PERFORMANCE ANALYSIS OF MONEY MARKET MUTUAL FUNDS, FIXED INCOME MUTUAL FUNDS, MIXED MUTUAL FUNDS, AND STOCK MUTUAL FUNDS IN INDONESIA DURING THE 2015-2020 PERIOD

Jessica Claudia Mawikere

Abstract

Mutual funds as one of the investment instruments in Indonesia continue to grow and try to provide product choices with the maximum possible return. Investors need good mutual fund knowledge in order to be able to take the right steps according to the type of each investor in investing. This research aims to analyze the performance of money market mutual funds, fixed income mutual funds, mixed mutual funds, and stock mutual funds in Indonesia in the period 2015-2020. This performance measurement is done using Sharpe's Measure, Treynor's Measure, Jensen's Measure, and Appraisal Ratio. The results showed that it is not easy to maintain the best fixed mutual fund performance. While the worst performance for each year has similarities in certain mutual fund products.
Keywords: Performance, Money Market Mutual Funds, Fixed Income Mutual Funds, Mixed Mutual Funds, Stock Mutual Funds, Sharpe, Treynor, Jensen, Appraisal Ratio.

Full Text:

PDF

References

Bodie, Z., Kane, A., & Marcus, A. J. (2008). Investment and portfolio management. Singapore: McGraw Hill.

Indah, N. (2010). Analisis kinerja reksa dana saham dan reksa dana pendapatan tetap di indonesia periode 2004-2008. Tesis, Program Magister Manajemen, Fakultas Ekonomi Universitas Indonesia.

Indiastuti, F. (2008). Evaluasi terhadap kinerja reksa dana saham dan pembentukan portofolio optimal pada instumen reksa dana saham= Equity mutual fund performance evaluation and optimal portfolio construction of equity mutual fund.

Ismiyanti, F. (2004). Struktur Kepemilikan, Risiko, Dan Kebijakan. Jurnal Ekonomi Dan Bisnis Indonesia, 19(2004).

Lubis, R., & Fatma. (2005). Analisis kinerja reksadana saham di indonesia berdasarkan metode sharpe dan hubungannya dengan umur reksa dana. Tesis, Program Magister Manajemen, Fakultas Ekonomi Universitas Indonesia.

Pratomo, Eko P. (2008). Berwisata ke Dunia Reksa Dana. Gramedia Pustaka Utama.

Pratomo, Eko Priyo. (2001). Reksa dana: solusi perencanaan investasi di era modern. Gramedia

Pustaka Utama.

Pratomo, Eko Priyo, & Nugraha, U. (2009). Reksa Dana: Solusi Perencanaan Investasi di Era

Modern, edisi revisi ke-2. Jakarta: Gramedia Pustaka Utama.

Reilly, F. K., & Brown, K. C. (2011). Investment Analysis and Portfolio Management (Text

Only). Cengage Learning.

Refbacks

  • There are currently no refbacks.