ASSESSING DANA PENSIUN PELINDO PURNAKARYA’S PORTOFOLIO INVESTMENT OF PENSION FUND

• Main Author: Indi Agustiana, Lia
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/44228
• Institution: Institut Teknologi Bandung

One of Employer Pension Fund in Indonesia is Dana Pensiun Pelindo Purnakarya (hereinafter referred to as "DP3") that deliver Defined Contribution Pension Program, which have total ending balance Net Asset in 2018 of Rp 168.46 billion. DP3 is in charge to manage the pension fund and a legal entity of PT Pelabuhan Indonesia III (Persero and affiliates. This institution was established in 2014 based on the Decision of the Board of Commissioners of the Financial Services Authority Number: KEP-141 / D.05 / 2014 dated October 20, 2014 concerning ratification of the Pension Pelindo Pensions. DP3’s ia a pension fund that offer Defined Contribution Pension Program have to fulfill aspiration founder and partner for sustainability pension plan. The target of investment results of DP3’s is not in accordance with the investment directives set by the founder. The Return on Investment (RoI) target of the Pension Fund in one year must be achieved by the management of at least 9% of the total investment average after deducting the investment expenses, employee and operational expenses. DP3’s also managing their portfolio with sharia principles appetite for an instrument of investment placement. Meanwhile, the founder expected the return of investment with the best placement portfolio management from conventional, not only limited in sharia instrument. For the year ended December 31, 2018, The RoI results achieved in one year was only 6.94%. Considering the level of risk and return in an optimal stock portfolio, to further improve the performance, DP3 can implement the optimization of combination stocks in LQ45 index using Solver tools, with specific weight from 6 sharia stocks CPIN 0.07%, PTBA 2.59%, UNTR 9.86%, ICBP 39.03%, BKSL 0.16%, UNVR 9.02%, and 3 conventional stocks BBCA 19.86%, SRIL 6.48%, BMRI 12.93%. From the stock portfolio is expected to provide return above Jakarta Composite Index (JCI) of 1.23% with the standard deviation under JCI of 2.53%. The RoI outcome after assessing the portfolio of stock with low risk option is become raised up to 8.37%.