Analisis Pengaruh Fund Longevity, Fund Cash Flow, dan Fund Size terhadap Kinerja Reksa Dana (Studi Kasus: Reksa Dana Saham yang Terdaftar di BAPEPAM Periode Tahun 2011-2014)
Lampiran 1 Populasi Penelitian dan Kriteria Pemilihan Sampel
No.
Kode
1.
2.
3.
4.
5.
6.
7.
8.
9.
10
11.
12.
13.
14.
15.
16.
17.
18.
19.
611702
D0AS01
D0AS02
0087783
BDPRIMA
0091033
GR002PRIMASH
BIIDINA
8829400
NISP
000D1B
0083089
0082214
0086918
00D42C
0088195
FOIP
0086892
8835100
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
0089763
MPPESON
FOSL
0085126
0087528
RDEP
0084699
IND02IAMEFFI
612003
710801
620105
608711
0087627
0083139
0086769
BAM SAH
8458200
0083758
0099556
0087593
0091017
0D10AS
0D10AQ
612201
612202
0087767
RB001INDEQSH
Reksa Dana Saham
Aaa Blue Chip Value Fund 2
Ashmore Dana Ekuitas Nusantara
Ashmore Dana Progresif Nusantara
Avrist Equity - Cross Sectoral
Bahana Dana Prima
Panin Dana Maksima
Panin Dana Prima
Reksa Dana Axa Citradinamis
BNP Paribas Astro
Reksa Dana Aberdeen Indonesia Equity Fund
BNI Reksadana Berkembang
BNP Paribas Star
BNP Paribas Maxi Saham
BNP Paribas Inspira
Reksadana Dana Ekuitas Andalan
Corfina Grow-2-Prosper Rotasi Strategis
Reksa Dana Bnp Paribas Insfrastruktur Plus
First State Indoequity High Conviction Fund
First State Indoequity Opportunities Fund –
Usd
BNP Paribas Ekuitas
BNP Paribas Pesona
Reksa Dana Bnp Paribas Solaris
Gap Equity Fund
Gap Value Fund
Reksa Dana Dana Ekuitas Prima
Archipelago Equity Growth
I Am Equity Fund
Jisawi Progresif
Kharisma Flexi Terbatas
Lautandhana Equity Agresif
Majoris Saham Alokasi Dinamik Indonesia
Mandiri Asa Sejahtera
Mandiri Investa Ekuitas Dinamis
Batavia Dana Saham Optimal
Batavia Dana Saham
Manulife Greater Indonesia Fund
Manulife Institutional Equity Fund
Cimb-Principal Equity Aggressive
Manulife Saham Smc Plus
Rencana Cerdas
Mega Asset Greater Infrastructure
Mega Asset Maxima
Millenium Equity Growth Fund
Millenium Equity Prima Plus
Narada Saham Indonesia
Nikko Indonesia Equity Fund
Kriteria
1
2
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
Ket
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Universitas Sumatera Utara
47.
48.
49.
50.
51.
52.
RB002SHCSHPB
OSUS
0086504
SPEF
GR003DAULSH
PG003SDSH
Nikko Saham Pembangunan Indonesia
Oso Sustainability Fund
Grow-2-Prosper
Reksa Dana Schroder 90 Plus Equity Fund
Panin Dana Ultima
Pg Saham Dinamis
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
64.
65.
66.
67.
68.
69.
0088039
PI002SEFSH
0084962
0088856
0088831
0088203
0088807
0088104
0099424
0088245
0084343
0088815
BANDAKALA
PRAM-PRES
RDMF
RDMW
ESIVD
70.
71.
72.
73.
74.
75.
76.
77.
78.
79.
HPAM-UL
RDIEF
MSAF
21MDEF
PRAM-INV
PRAM-EQ
342422026
AAAESF
00D68D
D0AS06
80.
81.
82.
83.
84.
AXMH
00D68B
BDPF
BTBF
BEES
85.
21BNIS
86.
87.
88.
035600048431
FIPF
NIDE
89.
CPSEF
90.
91.
00D74E
00D74F
Phillip Prime Equity
Pinnacle Strategic Equity Fund
Pnm Saham Agresif
Pratama Dana Dinamis Saham
Pratama Dana Maksimum Saham
Pratama Dana Optimum Saham
Pratama Dana Ultima Saham
Pratama Investa Mandiri Saham
Pratama Saham
Premier Ekuitas Makro Plus
Prospera Bijak
Prospera Bumn Growth
Rd Bni-Am Dana Saham Bandakala
Rd Pratama Dana Prestasi Saham
Reksa Dana Danareksa Mawar Fokus 10
Danareksa Mawar
Reksadana Eastspring Investments Value
Discovery
Reksadana Hpam Ultima Ekuitas
Reksadana Indosurya Equity Fund
Reksadana Mandiri Saham Atraktif
Reksadana Millenium Dynamic Equity Fund
Reksadana Pratama Dana Investasi Saham
Reksadana Pratama Dana Prima Saham
Reksadana Valbury Equity I
Reksa Dana Aaa Enhanced Strategy Fund
Reksa Dana Makinta Mantap
Reksa Dana Ashmore Dana Usd Equity
Nusantara
Reksa Dana Axa Maestrosaham
Reksa Dana Makinta Growth Fund
Reksa Dana Bahana Primavera 99
Reksa Dana Bahana Trailblazer Fund
Reksa Dana Batavia Enhanced Equity
Strategy
Reksa Dana Bni-Am Dana Saham Inspiring
Equity Fund
Fs Indoequity Dividend Yield Fund
Reksa Dana First State Indoequity Peka Fund
Reksa Dana Cimb-Principal Indo Domestic
Equity Fund
Reksa Dana Cimb-Principal Smart Equity
Fund
Reksa Dana Cipta Alpha Equity
Reksa Dana Cipta Beta Equity
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
16
17
18
19
20
21
22
23
Universitas Sumatera Utara
92.
93.
94.
95.
96.
97.
98.
99.
00D74K
00D74G
0098566
000D7S
0085100
RDMI
RDMK
DMRSS
100.
101.
102.
103.
104.
105.
106.
107.
00D55C
0085209
RDGAPEFF
HPAM SAHAM D
343628479
428221572
KHARISMA KP
00D54E
108.
109.
110.
111.
112.
113.
114.
115.
116.
117.
118.
119.
120.
121.
122.
123.
YJRDLEP
00D54N
LAUTAN GF
H7004
00D54Z
LAUTAN SL
YJRDLDSM
H7003
YJRDVF
RDLEP
00D61B
BIG-EQ
MDEQ
0083303
MIEA
MIDF
124.
MIEM
125.
126.
127.
RD MSD
MLDS
MLSU
128.
129.
130.
131.
132.
133.
134.
135.
136.
137.
138.
0D10AX
00D61N
035600055431
035600022433
417076965
418993379
409704968
OSO CELEBES
21PEGF
21PEFF
PACIFIC EQ
Reksa Dana Cipta Gemilang Equity
Reksa Dana Cipta Prima
First State Indoequity Sectoral Fund
Reksa Dana Danareksa Mawar Ekuitas Plus
First State Indoequity Value Select Fund
Reksa Dana Danareksa Mawar Komoditas 10
Reksa Dana Danareksa Mawar Konsumer 10
Reksa Dana Danareksa Mawar Rotasi Sektor
Strategis
Reksa Dana Euro Peregrine Equity
Maybank Gmt Dana Ekuitas
Reksa Dana Gap Equity Focus Fund
Reksa Dana Hpam Saham Dinamis
Reksa Dana Insight Wealth (I-Wealth)
Reksa Dana Kam Kapital Optimal
Reksa Dana Kharisma Kapital Prima
Reksadana Lautandhana Equity
Reksa Dana Lautandhana Equity Plus
Reksa Dana Lautandhana Equity Progresif
Reksa Dana Lautandhana Growth Fund
Reksa Dana Lautandhana Saham Inti
Reksa Dana Lautandhana Saham Lestari
Reksa Dana Lautandhana Saham Likuid
Reksa Dana Lautandhana Saham Mahadi
Reksa Dana Lautandhana Saham Prima
Reksa Dana Lautandhana Value Fund
Reksa Dana Lippo Equity Plus
Reksa Dana Millenium Equity
Reksa Dana Mnc Dana Ekuitas
Reksa Dana Mandiri Dynamic Equity
Mandiri Investa Ugm Endowment Plus
Reksa Dana Mandiri Investa Equity Asean 5
Reksa Dana Mandiri Investa Equity Dynamo
Factor
Reksa Dana Mandiri Investa Equity
Movement
Reksa Dana Mandiri Saham Dinamis
Reksa Dana Manulife Dana Saham Utama
Reksa Dana Manulife Saham Strategi
Unggulan
Reksa Dana Mega Dana Capital Growth
Reksa Dana Millenium Berkembang
Reksa Dana Mandiri Investa Atraktif
Manulife Saham Andalan
Reksa Dana Mnc Dana Saham
Reksa Dana Mnc Dana Saham Ii
Reksa Dana Oso Borneo Equity Fund
Reksa Dana Oso Celebes Equity Fund
Reksa Dana Pacific Equity Growth Fund
Reksa Dana Pacific Equity Flexi Fund
Reksa Dana Pacific Equity Fund
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
24
25
26
27
28
29
30
−
−
31
32
Universitas Sumatera Utara
139.
140.
141.
142.
143.
21PEOF
21PEPF
PACIFIC SY
00D88A
00D79A
144.
