ANALISIS KINERJA REKSADANA MENGGUNAKAN METODERISK ADJUSTED PERFORMENCE(Studi Pada Perusahaan Sekuritas Yang Terdaftar di BEI 2008-2009)

RENI, ANGGRAENI (2010) ANALISIS KINERJA REKSADANA MENGGUNAKAN METODERISK ADJUSTED PERFORMENCE(Studi Pada Perusahaan Sekuritas Yang Terdaftar di BEI 2008-2009). Other thesis, University of Muhammadiyah Malang.

[img]
Preview
Text
ANALISIS_KINERJA_REKSADANA_MENGGUNAKAN_METODERISK_ADJUSTED_PERFORMENCE.pdf

Download (95kB) | Preview

Abstract

Mutual Funds is an investment alternative for investors, particularly small investors and other investors who have not much time and expertise to calculate risks on their investment. The research titled “Analyze of Mutual Funds Performance by Using Risk Adjusted Method” aimed to analyze the performance of Contract Investment Collective money market mutual funds activities by using adjusted method. This research using descriptive method where the statistical analyzing counted manually with Microsoft Excel guidances. While the data’s used in form of monthly data Net Asset Value per Unit of Investment (NAV/Unit), data Composite Stockthan Price Index (CSPI) in Indonesia Stock Exchange and data on interest rate Bank Indonesia Certificates (SBI) monthly period May 2008 – June 2009, based on grouping of Asset Under Management (AUM) from Center for Mutual Funds Information as Sharpe Ratio, Treynor Ratio, Jensen Ratio and Black & Treynor Ratio.. From the result, we concluded that the performance evaluation of mutual funds which calculated by Black and Treynor Ratio showed as the most effective method than the others. It caused those calculation more focus on market risk level and more specific for Buy and Hold Model. Based on the calculation of statistical test, the most stable and healthy mutual funds product than five others is BIG Dana Lancar which is managed by Investation Manager of PT. bhakti Asset management. It caused this mutual funds has a positive return value and react to small and specific market risks. Research on performance of mutual fund gives some benefits for most people, actually investor and investment manager. A lot of information was given to ease an access and investation act easier in the future.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Faculty of Economic > Department of Management
Depositing User: Rayi Tegar Pamungkas
Date Deposited: 23 May 2012 03:53
Last Modified: 23 May 2012 03:53
URI: http://eprints.umm.ac.id/id/eprint/5749

Actions (login required)

View Item View Item