PERFORMANCE MEASURES EVALUATION OF EQUITY FUNDS BEFORE AND DURING COVID-19 PANDEMIC
Mutual Fund is an investment alternative for investors who have limited knowledge to select the good stocks and less time manage them to make return. Equity fund is the type of mutual fund with highest investment risk but highest potential return. Especially during pandemic situation, the stocks’...
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| Format: | Theses |
| Language: | Indonesia |
| Subjects: | |
| Online Access: | https://digilib.itb.ac.id/gdl/view/57411 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | Mutual Fund is an investment alternative for investors who have limited knowledge
to select the good stocks and less time manage them to make return. Equity fund is
the type of mutual fund with highest investment risk but highest potential return.
Especially during pandemic situation, the stocks’ prices very fluctuate causing the
net asset value of equity funds become more fluctuate.
The knowledge on how to select the best equity funds which perform well at both
normal condition and during pandemic situation is very important and urgent.
Otherwise, the investors can suffer a substantial loss.
The end goal of this research is to know how to select the best equity funds which
perform well at both before pandemic and during pandemic situation. This research
discusses the performance measures evaluation for raw return Average monthly
return which does not consider risk, and the major risk adjusted performance
measures that combine risk and return performance into a single value include risk
of monthly return, Sharpe Ratio, Jensen’s Alpha, Treynor Ratio, Information Ratio,
and Market Timing Ability
By having the knowledge on how to select the best performance of equity funds, an
investor will avoid a suffer of substantial loss. |
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