145.
146.
147.
148.
149.
150.
151.
152.
153.
KKRDPE
PNMSU
415220040
409702053
00D78A
410321122
00D51E
RDQIS
REOF
ESIAN
154.
155.
156.
157.
158.
159.
160.
161.
162.
163.
164.
165.
166.
167.
0362257943
0092882
0094532
0082982
D0SC07
SIEF
21RSDE
SDPT
000D8T
000D8R
21SMUN
342349962
GARDSSD
356118189
168.
169.
170.
171.
172.
173.
174.
175.
176.
177.
178.
179.
180.
181.
182.
183.
184.
185.
186.
SYAIL MLF
00D2AK
TRIGFE
0090829
LS002SHCDANA
006600829471
000D8O
D0SK02
0084665
SDPD
0085290
0088534
0083154
621306
621303
000D2L
622101
D0TR15
035600246432
Reksa Dana Pacific Equity Optimum Fund
Reksa Dana Pacific Equity Progresif Fund
Reksa Dana Pacific Saham Syariah
Reksa Dana Panin Dana Teladan
Reksa Dana Penyertaan Terbatas Syailendra
Equity Growth Fund
Reksa Dana Phillip Equity
Reksa Dana Pnm Saham Unggulan
Reksa Dana Pratama Dana Atraktif Saham
Reksa Dana Pratama Dana Gemilang Saham
Reksa Dana Pratama Equity
Reksa Dana Premier Ekuitas
Reksa Dana Prospera Dana Berkembang
Reksa Dana Quant Investa Saham
Reksa Dana Rhb Equity Opportunity Fund
Reksa Dana Saham Eastspring Investments
Alpha Navigator
Reksa Dana Sam Dana Cerdas
Manulife Dana Saham
Reksadana Dana Pratama Ekuitas
Rhb Alpha Sector Rotation
Reksa Dana Schroder Dana Prestasi Prima
Reksa Dana Schroder Indo Equity Fund
Reksa Dana Sentra Dana Ekuitas
Reksa Dana Schroder Dana Prestasi
Reksa Dana Simas Saham Bertumbuh
Reksa Dana Simas Saham Unggulan
Reksa Dana Simas Syariah Unggulan
Reksa Dana Sucorinvest Maxi Fund
Reksa Dana Sucorinvest Saham Dinamis
Reksa Dana Syailendra Dana Ekuitas
Sejahtera
Reksa Dana Syailendra Market Leader Fund
Reksa Dana Trimegah Bhakti Bangsa
Reksa Dana Trimegah Gtws Fuji Equity
Schroder Dana Prestasi Plus
Reliance Dana Saham
Reksa Dana Schroder Dana Istimewa
Reksa Dana Simas Danamas Saham
Rhb Prime Equity Fund
Sam Indonesian Equity Fund
Schroder Dana Prestasi Dinamis
Syailendra Equity Opportunity Fund
Semesta Dana Saham
Sucorinvest Equity Fund
Syailendra Dana Ekuitas Plus
Syailendra Equity Alpha Fund
Reksa Dana Trim Kapital Plus
Tf Super Maxxi
Tram Asa Equity
Tram Consumption Plus
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
33
34
35
36
37
38
39
40
41
Universitas Sumatera Utara
187.
188.
035600246442
000D2B
Tram Infrastructure Plus
Trim Kapital
−
−
Universitas Sumatera Utara
Lampiran 2 Rincian Sampel yang digunakan
No.
Reksa Dana Saham
Kode
1.
Panin Dana Maksima
0091033
2.
Panin Dana Prima
GR002PRIMASH
3.
Reksa Dana AXA Citradinamis
BIIDINA
4.
Reksa Dana Aberdeen Indonesia Equity Fund
NISP
5.
BNI Reksadana Berkembang
000D1B
6.
Reksadana Dana Ekuitas Andalan
00D42C
7.
Reksa Dana BNP Paribas Insfrastruktur Plus
FOIP
8.
BNP Paribas Ekuitas
0089763
9.
BNP Paribas Pesona
MPPESON
10.
Reksa Dana BNP Paribas Solaris
FOSL
11.
Reksa Dana Dana Ekuitas Prima
RDEP
12.
Batavia Dana Saham Optimal
0086769
13.
Batavia Dana Saham
BAM SAH
14.
Cimb-Principal Equity Aggressive
0099556
15.
Rencana Cerdas
0091017
16.
Grow-2-Prosper
0086504
17.
Reksa Dana Schroder 90 Plus Equity Fund
SPEF
18.
Reksa Dana Danareksa Mawar Fokus 10
RDMF
19.
Danareksa Mawar
RDMW
20.
Reksa Dana Makinta Mantap
00D68D
21.
Reksa Dana Makinta Growth Fund
00D68B
22.
Fs Indoequity Dividend Yield Fund
035600048431
23.
Reksa Dana First State Indoequity Peka Fund
FIPF
24.
First State Indoequity Sectoral Fund
0098566
25.
First State Indoequity Value Select Fund
0085100
26.
Maybank Gmt Dana Ekuitas
0085209
27.
Reksa Dana Lautandhana Equity Progresif
00D54N
Universitas Sumatera Utara
28.
Reksa Dana Millenium Equity
00D61B
29.
Reksa Dana Mnc Dana Ekuitas
BIG-EQ
30.
Mandiri Investa Ugm Endowment Plus
0083303
31.
Reksa Dana Mandiri Investa Atraktif
035600055431
32.
Manulife Saham Andalan
035600022433
33.
Manulife Dana Saham
0092882
34.
Reksadana Dana Pratama Ekuitas
0094532
35.
Rhb Alpha Sector Rotation
0082982
36.
Reksa Dana Schroder Dana Prestasi
SDPT
37.
Schroder Dana Prestasi Plus
0090829
38.
Reksa Dana Schroder Dana Istimewa
006600829471
39.
Reksa Dana Simas Danamas Saham
000D8O
40.
Syailendra Equity Opportunity Fund
0085290
41.
Reksa Dana Trim Kapital Plus
000D2L
Universitas Sumatera Utara
Lampiran 3 Data BI Rate Tahun 2011 - 2014
Tanggal
5-Jan-2011
4-Feb-2011
4-Mar-2011
12-Apr-2011
12-May-2011
9-Jun-2011
12-Jul-2011
9-Aug-2011
8-Sep-2011
11-Oct-2011
10-Nov-2011
8-Dec-2011
12-Jan-12
9-Feb-12
8-Mar-12
12-Apr-12
10-May-12
12-Jun-12
12-Jul-12
9-Aug-12
13-Sep-12
11-Oct-12
8-Nov-12
11-Dec-12
10-Jan-13
12-Feb-13
7-Mar-13
11-Apr-13
14-May-13
13-Jun-13
11-Jul-13
15-Aug-13
12-Sep-13
8-Oct-13
12-Nov-13
12-Dec-13
9-Jan-14
13-Feb-14
13-Mar-14
8-Apr-14
8-May-14
12-Jun-14
10-Jul-14
14-Aug-14
11-Sep-14
7-Oct-14
13-Nov-14
11-Dec-14
BI Rate
6.50 %
6.75 %
6.75 %
6.75 %
6.75 %
6.75 %
6.75 %
6.75 %
6.75 %
6.50 %
6.00 %
6.00 %
6.00%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
6.00%
6.50%
6.50%
7.25%
7.25%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.75%
Universitas Sumatera Utara
Lampiran 4 Tanggal Efektif Reksa Dana Saham
No.
Reksa Dana Saham
Tanggal Efektif
1.
Panin Dana Maksima
27 Maret 1997
2.
Panin Dana Prima
19 Desember 2007
3.
Reksa Dana AXA Citradinamis
29 Juli 1997
4.
Reksa Dana Aberdeen Indonesia Equity Fund
14 Desember 2007
5.
BNI Reksadana Berkembang
30 September 1996
6.
Reksadana Dana Ekuitas Andalan
30 November 2005
7.
Reksa Dana BNP Paribas Insfrastruktur Plus
8 Maret 2007
8.
BNP Paribas Ekuitas
16 Januari 2001
9.
BNP Paribas Pesona
10 Oktober 1997
10.
Reksa Dana BNP Paribas Solaris
8 April 2008
11.
Reksa Dana Dana Ekuitas Prima
09 Februari 2006
12.
Batavia Dana Saham Optimal
09 Oktober 2006
13.
Batavia Dana Saham
09 Desember 1996
14.
Cimb-Principal Equity Aggressive
17 Juni 2005
15.
Rencana Cerdas
8 Juli 1999
16.
Grow-2-Prosper
22 Maret 2007
17.
Reksa Dana Schroder 90 Plus Equity Fund
1 April 2010
18.
Reksa Dana Danareksa Mawar Fokus 10
22 Feb 2010
19.
Danareksa Mawar
5 Juli 1996
20.
Reksa Dana Makinta Mantap
10 Agustus 2005
21.
Reksa Dana Makinta Growth Fund
22 Februari 2008
22.
Fs Indoequity Dividend Yield Fund
11 Agustus 2005
23.
Reksa Dana First State Indoequity Peka Fund
30 Oktober 2009
24.
First State Indoequity Sectoral Fund
24 Desember 2004
25.
First State Indoequity Value Select Fund
29 Februari 2008
26.
Maybank Gmt Dana Ekuitas
17 April 2007
27.
Reksa Dana Lautandhana Equity Progresif
23 Juni 2009
Universitas Sumatera Utara
28.
