E-Trading Securities HOTS, and Bank Indonesia. The study was conducted in the period 2008-2010. The samples studied of research is Mutual Funds which the first stocks in Indonesia and is a state-owned enterprises in Indonesia is Danareksa Mawar, Schroder Dana Prestasi Plus which is the largest fund under management, and Panin Dana Maksima which is a Unit Investment Fund which has the highest prices in Indonesia. Mutual Fund Performance measurement is based on the method of Sharpe, Treynor, and Jensen. The results of this study obtained the mutual fund return is higher than its benchmark. While based on the calculation of mutual fund performance using Sharpe, Treynor, and Jensen found that the performance of Mutual Funds of the most high and the optimum is Panin Dana Maksima which an Investment Fund at a price most expensive units in Indonesia. Conclusions in this study which suggested that investors invest in Mutual Funds which provides the best performance and conduct performance appraisals not only see the NAV / unit alone but make an assessment based on measurement of Sharpe, Treynor, and Jensen.

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