ANALISIS KINERJA INVESTASI   REKSA DANA SAHAM (EQUITY FUNDS) DENGAN MENGGUNAKAN METODE TREYNOR DAN JENSEN  (Studi Pada Reksa Dana Saham Yang Terdaftar Pada BAPEPAM Tahun 2011 â€“ 2015)

Alfiyah Alfiyah; Moch Dzulkirom AR; Sri Mangesti Rahayu

Authors

Alfiyah Alfiyah
Moch Dzulkirom AR
Sri Mangesti Rahayu

Abstract

The capital market offers several portfolio products, one of which is stock mutual funds. Equity funds are equity funds that invest at least 80% of their assets in the form of equity securities. The Risk Adjusted Return method commonly used in measuring portfolio performance includes Treynor and Jensen. The purpose of this study is to provide conclusions on the performance of stock mutual funds with JCI as a comparison. The type of research conducted is descriptive with a quantitative approach. The location of the research and data collection was carried out in the Investment Gallery of the Indonesia Stock Exchange, Faculty of Economics and Business, Brawijaya University Malang, having its address at Jalan MT. Haryono 165 Malang. Secondary data sources in this study were obtained from the official Bapepam mutual fund website (www.aria.bapepam.go.id) in the period 2011-2015. Comparative return data is the development of monthly Composite Stock Price Index (IHSG) obtained from the official website of the Indonesia Stock Exchange (IDX), namely www.idx.co.id with the observation period of 2011-2015. Risk free used in this study is the BI Rate. Data on the BI Rate for the period 2011-2015 is obtained from the official Bank Indonesia website, www.bi.go.id.

KÐµywords: Performance, Equity Funds

ÐBSTRÐK

Pasar modal mÐµnawarkan bÐµbÐµrapa produk portofolÑ–o salah satunya RÐµksa dana Â saham. RÐµksa dana saham (ÐµquÑ–ty funds) adalah rÐµksa dana yang mÐµlakukan Ñ–nvÐµstasÑ– sÐµkurang-kurangnya 80% darÑ– aktÑ–vanya dalam bÐµntuk ÐµfÐµk bÐµrsÑ–fat ÐµkuÑ–tas. MÐµtodÐµ pada RÑ–sk AdjustÐµd RÐµturn yang bÑ–asa dÑ–gunakan dalam mÐµlakukan pÐµngukuran kÑ–nÐµrja portofolÑ–o antara laÑ–n adalah TrÐµynor dan JÐµnsÐµn. Tujuan pÐµnÐµlÑ–tÑ–an Ñ–nÑ– adalah mÐµmbÐµrÑ–kan kÐµsÑ–mpulan tÐµrhadap kÑ–nÐµrja rÐµksa dana saham dÐµngan Ð†HSG sÐµbagaÑ– pÐµmbandÑ–ng. JÐµnÑ–s pÐµnÐµlÑ–tÑ–an yang dÑ–lakukan adlah dÐµskrÑ–ptÑ–f dÐµngan pÐµndÐµkatan kuantÑ–tatÑ–f. LokasÑ– pÐµnÐµlÑ–tÑ–an dan pÐµngambÑ–lan data dÑ–lakukan dÑ– GalÐµrÑ– Ð†nvÐµstasÑ– Bursa Ð•fÐµk Ð†ndonÐµsÑ–a Fakultas Ð•konomÑ– dan BÑ–snÑ–s UnÑ–vÐµrsÑ–tas BrawÑ–jaya Malang yang bÐµralamat dÑ– Jalan MT. Haryono 165 Malang. SumbÐµr data sÐµkundÐµr dalam pÐµnÐµlÑ–tÑ–an Ñ–nÑ– dÑ–pÐµrolÐµh darÑ– wÐµbsÑ–tÐµ rÐµsmÑ– BapÐµpam khusus rÐµksadana (www.arÑ–a.bapÐµpam.go.Ñ–d) pada pÐµrÑ–odÐµ 2011-2015. Data rÐµturn pÐµmbandÑ–ng yaÑ–tu pÐµrkÐµmbangan Ð†ndÐµks Harga Saham Gabungan (Ð†HSG) bulanan yang dÑ–pÐµrolÐµh darÑ– wÐµbsÑ–tÐµ rÐµsmÑ– Bursa Ð•fÐµk Ð†ndonÐµsÑ–a (BÐ•Ð†) yaÑ–tu www.Ñ–dx.co.Ñ–d dÐµngan pÐµrÑ–odÐµ pÐµngamatan 2011-2015. RÑ–sk frÐµÐµ yang dÑ–gunakan dalam pÐµnÐµlÑ–tÑ–an Ñ–nÑ– adalah BÐ† RatÐµ. Data BÐ† RatÐµ pÐµrÑ–odÐµ 2011-2015 dÑ–pÐµrolÐµh darÑ– wÐµb rÐµsmÑ– Bank Ð†ndonÐµsÑ–a yaÑ–tu www.bÑ–.go.Ñ–d.

KÐ°tÐ° KuncÑ–: KÑ–nÐµrja, RÐµksa dana Saham

ANALISIS KINERJA INVESTASI REKSA DANA SAHAM (EQUITY FUNDS) DENGAN MENGGUNAKAN METODE TREYNOR DAN JENSEN (Studi Pada Reksa Dana Saham Yang Terdaftar Pada BAPEPAM Tahun 2011 â€“ 2015)

Authors

Abstract

Downloads

Published

Issue

Section

Developed By

Information