Reksa Dana Millenium Equity
5 Maret 2008
29.
Reksa Dana Mnc Dana Ekuitas
10 Juni 2008
30.
Mandiri Investa Ugm Endowment Plus
4 Juni 2008
31.
Reksa Dana Mandiri Investa Atraktif
10 Juni 2005
32.
Manulife Saham Andalan
6 Agustus 2007
33.
Manulife Dana Saham
16 Juli 2003
34.
Reksadana Dana Pratama Ekuitas
12 February 2004
35.
Rhb Alpha Sector Rotation
9 Agustus 2010
36.
Reksa Dana Schroder Dana Prestasi
37.
Schroder Dana Prestasi Plus
12 September 2000
38.
Reksa Dana Schroder Dana Istimewa
21 Desember 2004
39.
Reksa Dana Simas Danamas Saham
24 September 2007
40.
Syailendra Equity Opportunity Fund
41.
Reksa Dana Trim Kapital Plus
28 Mei 1997
31 Mei 2007
18 April 2008
Universitas Sumatera Utara
Lampiran 5 Kinerja Reksa Dana Saham Tahun 2011 – 2014
No
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
Reksa Dana Saham
Panin Dana Maksima
Panin Dana Prima
Reksa Dana AXA
Citradinamis
Reksa Dana Aberdeen
Indonesia Equity Fund
BNI Reksadana Berkembang
Reksadana Dana Ekuitas
Andalan
Reksa Dana BNP Paribas
Insfrastruktur Plus
BNP Paribas Ekuitas
BNP Paribas Pesona
Reksa Dana BNP Paribas
Solaris
Reksa Dana Dana Ekuitas
Prima
Batavia Dana Saham Optimal
Batavia Dana Saham
Cimb-Principal Equity
Aggressive
Rencana Cerdas
Grow-2-Prosper
Reksa Dana Schroder 90 Plus
Equity Fund
Reksa Dana Danareksa Mawar
Fokus 10
Danareksa Mawar
Reksa Dana Makinta Mantap
Reksa Dana Makinta Growth
Fund
Fs Indoequity Dividend Yield
Fund
Reksa Dana First State
Indoequity Peka Fund
First State Indoequity Sectoral
Fund
First State Indoequity Value
Select Fund
Maybank Gmt Dana Ekuitas
Reksa Dana Lautandhana
Equity Progresif
Reksa Dana Millenium Equity
Reksa Dana Mnc Dana
Ekuitas
Mandiri Investa Ugm
Endowment Plus
Reksa Dana Mandiri Investa
Atraktif
Manulife Saham Andalan
2011
0.064700
0.033158
Kinerja Reksa Dana
2012
2013
0.083837
-0.038267
0.138337
-0.006894
2014
0.444092
0.380820
-0.105822
0.129962
-0.116949
0.681923
-0.115580
-0.124495
-0.017273
0.119058
-0.222291
-0.252329
0.591731
0.669038
-0.112135
0.048794
-0.134006
0.689304
-0.156499
-0.055698
-0.035270
0.213300
0.103853
0.125903
-0.118497
-0.161641
-0.161412
0.822504
0.686254
0.644869
-0.110863
0.328470
-0.191351
0.561550
-0.071899
-0.076099
-0.096744
0.214401
0.174447
0.052626
-0.149897
0.023046
-0.005225
0.549145
0.502105
0.530921
-0.091234
-0.047041
-0.137755
-0.018000
0.023367
0.032040
-0.169748
-0.213760
0.327922
0.655153
0.697724
-0.248853
-0.008025
0.045944
-0.099342
0.589227
-0.322630
-0.001803
0.194922
0.185314
-0.003197
0.146588
-0.215735
-0.115976
-0.064029
0.466571
0.538099
0.076507
0.060725
0.073223
-0.133434
0.042768
-0.029333
0.124888
-0.169011
0.656160
0.020061
0.129875
-0.145902
0.550618
-0.008315
0.080503
-0.170875
0.541226
0.010498
-0.031663
0.077623
0.114889
-0.180658
-0.094050
0.449697
0.313392
0.061307
0.081533
0.160046
-0.010674
-0.032236
0.345723
0.746907
-0.029980
-0.016039
0.416310
-0.160726
0.336739
-0.142733
-0.076403
-0.155718
0.661388
-0.101719
-0.095539
0.076479
0.101434
-0.217381
-0.141464
0.649411
0.582776
Universitas Sumatera Utara
33.
34.
35.
36.
37.
38.
39.
40.
41.
Manulife Dana Saham
Reksadana Dana Pratama
Ekuitas
Rhb Alpha Sector Rotation
Reksa Dana Schroder Dana
Prestasi
Schroder Dana Prestasi Plus
Reksa Dana Schroder Dana
Istimewa
Reksa Dana Simas Danamas
Saham
Syailendra Equity Opportunity
Fund
Reksa Dana Trim Kapital Plus
-0.101888
0.146468
-0.171837
0.563815
-0.160465
-0.315345
-0.086137
0.300977
0.102260
0.018063
0.765325
0.774755
0.031503
-0.035968
0.094461
-0.029169
-0.045871
-0.124251
0.637404
0.646114
0.016088
0.066792
-0.078500
0.594591
-0.173866
-0.234283
-0.022955
0.685985
-0.043568
0.037882
0.417702
0.212791
-0.191468
-0.259429
0.291137
0.533222
Universitas Sumatera Utara
Lampiran 6 Fund Longevity (Reksa Dana Saham) Tahun 2011 – 2014
No
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
Reksa Dana Saham
Panin Dana Maksima
Panin Dana Prima
Reksa Dana AXA Citradinamis
Reksa Dana Aberdeen Indonesia Equity Fund
BNI Reksadana Berkembang
Reksadana Dana Ekuitas Andalan
Reksa Dana BNP Paribas Insfrastruktur Plus
BNP Paribas Ekuitas
BNP Paribas Pesona
Reksa Dana BNP Paribas Solaris
Reksa Dana Dana Ekuitas Prima
Batavia Dana Saham Optimal
Batavia Dana Saham
Cimb-Principal Equity Aggressive
Rencana Cerdas
Grow-2-Prosper
Reksa Dana Schroder 90 Plus Equity Fund
Reksa Dana Danareksa Mawar Fokus 10
Danareksa Mawar
Reksa Dana Makinta Mantap
Reksa Dana Makinta Growth Fund
Fs Indoequity Dividend Yield Fund
Reksa Dana First State Indoequity Peka Fund
First State Indoequity Sectoral Fund
First State Indoequity Value Select Fund
Maybank Gmt Dana Ekuitas
Reksa Dana Lautandhana Equity Progresif
Reksa Dana Millenium Equity
Reksa Dana Mnc Dana Ekuitas
Mandiri Investa Ugm Endowment Plus
Reksa Dana Mandiri Investa Atraktif
Manulife Saham Andalan
Manulife Dana Saham
Reksadana Dana Pratama Ekuitas
Rhb Alpha Sector Rotation
Reksa Dana Schroder Dana Prestasi
Schroder Dana Prestasi Plus
Reksa Dana Schroder Dana Istimewa
Reksa Dana Simas Danamas Saham
Syailendra Equity Opportunity Fund
Reksa Dana Trim Kapital Plus
Fund Longevity (Tahun)
2011
2012
2013
14.83
15.83
16.83
4.00
5.00
6.00
14.50
15.50
16.50
4.00
5.00
6.00
15.33
16.33
17.33
6.17
7.17
8.17
4.83
5.83
6.83
11.00
12.00
13.00
14.25
15.25
16.25
3.75
4.75
5.75
5.92
6.92
7.92
5.25
6.25
7.25
15.08
16.08
17.08
6.58
7.58
8.58
12.50
13.50
14.50
4.83
5.83
6.83
1.75
2.75
3.75
1.92
2.92
3.92
15.50
16.50
17.50
6.42
7.42
8.42
3.92
4.92
5.92
6.42
7.42
8.42
2.25
3.25
4.25
7.08
8.08
9.08
3.92
4.92
5.92
4.75
5.75
6.75
2.58
3.58
4.58
3.83
4.83
5.83
3.58
4.58
5.58
3.58
4.58
5.58
6.58
7.58
8.58
4.42
5.42
6.42
8.50
9.50
10.50
7.92
8.92
9.92
1.42
2.42
3.42
14.67
15.67
16.67
11.33
12.33
13.33
7.08
8.08
9.08
4.33
5.33
6.33
4.67
5.67
6.67
3.75
4.75
5.75
2014
17.83
7.00
17.50
7.00
18.33
9.17
7.83
14.00
17.25
6.75
8.92
8.25
18.08
9.58
15.50
7.83
4.75
4.92
18.50
9.42
6.92
9.42
5.25
10.08
6.92
7.75
5.58
6.83
6.58
6.58
9.58
7.42
11.50
10.92
4.42
17.67
14.33
10.08
7.33
7.67
6.75
Universitas Sumatera Utara
Lampiran 7 Fund Cash Flow (Reksa Dana Saham) Tahun 2011 – 2014
No
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
Reksa Dana Saham
Panin Dana Maksima
Panin Dana Prima
Reksa Dana AXA Citradinamis
Reksa Dana Aberdeen Indonesia Equity
Fund
BNI Reksadana Berkembang
Reksadana Dana Ekuitas Andalan
Reksa Dana BNP Paribas Insfrastruktur
Plus
BNP Paribas Ekuitas
BNP Paribas Pesona
Reksa Dana BNP Paribas Solaris
Reksa Dana Dana Ekuitas Prima
Batavia Dana Saham Optimal
Batavia Dana Saham
Cimb-Principal Equity Aggressive
Rencana Cerdas
