| Summary: | Mutual Fund can be used as an alternative investment amongst savings
accounts, time deposits, stocks and bonds. Mutual fund is an investment that has a
form as a collective contract investment and managed by the professionals. There
is a various choice of mutual funds in the market therefore
investorsshouldcarefullychoose mutualfundsthat can provide the optimalReturn.
This study aims toanalyze the performance ofequity fundstoprovide an
overviewfor investorswhowant to investinmutual funds.
The writer conducted a study of 24 equity funds that exist in Indonesia for
the period December 31, 2006 until December 31, 2011.
First, the writer calculates all mutual funds according to their performance based
on Sharpe and Treynor method. Mutual fund that outperforms market
performance considered as superior mutual fund, and then to find out whether
there is any consistency in the performance of mutual funds will be conducted by
probability method which shows the consistency of 54.69%. Then ranking will be
made started from the best to the worst mutual fund.
The best mutual fund is a mutual fund that seeded at least three times
superior position over five years of the research period based on Sharpe methods
and Treynor methods. The best mutual funds are mutual fund that obtains the
highest rank according to the two methods. The following rank is the rank of
equity-based mutual funds with superior performance: Panin Dana Maksima,
BNP Paribas Pesona, CIMB Principal Equity Aggressive, Dana Ekuitas Prima,
First State Dividend Yield, First State Indo Equity, Schroder Dana Prestasi,
Schroder Dana Istimewa and TRIMKapital.
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