-, Alfiyah (2018) 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 – 2015). Sarjana thesis, Universitas Brawijaya.
Abstract
Pasar modal (capital market) adalah sarana untuk tempat bertemunya pihak yang memiliki kelebihan dana (surplus fund) dengan pihak yang kekurangan dana (deficit funds), dimana yang ditawarkan pada pasar modal memerlukan perhitungan keuangan jangka panjang. Pasar modal menawarkan beberapa produk portofolio salah satunya Reksa dana saham. Reksa dana saham (equity funds) adalah reksa dana yang melakukan investasi sekurang-kurangnya 80% dari aktivanya dalam bentuk efek bersifat ekuitas. Metode pada Risk Adjusted Return yang biasa digunakan dalam melakukan pengukuran kinerja portofolio antara lain adalah Treynor dan Jensen. Tujuan penelitian ini adalah memberikan kesimpulan terhadap kinerja reksa dana saham dengan IHSG sebagai pembanding. Jenis penelitian yang dilakukan adlah deskriptif dengan pendekatan kuantitatif. Hasil dari penelitian ini yaitu reksa dana saham dianalisis dengan menggunakan metode Trynor dan Jensen serta dibandingkan dengan IHSG yang layak dijadikan pilihan investasi. Periode pengamatan pada penelitian ini dimulai tahun 2011 sampai 2015. Berdasarkan metode Treynor, sebanyak 35 reksa dana saham dan metode Treynor sebanyak 39 reksa dana saham mampu menghasilkan nilai yang positif pada tahun 2011. Berdasarkan metode Treynor, sebanyak 23 reksa dana saham dan metode Treynor sebanyak 15 reksa dana saham mampu menghasilkan nilai yang positif, artinya bahwa pada tahun 2012. Berdasarkan metode Treynor, sebanyak 23 reksa dana dana saham dan metode Treynor sebanyak 27 reksa dana saham mampu menghasilkan nilai yang positif, artinya bahwa pada tahun 2013. Berdasarkan metode Treynor, sebanyak 43 reksa dana saham dan metode Treynor sebanyak 4 reksa dana saham mampu menghasilkan nilai yang positif, artinya bahwa pada tahun 2014. Berdasarkan metode Treynor, sebanyak 12 reksa dana dana saham dan metode Treynor sebanyak 20 reksa dana saham mampu menghasilkan nilai yang positif, sedikitnya nilai positif yg terjadi pada tahun 2015. Selama periode pengamatan 2011 sampai 2015 Nilai kinerja reksa dana pendapatan tetap tidak terdapat reksa dana yang konsisten menghasilkan berkinerja positif, namun terdapat 1 reksa dana yang memiliki kinerja Outperform disbanding IHSG yaitu reksa dana saham tetap selama 3 tahun yaitu reksa dana saham Panin Dana Prima yang layak dijadikan pilihan berinvestasi di tahun 2015.
English Abstract
The capital market is a means for meeting parties who have excess funds (surplus funds) with those who lack funds (deficit funds), where those offered on the capital market require long-term financial calculations. 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 results of this study are stock mutual funds analyzed using the Trynor and Jensen method and compared to the JCI which is worth making investment choices. The observation period in this study began in 2011 to 2015. Based on the Treynor method, as many as 35 equity funds and Treynor methods as many as 39 mutual funds were able to produce a positive value in 2011. Based on Treynor's method, as many as 23 equity funds and Treynor methods as much as 15 stock mutual funds are able to produce positive values, meaning that in 2012. Based on Treynor's method, as many as 23 mutual fund funds and Treynor methods as many as 27 mutual funds are able to produce positive values, meaning that in 2013. Based on Treynor's method, as many as 43 equity funds and Treynor methods as many as 4 equity funds are able to produce positive values, meaning that in 2014. Based on Treynor's method, as many as 12 mutual fund funds and Treynor methods as many as 20 mutual funds are able to produce positive values, at least positive value that occurred in 2015. During the 2011 s observation period Until 2015, the performance of fixed income mutual funds does not have mutual funds that consistently produce positive performance, but there is one mutual fund that has an Outperform performance compared to the JCI, namely a 3-year fixed stock mutual fund, harvest maxima funds 2015
Other obstract
-
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FIA/2019/77/051905997 |
| Subjects: | 300 Social sciences > 332 Financial economics > 332.6 Investment |
| Divisions: | Fakultas Ilmu Administrasi > Ilmu Administrasi Bisnis / Niaga |
| Depositing User: | Nur Cholis |
| Date Deposited: | 12 Oct 2020 08:06 |
| Last Modified: | 28 Oct 2021 02:40 |
| URI: | http://repository.ub.ac.id/id/eprint/172393 |
Preview |
Text
ALFIYAH (2).pdf Download (6MB) | Preview |
Actions (login required)
 |
View Item |