Grow-2-Prosper
Reksa Dana Schroder 90 Plus Equity Fund
Reksa Dana Danareksa Mawar Fokus 10
Danareksa Mawar
Reksa Dana Makinta Mantap
Reksa Dana Makinta Growth Fund
Fs Indoequity Dividend Yield Fund
Reksa Dana First State Indoequity Peka
Fund
First State Indoequity Sectoral Fund
First State Indoequity Value Select Fund
Maybank Gmt Dana Ekuitas
Reksa Dana Lautandhana Equity Progresif
Reksa Dana Millenium Equity
Reksa Dana Mnc Dana Ekuitas
Mandiri Investa Ugm Endowment Plus
Reksa Dana Mandiri Investa Atraktif
Manulife Saham Andalan
Manulife Dana Saham
Reksadana Dana Pratama Ekuitas
Rhb Alpha Sector Rotation
Reksa Dana Schroder Dana Prestasi
Schroder Dana Prestasi Plus
Reksa Dana Schroder Dana Istimewa
Reksa Dana Simas Danamas Saham
Syailendra Equity Opportunity Fund
Reksa Dana Trim Kapital Plus
2011
0.059586
0.031043
-0.02693
Fund Cash Flow
2012
2013
-0.00875 0.023886
-0.01783 0.070252
0.036033 0.0574
2014
-0.01217
-0.02723
-0.02172
-0.00249
0.012302
0.006849
-0.05873
-0.00555
-0.03099
-0.0482
0.048674
-0.02552
-0.0163
-0.00068
0.113699
-0.03108
-0.00618
0.023032
0.018974
0.056881
0.014414
0.106282
-0.01597
0.014927
0.009537
0.064591
0.001766
0.007666
0.007061
-0.01088
-0.00442
0.00049
-0.01692
-0.02238
0.107831
0.028955
0.100682
-0.02184
0.03809
-0.01113
-0.03764
-0.06492
-0.05219
-0.02134
0.007534
0.115404
0.052846
0.048028
-0.00329
-0.00767
-0.00741
0.055149
0.050993
0.08989
0.010288
-0.02081
0.701314
-0.00352
0.011167
-0.04705
-0.0069
-0.00542
0.264478
0.078545
-0.03225
-0.013
-0.07411
-0.06611
0.059955
0.008285
0.067465
0.002
-0.03535
0.003869
-0.00777
-0.01346
-0.01315
-0.01102
0.016536
0.178096
0.004253
0.03504
0.047732
-1.7E-07
-0.01393
0.144174
0.138198
0.016718
-0.01367
0.018352
0.02034
0.021586
0.034356
-0.02265
0.061133
0.043001
0.091823
0.03578
0.169747
0.022354
-0.01619
-0.01225
0.012249
0.182515
0.115045
-0.05883
-0.0486
-0.01376
-0.00685
-0.022
0.084008
-0.04776
-0.0218
-0.015
-0.00569
0.091255
-0.00523
-0.01914
-0.017
0.044688
-0.00039
2.83E-17
1.78933
-0.01387
0.058459
-0.01075
0.025014
-0.01775
-0.02234
0.04129
0.093555
-0.00172
-0.00339
0.096417
0.011585
-0.02156
-9.9E-05
-0.03089
-0.00248
-0.0189
-0.06169
0.18888
-0.06031
0.284983
0.021028
0.008895
-0.01841
0.087503
0.084831
0.011704
-0.01226
-0.02754
-0.0196
-0.0252
-0.04621
Universitas Sumatera Utara
Lampiran 8 Fund Size (Reksa Dana Saham) Tahun 2011 – 2014
No
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
Reksa Dana Saham
Panin Dana Maksima
Panin Dana Prima
Reksa Dana AXA Citradinamis
Reksa Dana Aberdeen Indonesia Equity
Fund
BNI Reksadana Berkembang
Reksadana Dana Ekuitas Andalan
Reksa Dana BNP Paribas Insfrastruktur
Plus
BNP Paribas Ekuitas
BNP Paribas Pesona
Reksa Dana BNP Paribas Solaris
Reksa Dana Dana Ekuitas Prima
Batavia Dana Saham Optimal
Batavia Dana Saham
Cimb-Principal Equity Aggressive
Rencana Cerdas
Grow-2-Prosper
Reksa Dana Schroder 90 Plus Equity Fund
Reksa Dana Danareksa Mawar Fokus 10
Danareksa Mawar
Reksa Dana Makinta Mantap
Reksa Dana Makinta Growth Fund
Fs Indoequity Dividend Yield Fund
Reksa Dana First State Indoequity Peka
Fund
First State Indoequity Sectoral Fund
First State Indoequity Value Select Fund
Maybank Gmt Dana Ekuitas
Reksa Dana Lautandhana Equity Progresif
Reksa Dana Millenium Equity
Reksa Dana Mnc Dana Ekuitas
Mandiri Investa Ugm Endowment Plus
Reksa Dana Mandiri Investa Atraktif
Manulife Saham Andalan
Manulife Dana Saham
Reksadana Dana Pratama Ekuitas
Rhb Alpha Sector Rotation
Reksa Dana Schroder Dana Prestasi
Schroder Dana Prestasi Plus
Reksa Dana Schroder Dana Istimewa
Reksa Dana Simas Danamas Saham
Syailendra Equity Opportunity Fund
Reksa Dana Trim Kapital Plus
2011
29.19078
27.75735
24.75693
Fund Size
2012
2013
29.16455 29.44204
27.54254 28.34641
25.21391 25.79331
2014
29.51868
28.18017
25.74859
25.4616
24.75599
24.07378
24.1226
24.34486
27.59492
24.38015
26.83817
24.35419
26.41362
24.5913
27.68912
27.89779
27.98763
28.49597
29.65821
29.52833
28.43601
27.7308
27.01165
25.4437
26.59909
24.06969
25.41142
24.37067
29.51678
26.73675
26.29961
24.46081
23.97823
24.68942
29.3952
28.19826
29.06325
27.08636
26.13845
26.40228
24.48761
25.33484
23.94726
28.7668
26.19961
26.08804
24.5751
24.20136
25.35584
29.30397
28.0328
28.86705
27.47585
26.75299
27.43036
24.49568
24.96105
25.67509
28.68474
26.17542
25.44142
24.50301
24.06295
26.65326
29.13234
28.1056
28.14626
26.5397
27.62604
27.73936
25.34389
25.27734
25.22234
28.95422
26.28932
25.46851
24.43884
24.00616
27.03277
25.83868
27.61073
27.23494
27.43454
28.14702
25.23951
25.08318
24.90218
24.06307
26.32996
25.61583
27.46325
28.08985
28.75685
24.90186
24.02387
28.21485
30.03688
28.90536
25.97935
27.33984
27.1303
28.46774
25.0952
25.03139
25.15922
25.46285
27.58041
24.86651
26.93642
28.00566
28.78996
24.60308
25.08136
27.70614
29.80786
28.78912
25.79382
28.25877
27.18988
28.19533
25.30613
25.02161
25.1746
26.24303
27.38182
25.09604
26.68223
28.22184
28.53282
24.45347
25.61151
28.71952
29.76802
28.73222
26.75641
28.24297
26.76516
28.02024
25.47066
24.9562
24.13212
26.18185
26.76635
26.76727
27.10895
28.53405
28.53138
25.74648
26.85584
29.07132
29.85923
28.6423
26.69306
28.11579
26.45945
Universitas Sumatera Utara
Lampiran 9 Daftar Tabel Hasil Pengujian
Tabel 4.1
Statistik Deskriptif dari Kinerja Reksa Dana, Fund Longevity, Fund Cash
Flow, dan Fund Size
Mean
Median
Maximum
Minimum
Std. Dev.
Kinerja
Fund Longevity Fund Cash Flow
0.118158
8.451220
0.032662
0.027435
7.000000
-8.62E-08
0.822504
18.50000
1.789330
-0.322630
1.416667
-0.074111
0.290205
4.466835
0.158920
Observations
164
Cross sections
41
Sumber: Hasil Olahan Eviews 7 (2016)
164
41
Fund Size
26.71013
26.74487
30.03688
23.94726
1.696539
164
41
164
41
Tabel 4.2 Uji Multikolinearitas dengan Matriks Korelasi
Fund Longevity
Fund Longevity
1
Fund Cash Flow
-0.104339
Fund Size
0.179141
Sumber: Hasil Olahan Eviews 2016
Fund Cash Flow
-0.104339
1
-0.026650
Fund Size
0.179141
-0.026650
1
Tabel 4.3 Uji Heteroskedastisitas dengan Uji White
Heteroskedasticity Test: White
F-statistic
1.795377
Prob. F(3,160)
0.1502
Obs*R-squared
5.340988
Prob. Chi-Square(3)
0.1485
Scaled explained SS
3.837366
Prob. Chi-Square(3)
0.2796
Sumber: Hasil Olahan Eviews 2016
Tabel 4.4 Uji Autokorelasi dengan Uji Durbin-Watson
F-statistic
1.795377
Prob(F-statistic)
Sumber: Hasil Olahan Eviews 2016
0.150201
Durbin-Watson stat
2.095737
Universitas Sumatera Utara
Tabel 4.5 Hasil dari Uji Chow
Redundant Fixed Effects Tests
Pool: JULIA
Test cross-section fixed effects
Effects Test
Statistic
Cross-section F
Cross-section Chi-square
d.f.
