ANALYSIS OF INDONESIAN EQUITY FUND PERFORMANCE (Study of 9 Equity Funds 2007 – 2009 Period)

0611011110, Rani Kusuma Wijayanti ANALYSIS OF INDONESIAN EQUITY FUND PERFORMANCE (Study of 9 Equity Funds 2007 – 2009 Period). Digital Library.

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Abstrak

ABSTRACT Investors will face many obstacles when investing their funds. Some of them are lack of fund, knowledge and time to manage it. Equity funds emerge as the solution for the investors so that they don't find any difficulties in investing. Mutual fund industries have an interesting phenomenon to be observed in the 2007-2009 period because the global crisis swept the world in 2008. From the several types of mutual fund, equity fund are the most affected from global crisis. The research question in this paper is about the performance of equity fund during the study period and whether the average monthly return of equity funds outperformed the average monthly market return (JCI) in 2007-2009 period. The purpose of this study is to examine Indonesian equity funds performance in the 2007-2009 period. It also finds the statistical difference between average monthly return of equity funds and JCI. Based on 2nd research question, the hypothesis in this study is the average monthly return of Indonesian equity funds outperformed the average monthly return of JCI. This study used 9 samples of equity fund which are selected based on purposive sampling judgment. Then performance of nine equity funds will be calculated applying Sharpe Ratio method. Meanwhile, the statistical tests the difference of average monthly return of equity funds with JCI will use a testing one sample t-test. Performance of nine equity funds in Indonesia, which is calculated using Sharpe Ratio shows that in 2007, Fortis Ekuitas (BNP Paribas Ekuitas) have the best performance, whereas the worst performance is Panin Dana Maksima. Calculation of performance in 2008, Panin Dana Maksima has the best performance, while the worst is Manulife Dana Saham. In the 2009 an equity fund who has the best performance is Schroder Dana Prestasi PlusFund and the worst is TRIM Kapital. During period 2007-2009, an equity fund that has the best performance is Panin Dana Maksima and the worst is TRIM Kapital. The average monthly return of equity fund and the average monthly return of JCI which compared with a statistical testing one sample t-test showed t-count is smaller than t-table throughout the years of research that is 2007-2009 period. It shows that the average monthly return of each equity fund and the average monthly return of JCI did not significantly different. Keyword : Investment, Mutual Fund, Performance

Tipe Karya Ilmiah: Artikel
Subyek: A General Works = Karya Karya Umum
Depositing User: UPT . TIK4
Date Deposited: 08 Jan 2016 09:22
Last Modified: 08 Jan 2016 09:22
URI: http://digilib.unila.ac.id/id/eprint/16753

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