ANALISA KINERJA REKSADANA PT. DANAREKSA INVESTMENT MANAGEMENT SELAMA PERIODE KRISIS GLOBAL (TAHUN 2007 SAMPAI DENGAN TAHUN 2009)

• Main Authors: , Feni Amelia, , Dr. Hardo Basuki, M.Soc. Sc, Ak
• Format: Theses and Dissertations NonPeerReviewed
• Published: [Yogyakarta] : Universitas Gadjah Mada 2012
• Subjects: ETD
• Online Access: https://repository.ugm.ac.id/98222/; http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=52126
• Institution: Universitas Gadjah Mada

Mutual funds are capital market products on the rise, especially since entering the 2006 stock market stretching more appealing to foreign and local investors. But the global crisis that occurred in 2008 has caused a domino effect on the solvency and liquidity of financial institutions in developed countries and spread to parts of Asia including Indonesia. Level of confidence and purchasing power decreases, so the market is affected by this. The decline in stock market performance was allegedly causing many investors switch to safer investments such as deposits. Mutual Fund as one of the alleged investment instruments also significantly impacted by the global crisis. As the only government-owned company engaged in capital markets, how is the performance of mutual fund issued by PT Danareksa Investment Management, is the issuance of mutual fund performance also influence on the global economic crisis or not. To find out, in this writing the authors calculate the performance of each mutual fund issued by PT Danareksa Investment Management (Danareksa Mawar, Danareksa Anggrek, Danareksa Gebyar Indonesia, and Danareksa Syariah Berimbang) during the period of global crisis (in 2007 until the year 2009) by using methods of risk adjusted performance through the Sharpe ratio, Treynor ratio and the ratio of Differential Return and analyze the characteristics of each mutual fund under investigation. Because this method has a calculation between risk and return, we need a data return of the product since January 2007 to December 2009 data derived from the net asset value of mutual funds. By utilizing these data to known risks of each product. From the results of those calculations can be seen the performance of each type of mutual funds during the period of global crisis and what types of mutual funds that produce better performance than other types of mutual funds. Use of this method is expected to support each other in a more careful analysis because the ratios used has the advantages and disadvantages of each and not apart from the use of assumptions and predictions of an uncertain future.