Prob.
(40,120)
40
0.0122
0.0007
Chi-Sq.
Statistic
Chi-Sq. d.f.
Prob.
64.924692
3
0.0000
1.731667
74.729096
Sumber: Hasil Olahan Eviews 2016
Tabel 4.6 Hasil dari Uji Hausman
Correlated Random Effects - Hausman Test
Pool: JULIA
Test cross-section random effects
Test Summary
Cross-section random
Sumber: Hasil Olahan Eviews 2016
Tabel 4.7 Pengujian Regresi Berganda Model Data Panel
Dependent Variable: KINERJA?
Method: Pooled Least Squares
Date: 10/18/16 Time: 22:29
Sample: 2011 2014
Included observations: 4
Cross-sections included: 41
Total pool (balanced) observations: 164
Variable
Coefficient
Std. Error
t-Statistic
Prob.
FUNDLONGEVITY?
0.144494
FUNDCASHFLOW?
0.130585
FUNDSIZE?
0.067335
C
-2.905776
Sumber: Hasil Olahan Eviews 2016
0.019536
0.166169
0.049233
1.265652
7.396376
0.785853
1.367673
-2.295874
0.0000
0.4335
0.1740
0.0234
Universitas Sumatera Utara
Tabel 4.8 Nilai statistik dari Uji f, Uji t dan Koefisien Determinasi
Dependent Variable: KINERJA?
Method: Pooled Least Squares
Date: 10/18/16 Time: 22:29
Sample: 2011 2014
Included observations: 4
Cross-sections included: 41
Total pool (balanced) observations: 164
Variable
Coefficient
Std. Error
t-Statistic
Prob.
FUNDLONGEVITY?
FUNDCASHFLOW?
FUNDSIZE?
C
0.144494
0.130585
0.067335
-2.905776
0.019536
0.166169
0.049233
1.265652
7.396376
0.785853
1.367673
-2.295874
0.0000
0.4335
0.1740
0.0234
Effects Specification
Cross-section fixed (dummy variables)
R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
Log likelihood
F-statistic
Prob(F-statistic)
0.397988
0.182268
0.262428
8.264221
12.30442
1.844923
0.005037
Mean dependent var
S.D. dependent var
Akaike info criterion
Schwarz criterion
Hannan-Quinn criter.
Durbin-Watson stat
0.118158
0.290205
0.386532
1.218203
0.724159
3.221781
Sumber: Hasil Olahan Eviews 2016
Universitas Sumatera Utara
No.
Kode
1.
2.
3.
4.
5.
6.
7.
8.
9.
10
11.
12.
13.
14.
15.
16.
17.
18.
19.
611702
D0AS01
D0AS02
0087783
BDPRIMA
0091033
GR002PRIMASH
BIIDINA
8829400
NISP
000D1B
0083089
0082214
0086918
00D42C
0088195
FOIP
0086892
8835100
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
0089763
MPPESON
FOSL
0085126
0087528
RDEP
0084699
IND02IAMEFFI
612003
710801
620105
608711
0087627
0083139
0086769
BAM SAH
8458200
0083758
0099556
0087593
0091017
0D10AS
0D10AQ
612201
612202
0087767
RB001INDEQSH
Reksa Dana Saham
Aaa Blue Chip Value Fund 2
Ashmore Dana Ekuitas Nusantara
Ashmore Dana Progresif Nusantara
Avrist Equity - Cross Sectoral
Bahana Dana Prima
Panin Dana Maksima
Panin Dana Prima
Reksa Dana Axa Citradinamis
BNP Paribas Astro
Reksa Dana Aberdeen Indonesia Equity Fund
BNI Reksadana Berkembang
BNP Paribas Star
BNP Paribas Maxi Saham
BNP Paribas Inspira
Reksadana Dana Ekuitas Andalan
Corfina Grow-2-Prosper Rotasi Strategis
Reksa Dana Bnp Paribas Insfrastruktur Plus
First State Indoequity High Conviction Fund
First State Indoequity Opportunities Fund –
Usd
BNP Paribas Ekuitas
BNP Paribas Pesona
Reksa Dana Bnp Paribas Solaris
Gap Equity Fund
Gap Value Fund
Reksa Dana Dana Ekuitas Prima
Archipelago Equity Growth
I Am Equity Fund
Jisawi Progresif
Kharisma Flexi Terbatas
Lautandhana Equity Agresif
Majoris Saham Alokasi Dinamik Indonesia
Mandiri Asa Sejahtera
Mandiri Investa Ekuitas Dinamis
Batavia Dana Saham Optimal
Batavia Dana Saham
Manulife Greater Indonesia Fund
Manulife Institutional Equity Fund
Cimb-Principal Equity Aggressive
Manulife Saham Smc Plus
Rencana Cerdas
Mega Asset Greater Infrastructure
Mega Asset Maxima
Millenium Equity Growth Fund
Millenium Equity Prima Plus
Narada Saham Indonesia
Nikko Indonesia Equity Fund
Kriteria
1
2
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
Ket
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Universitas Sumatera Utara
47.
48.
49.
50.
51.
52.
RB002SHCSHPB
OSUS
0086504
SPEF
GR003DAULSH
PG003SDSH
Nikko Saham Pembangunan Indonesia
Oso Sustainability Fund
Grow-2-Prosper
Reksa Dana Schroder 90 Plus Equity Fund
Panin Dana Ultima
Pg Saham Dinamis
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
64.
65.
66.
67.
68.
69.
0088039
PI002SEFSH
0084962
0088856
0088831
0088203
0088807
0088104
0099424
0088245
0084343
0088815
BANDAKALA
PRAM-PRES
RDMF
RDMW
ESIVD
70.
71.
72.
73.
74.
75.
76.
77.
78.
79.
HPAM-UL
RDIEF
MSAF
21MDEF
PRAM-INV
PRAM-EQ
342422026
AAAESF
00D68D
D0AS06
80.
81.
82.
83.
84.
AXMH
00D68B
BDPF
BTBF
BEES
85.
21BNIS
86.
87.
88.
035600048431
FIPF
NIDE
89.
CPSEF
90.
91.
00D74E
00D74F
Phillip Prime Equity
Pinnacle Strategic Equity Fund
Pnm Saham Agresif
Pratama Dana Dinamis Saham
Pratama Dana Maksimum Saham
Pratama Dana Optimum Saham
Pratama Dana Ultima Saham
Pratama Investa Mandiri Saham
Pratama Saham
Premier Ekuitas Makro Plus
Prospera Bijak
Prospera Bumn Growth
Rd Bni-Am Dana Saham Bandakala
Rd Pratama Dana Prestasi Saham
Reksa Dana Danareksa Mawar Fokus 10
Danareksa Mawar
Reksadana Eastspring Investments Value
Discovery
Reksadana Hpam Ultima Ekuitas
Reksadana Indosurya Equity Fund
Reksadana Mandiri Saham Atraktif
Reksadana Millenium Dynamic Equity Fund
Reksadana Pratama Dana Investasi Saham
Reksadana Pratama Dana Prima Saham
Reksadana Valbury Equity I
Reksa Dana Aaa Enhanced Strategy Fund
Reksa Dana Makinta Mantap
Reksa Dana Ashmore Dana Usd Equity
Nusantara
Reksa Dana Axa Maestrosaham
Reksa Dana Makinta Growth Fund
Reksa Dana Bahana Primavera 99
Reksa Dana Bahana Trailblazer Fund
Reksa Dana Batavia Enhanced Equity
Strategy
Reksa Dana Bni-Am Dana Saham Inspiring
Equity Fund
Fs Indoequity Dividend Yield Fund
Reksa Dana First State Indoequity Peka Fund
Reksa Dana Cimb-Principal Indo Domestic
Equity Fund
Reksa Dana Cimb-Principal Smart Equity
Fund
Reksa Dana Cipta Alpha Equity
Reksa Dana Cipta Beta Equity
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
16
17
18
19
20
21
22
23
Universitas Sumatera Utara
92.
93.
94.
95.
96.
97.
98.
99.
00D74K
00D74G
0098566
000D7S
0085100
RDMI
RDMK
DMRSS
100.
101.
102.
103.
104.
105.
106.
107.
00D55C
0085209
RDGAPEFF
HPAM SAHAM D
343628479
428221572
KHARISMA KP
00D54E
108.
109.
110.
111.
112.
113.
114.
115.
116.
117.
118.
119.
120.
121.
122.
123.
YJRDLEP
00D54N
LAUTAN GF
H7004
00D54Z
LAUTAN SL
YJRDLDSM
H7003
YJRDVF
RDLEP
00D61B
BIG-EQ
MDEQ
0083303
MIEA
MIDF
124.
MIEM
125.
126.
127.
RD MSD
MLDS
MLSU
128.
129.
130.
131.
132.
133.
134.
135.
136.
137.
138.
