Evaluasi Kinerja Reksadana Saham Di Bursa Efek Jakarta
HADI, HENDRO SUSENO (Adv.: Eduardus Tandelilin, Prof. Dr., M.B.A.), Eduardus Tandelilin, Prof. Dr., M.B.A.
Penelitian ini mengevaluasi kinerja Reksa Dana Saham menggunakan metoda penilaian kinerja dari Sharpe (SM), Treynor (TM), dan Jensen Measure (1M). Hasil pengujian menggunalcanPaired Sample T Test menunjukkan basil yang sarna baiknya untuk kineIja Reksa Dana Saham dan kinerja portofolio acak. Hasil uji Kendalls tau_b dan Uji F menunjukkan terdapat ketidaksesuaian rangking dari metoda Sharpe (SM), Treynor (TM), dan Jensen Measure (JM). Dan dari pengujian berdasarkan ukuran perusahaan menunjukkan kinerja kelompok Reksa Dana Saham yang pengelolaan dananya besar lebih tinggi daripada yang pengelolaan dananya kecil
The study is evaluated mutual funds performance using performance appraisal method from Sharpe Measure (SM}, Treynor Measure (I'M} and Jensen Measure (JM}.A paired sample t-test result shows that the mutual funds outcomes are as good as performance of random portfolio. The outcome for Kendalls tau-b test and F-test indicates that there is unconformity between a rank from Sharpe Method (SM}, Treynor (I'M} and Jensen Measure (JM}. In the other test using company size shows performance group of mutual fund that manage a bigger fund is higher than the group with a less one.
Kata Kunci : Kinerja Reksadana, Performance Evaluation, Stock Mutual Fund, Size, Evaluasi kinerja, Reksa Dana, Ukuran Perusahaan.
