Laili, NurZahrotul (2011) Kinerja Reksadana sebagai Dasar Keputusan Investasi (Studi pada PT. Trimegah Securities Tbk Malang). Magister thesis, Universitas Brawijaya.
Abstract
Penelitian ini menganalisis (1). Kinerja reksadana yang diperdagangkan PT. Trimegah Securities Tbk Malang dengan menggunakan metode Sharpe, Treynor dan Jensen, (2). Dasar keputusan investor PT. Trimegah Securities Tbk Malang dalam mengambil keputusan investasi reksadana setelah mengetahui hasil perhitungan kinerja reksadana dengan menggunakan metode Sharpe, Treynor dan Jensen. Penelitian ini menggunakan pendekatan kualitatif-positivis. Penelitian kualitatif-positivis adalah pendekatan penelitian yang mengkombinasikan antara pendekatan penelitian positivis dan pendekatan penelitian non-positivis. Hasil penelitian ini menunjukkan temuan bahwa : (1). Pengukuran kinerja reksadana menggunakan metode Sharpe menunjukkan kinerja TRIM Kapital Plus, TRIM Kapital dan TRIM Syari`ah Saham memiliki kinerja yang bagus dibanding dengan kinerja reksadana lain yang diperdagangkan PT. Trimegah Securities Tbk Malang, kinerja reksadana saham menggunakan metode Treynor yang memiliki nilai Treynor tertinggi adalah TRIM Kapital Plus, kinerja reksadana saham dengan menggunakan metode Jensen pada tahun 2009 tertinggi adalah TRIM Kapital sedangkan pada tahun 2010 tertinggi adalah TRIM Syari`ah Saham (2). Pengambilan keputusan investasi oleh Investor PT. Trimegah Securities Tbk Malang di kategorikan dalam tiga jenis yaitu: Investor risk seeker , maka lebih memilih reksadana jenis saham yaitu TRIM Kapital Plus karena memiliki tingkat return yang tinggi meskipun memiliki tingkat risiko yang tinggi juga. Investor yang memilih reksadana jenis saham ini cenderung investor yang berinvestasi untuk jangka panjang, Investor risk neutral di PT. Trimegah Securities Tbk Malang maka lebih memilih reksadana campuran yaitu TRIM Kombinasi 2 dan TRIM syari`ah Berimbang dan Investor risk averter di PT. Trimegah Securities Tbk Malang maka lebih memilih reksadana pasar uang yaitu TRIM Kas 2 karena Nilai Aktiva Bersih (NAB) TRIM Kas 2 stagnan dibandingkan dengan jenis reksadana lainnya.
English Abstract
The objective of research is to analyze (1) the performance of Mutual Fund traded by PT. Trimegah Securities Tbk Malang using Sharpe, Treynor and Jensen methods; and (2) the base of investors` decision at PT. Trimegah Securities Tbk Malang in making decision of Mutual Fund investment after understanding the performance rate of Mutual Fund using Sharpe, Treynor and Jensen methods. Research uses positivist-qualitative approach. This approach involves the combination between positivist and non-positivist approaches. Result of research indicates as follows: (1) The measurement of the performance of Mutual Fund using Sharpe method shows that the performance of TRIM Kapital Plus, TRIM Kapital and TRIM Syari`ah Saham is better than the performance of other Mutual Fund traded by PT. Trimegah Securities Tbk Malang. The measurement of stock mutual fund performance by Treynor method shows that the highest Treynor value is obtained by TRIM Capital Plus. The stock mutual fund as measured by Jensen method in 2009 produces the highest value shown by TRIM Kapital, while the measurement in 2010 produces the highest value shown by TRIM Syari`ah Saham. (2) The investment decision by the investors at PT. Trimegah Securities Tbk Malang is divided into three categories. Risk seeker investors are selecting the stock type of mutual fund, such as TRIM Kapital Plus, because of its high return rate, despite its high risk rate. Investors who select the stock type of mutual fund tends to be those with long-term investment . Neutral risk investors at PT. Trimegah Securities Tbk Malang are more willing to select the mixed mutual fund, such as TRIM Kombinasi 2 and TRIM Syari`ah Berimbang. Finally, risk averter investors at PT. Trimegah Securities Tbk Malang often prefer monetary market mutual fund such as TRIM Kas 2 because the Net Asset Value (NAB) of TRIM Kas 2 is more stagnant compared to other mutual funds.
| Item Type: | Thesis (Magister) |
|---|---|
| Identification Number: | TES/332.632 7/LAI/k/041104570 |
| Subjects: | 300 Social sciences > 332 Financial economics > 332.6 Investment |
| Divisions: | S2/S3 > Magister Manajemen, Fakultas Ekonomi dan Bisnis |
| Depositing User: | Endro Setyobudi |
| Date Deposited: | 28 Nov 2011 09:42 |
| Last Modified: | 28 Nov 2011 09:42 |
| URI: | http://repository.ub.ac.id/id/eprint/155789 |
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