0D10AX
00D61N
035600055431
035600022433
417076965
418993379
409704968
OSO CELEBES
21PEGF
21PEFF
PACIFIC EQ
Reksa Dana Cipta Gemilang Equity
Reksa Dana Cipta Prima
First State Indoequity Sectoral Fund
Reksa Dana Danareksa Mawar Ekuitas Plus
First State Indoequity Value Select Fund
Reksa Dana Danareksa Mawar Komoditas 10
Reksa Dana Danareksa Mawar Konsumer 10
Reksa Dana Danareksa Mawar Rotasi Sektor
Strategis
Reksa Dana Euro Peregrine Equity
Maybank Gmt Dana Ekuitas
Reksa Dana Gap Equity Focus Fund
Reksa Dana Hpam Saham Dinamis
Reksa Dana Insight Wealth (I-Wealth)
Reksa Dana Kam Kapital Optimal
Reksa Dana Kharisma Kapital Prima
Reksadana Lautandhana Equity
Reksa Dana Lautandhana Equity Plus
Reksa Dana Lautandhana Equity Progresif
Reksa Dana Lautandhana Growth Fund
Reksa Dana Lautandhana Saham Inti
Reksa Dana Lautandhana Saham Lestari
Reksa Dana Lautandhana Saham Likuid
Reksa Dana Lautandhana Saham Mahadi
Reksa Dana Lautandhana Saham Prima
Reksa Dana Lautandhana Value Fund
Reksa Dana Lippo Equity Plus
Reksa Dana Millenium Equity
Reksa Dana Mnc Dana Ekuitas
Reksa Dana Mandiri Dynamic Equity
Mandiri Investa Ugm Endowment Plus
Reksa Dana Mandiri Investa Equity Asean 5
Reksa Dana Mandiri Investa Equity Dynamo
Factor
Reksa Dana Mandiri Investa Equity
Movement
Reksa Dana Mandiri Saham Dinamis
Reksa Dana Manulife Dana Saham Utama
Reksa Dana Manulife Saham Strategi
Unggulan
Reksa Dana Mega Dana Capital Growth
Reksa Dana Millenium Berkembang
Reksa Dana Mandiri Investa Atraktif
Manulife Saham Andalan
Reksa Dana Mnc Dana Saham
Reksa Dana Mnc Dana Saham Ii
Reksa Dana Oso Borneo Equity Fund
Reksa Dana Oso Celebes Equity Fund
Reksa Dana Pacific Equity Growth Fund
Reksa Dana Pacific Equity Flexi Fund
Reksa Dana Pacific Equity Fund
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
24
25
26
27
28
29
30
−
−
31
32
Universitas Sumatera Utara
139.
140.
141.
142.
143.
21PEOF
21PEPF
PACIFIC SY
00D88A
00D79A
144.
145.
146.
147.
148.
149.
150.
151.
152.
153.
KKRDPE
PNMSU
415220040
409702053
00D78A
410321122
00D51E
RDQIS
REOF
ESIAN
154.
155.
156.
157.
158.
159.
160.
161.
162.
163.
164.
165.
166.
167.
0362257943
0092882
0094532
0082982
D0SC07
SIEF
21RSDE
SDPT
000D8T
000D8R
21SMUN
342349962
GARDSSD
356118189
168.
169.
170.
171.
172.
173.
174.
175.
176.
177.
178.
179.
180.
181.
182.
183.
184.
185.
186.
SYAIL MLF
00D2AK
TRIGFE
0090829
LS002SHCDANA
006600829471
000D8O
D0SK02
0084665
SDPD
0085290
0088534
0083154
621306
621303
000D2L
622101
D0TR15
035600246432
Reksa Dana Pacific Equity Optimum Fund
Reksa Dana Pacific Equity Progresif Fund
Reksa Dana Pacific Saham Syariah
Reksa Dana Panin Dana Teladan
Reksa Dana Penyertaan Terbatas Syailendra
Equity Growth Fund
Reksa Dana Phillip Equity
Reksa Dana Pnm Saham Unggulan
Reksa Dana Pratama Dana Atraktif Saham
Reksa Dana Pratama Dana Gemilang Saham
Reksa Dana Pratama Equity
Reksa Dana Premier Ekuitas
Reksa Dana Prospera Dana Berkembang
Reksa Dana Quant Investa Saham
Reksa Dana Rhb Equity Opportunity Fund
Reksa Dana Saham Eastspring Investments
Alpha Navigator
Reksa Dana Sam Dana Cerdas
Manulife Dana Saham
Reksadana Dana Pratama Ekuitas
Rhb Alpha Sector Rotation
Reksa Dana Schroder Dana Prestasi Prima
Reksa Dana Schroder Indo Equity Fund
Reksa Dana Sentra Dana Ekuitas
Reksa Dana Schroder Dana Prestasi
Reksa Dana Simas Saham Bertumbuh
Reksa Dana Simas Saham Unggulan
Reksa Dana Simas Syariah Unggulan
Reksa Dana Sucorinvest Maxi Fund
Reksa Dana Sucorinvest Saham Dinamis
Reksa Dana Syailendra Dana Ekuitas
Sejahtera
Reksa Dana Syailendra Market Leader Fund
Reksa Dana Trimegah Bhakti Bangsa
Reksa Dana Trimegah Gtws Fuji Equity
Schroder Dana Prestasi Plus
Reliance Dana Saham
Reksa Dana Schroder Dana Istimewa
Reksa Dana Simas Danamas Saham
Rhb Prime Equity Fund
Sam Indonesian Equity Fund
Schroder Dana Prestasi Dinamis
Syailendra Equity Opportunity Fund
Semesta Dana Saham
Sucorinvest Equity Fund
Syailendra Dana Ekuitas Plus
Syailendra Equity Alpha Fund
Reksa Dana Trim Kapital Plus
Tf Super Maxxi
Tram Asa Equity
Tram Consumption Plus
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
−
33
34
35
36
37
38
39
40
41
Universitas Sumatera Utara
187.
188.
035600246442
000D2B
Tram Infrastructure Plus
Trim Kapital
−
−
Universitas Sumatera Utara
Lampiran 2 Rincian Sampel yang digunakan
No.
Reksa Dana Saham
Kode
1.
Panin Dana Maksima
0091033
2.
Panin Dana Prima
GR002PRIMASH
3.
Reksa Dana AXA Citradinamis
BIIDINA
4.
Reksa Dana Aberdeen Indonesia Equity Fund
NISP
5.
BNI Reksadana Berkembang
000D1B
6.
Reksadana Dana Ekuitas Andalan
00D42C
7.
Reksa Dana BNP Paribas Insfrastruktur Plus
FOIP
8.
BNP Paribas Ekuitas
0089763
9.
BNP Paribas Pesona
MPPESON
10.
Reksa Dana BNP Paribas Solaris
FOSL
11.
Reksa Dana Dana Ekuitas Prima
RDEP
12.
Batavia Dana Saham Optimal
0086769
13.
Batavia Dana Saham
BAM SAH
14.
Cimb-Principal Equity Aggressive
0099556
15.
Rencana Cerdas
0091017
16.
Grow-2-Prosper
0086504
17.
Reksa Dana Schroder 90 Plus Equity Fund
SPEF
18.
Reksa Dana Danareksa Mawar Fokus 10
RDMF
19.
Danareksa Mawar
RDMW
20.
Reksa Dana Makinta Mantap
00D68D
21.
Reksa Dana Makinta Growth Fund
00D68B
22.
Fs Indoequity Dividend Yield Fund
035600048431
23.
Reksa Dana First State Indoequity Peka Fund
FIPF
24.
First State Indoequity Sectoral Fund
0098566
25.
First State Indoequity Value Select Fund
0085100
26.
Maybank Gmt Dana Ekuitas
0085209
27.
Reksa Dana Lautandhana Equity Progresif
00D54N
Universitas Sumatera Utara
28.
Reksa Dana Millenium Equity
00D61B
29.
Reksa Dana Mnc Dana Ekuitas
BIG-EQ
30.
Mandiri Investa Ugm Endowment Plus
0083303
31.
Reksa Dana Mandiri Investa Atraktif
035600055431
32.
Manulife Saham Andalan
035600022433
33.
Manulife Dana Saham
0092882
34.
Reksadana Dana Pratama Ekuitas
0094532
35.
Rhb Alpha Sector Rotation
0082982
36.
Reksa Dana Schroder Dana Prestasi
SDPT
37.
Schroder Dana Prestasi Plus
0090829
38.
Reksa Dana Schroder Dana Istimewa
006600829471
39.
Reksa Dana Simas Danamas Saham
000D8O
40.
Syailendra Equity Opportunity Fund
0085290
41.
Reksa Dana Trim Kapital Plus
000D2L
Universitas Sumatera Utara
Lampiran 3 Data BI Rate Tahun 2011 - 2014
Tanggal
5-Jan-2011
4-Feb-2011
4-Mar-2011
12-Apr-2011
12-May-2011
9-Jun-2011
12-Jul-2011
9-Aug-2011
8-Sep-2011
11-Oct-2011
10-Nov-2011
8-Dec-2011
12-Jan-12
9-Feb-12
8-Mar-12
12-Apr-12
10-May-12
12-Jun-12
12-Jul-12
9-Aug-12
13-Sep-12
11-Oct-12
8-Nov-12
11-Dec-12
10-Jan-13
12-Feb-13
7-Mar-13
11-Apr-13
14-May-13
13-Jun-13
11-Jul-13
15-Aug-13
12-Sep-13
8-Oct-13
12-Nov-13
12-Dec-13
9-Jan-14
13-Feb-14
13-Mar-14
8-Apr-14
8-May-14
12-Jun-14
10-Jul-14
14-Aug-14
11-Sep-14
7-Oct-14
13-Nov-14
11-Dec-14
BI Rate
6.50 %
6.75 %
6.75 %
6.75 %
6.75 %
6.75 %
6.75 %
6.75 %
6.75 %
6.50 %
6.00 %
6.00 %
6.00%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
5.75%
6.00%
6.50%
6.50%
7.25%
7.25%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.50%
7.75%
Universitas Sumatera Utara
Lampiran 4 Tanggal Efektif Reksa Dana Saham
No.
Reksa Dana Saham
Tanggal Efektif
1.
Panin Dana Maksima
27 Maret 1997
2.
Panin Dana Prima
19 Desember 2007
3.
Reksa Dana AXA Citradinamis
29 Juli 1997
4.
Reksa Dana Aberdeen Indonesia Equity Fund
14 Desember 2007
5.
BNI Reksadana Berkembang
30 September 1996
6.
Reksadana Dana Ekuitas Andalan
30 November 2005
7.
Reksa Dana BNP Paribas Insfrastruktur Plus
8 Maret 2007
8.
BNP Paribas Ekuitas
16 Januari 2001
9.
BNP Paribas Pesona
10 Oktober 1997
10.
Reksa Dana BNP Paribas Solaris
8 April 2008
11.
Reksa Dana Dana Ekuitas Prima
09 Februari 2006
12.
Batavia Dana Saham Optimal
09 Oktober 2006
13.
Batavia Dana Saham
09 Desember 1996
14.
Cimb-Principal Equity Aggressive
17 Juni 2005
15.
Rencana Cerdas
8 Juli 1999
16.
Grow-2-Prosper
22 Maret 2007
17.
Reksa Dana Schroder 90 Plus Equity Fund
1 April 2010
18.
Reksa Dana Danareksa Mawar Fokus 10
22 Feb 2010
19.
Danareksa Mawar
5 Juli 1996
20.
Reksa Dana Makinta Mantap
10 Agustus 2005
21.
Reksa Dana Makinta Growth Fund
22 Februari 2008
22.
Fs Indoequity Dividend Yield Fund
11 Agustus 2005
23.
Reksa Dana First State Indoequity Peka Fund
30 Oktober 2009
24.
First State Indoequity Sectoral Fund
24 Desember 2004
25.
First State Indoequity Value Select Fund
29 Februari 2008
26.
Maybank Gmt Dana Ekuitas
17 April 2007
27.
Reksa Dana Lautandhana Equity Progresif
23 Juni 2009
Universitas Sumatera Utara
28.
Reksa Dana Millenium Equity
5 Maret 2008
29.
Reksa Dana Mnc Dana Ekuitas
10 Juni 2008
30.
Mandiri Investa Ugm Endowment Plus
4 Juni 2008
31.
Reksa Dana Mandiri Investa Atraktif
10 Juni 2005
32.
Manulife Saham Andalan
6 Agustus 2007
33.
Manulife Dana Saham
16 Juli 2003
34.
Reksadana Dana Pratama Ekuitas
12 February 2004
35.
Rhb Alpha Sector Rotation
9 Agustus 2010
36.
Reksa Dana Schroder Dana Prestasi
37.
Schroder Dana Prestasi Plus
12 September 2000
38.
Reksa Dana Schroder Dana Istimewa
21 Desember 2004
39.
Reksa Dana Simas Danamas Saham
24 September 2007
40.
Syailendra Equity Opportunity Fund
41.
Reksa Dana Trim Kapital Plus
28 Mei 1997
31 Mei 2007
18 April 2008
Universitas Sumatera Utara
Lampiran 5 Kinerja Reksa Dana Saham Tahun 2011 – 2014
No
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
Reksa Dana Saham
Panin Dana Maksima
Panin Dana Prima
Reksa Dana AXA
Citradinamis
Reksa Dana Aberdeen
Indonesia Equity Fund
BNI Reksadana Berkembang
Reksadana Dana Ekuitas
Andalan
Reksa Dana BNP Paribas
Insfrastruktur Plus
BNP Paribas Ekuitas
BNP Paribas Pesona
Reksa Dana BNP Paribas
Solaris
Reksa Dana Dana Ekuitas
Prima
Batavia Dana Saham Optimal
Batavia Dana Saham
Cimb-Principal Equity
Aggressive
Rencana Cerdas
Grow-2-Prosper
Reksa Dana Schroder 90 Plus
Equity Fund
Reksa Dana Danareksa Mawar
Fokus 10
Danareksa Mawar
Reksa Dana Makinta Mantap
Reksa Dana Makinta Growth
Fund
Fs Indoequity Dividend Yield
Fund
Reksa Dana First State
Indoequity Peka Fund
First State Indoequity Sectoral
Fund
First State Indoequity Value
Select Fund
Maybank Gmt Dana Ekuitas
Reksa Dana Lautandhana
Equity Progresif
Reksa Dana Millenium Equity
Reksa Dana Mnc Dana
Ekuitas
Mandiri Investa Ugm
Endowment Plus
Reksa Dana Mandiri Investa
Atraktif
Manulife Saham Andalan
2011
0.064700
0.033158
Kinerja Reksa Dana
2012
2013
0.083837
-0.038267
0.138337
-0.006894
2014
0.444092
0.380820
-0.105822
0.129962
-0.116949
0.681923
-0.115580
-0.124495
-0.017273
0.119058
-0.222291
-0.252329
0.591731
0.669038
-0.112135
0.048794
-0.134006
0.689304
-0.156499
-0.055698
-0.035270
0.213300
0.103853
0.125903
-0.118497
-0.161641
-0.161412
0.822504
0.686254
0.644869
-0.110863
0.328470
-0.191351
0.561550
-0.071899
-0.076099
-0.096744
0.214401
0.174447
0.052626
-0.149897
0.023046
-0.005225
0.549145
0.502105
0.530921
-0.091234
-0.047041
-0.137755
-0.018000
0.023367
0.032040
-0.169748
-0.213760
0.327922
0.655153
0.697724
-0.248853
-0.008025
0.045944
-0.099342
0.589227
-0.322630
-0.001803
0.194922
0.185314
-0.003197
0.146588
-0.215735
-0.115976
-0.064029
0.466571
0.538099
0.076507
0.060725
0.073223
-0.133434
0.042768
-0.029333
0.124888
-0.169011
0.656160
0.020061
0.129875
-0.145902
0.550618
-0.008315
0.080503
-0.170875
0.541226
0.010498
-0.031663
0.077623
0.114889
-0.180658
-0.094050
0.449697
0.313392
0.061307
0.081533
0.160046
-0.010674
-0.032236
0.345723
0.746907
-0.029980
-0.016039
0.416310
-0.160726
0.336739
-0.142733
-0.076403
-0.155718
0.661388
-0.101719
-0.095539
0.076479
0.101434
-0.217381
-0.141464
0.649411
0.582776
Universitas Sumatera Utara
33.
34.
35.
36.
37.
38.
39.
40.
41.
Manulife Dana Saham
Reksadana Dana Pratama
Ekuitas
Rhb Alpha Sector Rotation
Reksa Dana Schroder Dana
Prestasi
Schroder Dana Prestasi Plus
Reksa Dana Schroder Dana
Istimewa
Reksa Dana Simas Danamas
Saham
Syailendra Equity Opportunity
Fund
Reksa Dana Trim Kapital Plus
-0.101888
0.146468
-0.171837
0.563815
-0.160465
-0.315345
-0.086137
0.300977
0.102260
0.018063
0.765325
0.774755
0.031503
-0.035968
0.094461
-0.029169
-0.045871
-0.124251
0.637404
0.646114
0.016088
0.066792
-0.078500
0.594591
-0.173866
-0.234283
-0.022955
0.685985
-0.043568
0.037882
0.417702
0.212791
-0.191468
-0.259429
0.291137
0.533222
Universitas Sumatera Utara
Lampiran 6 Fund Longevity (Reksa Dana Saham) Tahun 2011 – 2014
No
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
Reksa Dana Saham
Panin Dana Maksima
Panin Dana Prima
Reksa Dana AXA Citradinamis
Reksa Dana Aberdeen Indonesia Equity Fund
BNI Reksadana Berkembang
Reksadana Dana Ekuitas Andalan
Reksa Dana BNP Paribas Insfrastruktur Plus
BNP Paribas Ekuitas
BNP Paribas Pesona
Reksa Dana BNP Paribas Solaris
Reksa Dana Dana Ekuitas Prima
Batavia Dana Saham Optimal
Batavia Dana Saham
Cimb-Principal Equity Aggressive
Rencana Cerdas
Grow-2-Prosper
Reksa Dana Schroder 90 Plus Equity Fund
Reksa Dana Danareksa Mawar Fokus 10
Danareksa Mawar
Reksa Dana Makinta Mantap
Reksa Dana Makinta Growth Fund
Fs Indoequity Dividend Yield Fund
Reksa Dana First State Indoequity Peka Fund
First State Indoequity Sectoral Fund
First State Indoequity Value Select Fund
Maybank Gmt Dana Ekuitas
Reksa Dana Lautandhana Equity Progresif
Reksa Dana Millenium Equity
Reksa Dana Mnc Dana Ekuitas
Mandiri Investa Ugm Endowment Plus
Reksa Dana Mandiri Investa Atraktif
Manulife Saham Andalan
Manulife Dana Saham
Reksadana Dana Pratama Ekuitas
Rhb Alpha Sector Rotation
Reksa Dana Schroder Dana Prestasi
Schroder Dana Prestasi Plus
Reksa Dana Schroder Dana Istimewa
Reksa Dana Simas Danamas Saham
Syailendra Equity Opportunity Fund
Reksa Dana Trim Kapital Plus
Fund Longevity (Tahun)
2011
2012
2013
14.83
15.83
16.83
4.00
5.00
6.00
14.50
15.50
16.50
4.00
5.00
6.00
15.33
16.33
17.33
6.17
7.17
8.17
4.83
5.83
6.83
11.00
12.00
13.00
14.25
15.25
16.25
3.75
4.75
5.75
5.92
6.92
7.92
5.25
6.25
7.25
15.08
16.08
17.08
6.58
7.58
8.58
12.50
13.50
14.50
4.83
5.83
6.83
1.75
2.75
3.75
1.92
2.92
3.92
15.50
16.50
17.50
6.42
7.42
8.42
3.92
4.92
5.92
6.42
7.42
8.42
2.25
3.25
4.25
7.08
8.08
9.08
3.92
4.92
5.92
4.75
5.75
6.75
2.58
3.58
4.58
3.83
4.83
5.83
3.58
4.58
5.58
3.58
4.58
5.58
6.58
7.58
8.58
4.42
5.42
6.42
8.50
9.50
10.50
7.92
8.92
9.92
1.42
2.42
3.42
14.67
15.67
16.67
11.33
12.33
13.33
7.08
8.08
9.08
4.33
5.33
6.33
4.67
5.67
6.67
3.75
4.75
5.75
2014
17.83
7.00
17.50
7.00
18.33
9.17
7.83
14.00
17.25
6.75
8.92
8.25
18.08
9.58
15.50
7.83
4.75
4.92
18.50
9.42
6.92
9.42
5.25
10.08
6.92
7.75
5.58
6.83
6.58
6.58
9.58
7.42
11.50
10.92
4.42
17.67
14.33
10.08
7.33
7.67
6.75
Universitas Sumatera Utara
Lampiran 7 Fund Cash Flow (Reksa Dana Saham) Tahun 2011 – 2014
No
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
Reksa Dana Saham
Panin Dana Maksima
Panin Dana Prima
Reksa Dana AXA Citradinamis
Reksa Dana Aberdeen Indonesia Equity
Fund
BNI Reksadana Berkembang
Reksadana Dana Ekuitas Andalan
Reksa Dana BNP Paribas Insfrastruktur
Plus
BNP Paribas Ekuitas
BNP Paribas Pesona
Reksa Dana BNP Paribas Solaris
Reksa Dana Dana Ekuitas Prima
Batavia Dana Saham Optimal
Batavia Dana Saham
Cimb-Principal Equity Aggressive
Rencana Cerdas
Grow-2-Prosper
Reksa Dana Schroder 90 Plus Equity Fund
Reksa Dana Danareksa Mawar Fokus 10
Danareksa Mawar
Reksa Dana Makinta Mantap
Reksa Dana Makinta Growth Fund
Fs Indoequity Dividend Yield Fund
Reksa Dana First State Indoequity Peka
Fund
First State Indoequity Sectoral Fund
First State Indoequity Value Select Fund
Maybank Gmt Dana Ekuitas
Reksa Dana Lautandhana Equity Progresif
Reksa Dana Millenium Equity
Reksa Dana Mnc Dana Ekuitas
Mandiri Investa Ugm Endowment Plus
Reksa Dana Mandiri Investa Atraktif
Manulife Saham Andalan
Manulife Dana Saham
Reksadana Dana Pratama Ekuitas
Rhb Alpha Sector Rotation
Reksa Dana Schroder Dana Prestasi
Schroder Dana Prestasi Plus
Reksa Dana Schroder Dana Istimewa
Reksa Dana Simas Danamas Saham
Syailendra Equity Opportunity Fund
Reksa Dana Trim Kapital Plus
2011
0.059586
0.031043
-0.02693
Fund Cash Flow
2012
2013
-0.00875 0.023886
-0.01783 0.070252
0.036033 0.0574
2014
-0.01217
-0.02723
-0.02172
-0.00249
0.012302
0.006849
-0.05873
-0.00555
-0.03099
-0.0482
0.048674
-0.02552
-0.0163
-0.00068
0.113699
-0.03108
-0.00618
0.023032
0.018974
0.056881
0.014414
0.106282
-0.01597
0.014927
0.009537
0.064591
0.001766
0.007666
0.007061
-0.01088
-0.00442
0.00049
-0.01692
-0.02238
0.107831
0.028955
0.100682
-0.02184
0.03809
-0.01113
-0.03764
-0.06492
-0.05219
-0.02134
0.007534
0.115404
0.052846
0.048028
-0.00329
-0.00767
-0.00741
0.055149
0.050993
0.08989
0.010288
-0.02081
0.701314
-0.00352
0.011167
-0.04705
-0.0069
-0.00542
0.264478
0.078545
-0.03225
-0.013
-0.07411
-0.06611
0.059955
0.008285
0.067465
0.002
-0.03535
0.003869
-0.00777
-0.01346
-0.01315
-0.01102
0.016536
0.178096
0.004253
0.03504
0.047732
-1.7E-07
-0.01393
0.144174
0.138198
0.016718
-0.01367
0.018352
0.02034
0.021586
0.034356
-0.02265
0.061133
0.043001
0.091823
0.03578
0.169747
0.022354
-0.01619
-0.01225
0.012249
0.182515
0.115045
-0.05883
-0.0486
-0.01376
-0.00685
-0.022
0.084008
-0.04776
-0.0218
-0.015
-0.00569
0.091255
-0.00523
-0.01914
-0.017
0.044688
-0.00039
2.83E-17
1.78933
-0.01387
0.058459
-0.01075
0.025014
-0.01775
-0.02234
0.04129
0.093555
-0.00172
-0.00339
0.096417
0.011585
-0.02156
-9.9E-05
-0.03089
-0.00248
-0.0189
-0.06169
0.18888
-0.06031
0.284983
0.021028
0.008895
-0.01841
0.087503
0.084831
0.011704
-0.01226
-0.02754
-0.0196
-0.0252
-0.04621
Universitas Sumatera Utara
Lampiran 8 Fund Size (Reksa Dana Saham) Tahun 2011 – 2014
No
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
Reksa Dana Saham
Panin Dana Maksima
Panin Dana Prima
Reksa Dana AXA Citradinamis
Reksa Dana Aberdeen Indonesia Equity
Fund
BNI Reksadana Berkembang
Reksadana Dana Ekuitas Andalan
Reksa Dana BNP Paribas Insfrastruktur
Plus
BNP Paribas Ekuitas
BNP Paribas Pesona
Reksa Dana BNP Paribas Solaris
Reksa Dana Dana Ekuitas Prima
Batavia Dana Saham Optimal
Batavia Dana Saham
Cimb-Principal Equity Aggressive
Rencana Cerdas
Grow-2-Prosper
Reksa Dana Schroder 90 Plus Equity Fund
Reksa Dana Danareksa Mawar Fokus 10
Danareksa Mawar
Reksa Dana Makinta Mantap
Reksa Dana Makinta Growth Fund
Fs Indoequity Dividend Yield Fund
Reksa Dana First State Indoequity Peka
Fund
First State Indoequity Sectoral Fund
First State Indoequity Value Select Fund
Maybank Gmt Dana Ekuitas
Reksa Dana Lautandhana Equity Progresif
Reksa Dana Millenium Equity
Reksa Dana Mnc Dana Ekuitas
Mandiri Investa Ugm Endowment Plus
Reksa Dana Mandiri Investa Atraktif
Manulife Saham Andalan
Manulife Dana Saham
Reksadana Dana Pratama Ekuitas
Rhb Alpha Sector Rotation
Reksa Dana Schroder Dana Prestasi
Schroder Dana Prestasi Plus
Reksa Dana Schroder Dana Istimewa
Reksa Dana Simas Danamas Saham
Syailendra Equity Opportunity Fund
Reksa Dana Trim Kapital Plus
2011
29.19078
27.75735
24.75693
Fund Size
2012
2013
29.16455 29.44204
27.54254 28.34641
25.21391 25.79331
2014
29.51868
28.18017
25.74859
25.4616
24.75599
24.07378
24.1226
24.34486
27.59492
24.38015
26.83817
24.35419
26.41362
24.5913
27.68912
27.89779
27.98763
28.49597
29.65821
29.52833
28.43601
27.7308
27.01165
25.4437
26.59909
24.06969
25.41142
24.37067
29.51678
26.73675
26.29961
24.46081
23.97823
24.68942
29.3952
28.19826
29.06325
27.08636
26.13845
26.40228
24.48761
25.33484
23.94726
28.7668
26.19961
26.08804
24.5751
24.20136
25.35584
29.30397
28.0328
28.86705
27.47585
26.75299
27.43036
24.49568
24.96105
25.67509
28.68474
26.17542
25.44142
24.50301
24.06295
26.65326
29.13234
28.1056
28.14626
26.5397
27.62604
27.73936
25.34389
25.27734
25.22234
28.95422
26.28932
25.46851
24.43884
24.00616
27.03277
25.83868
27.61073
27.23494
27.43454
28.14702
25.23951
25.08318
24.90218
24.06307
26.32996
25.61583
27.46325
28.08985
28.75685
24.90186
24.02387
28.21485
30.03688
28.90536
25.97935
27.33984
27.1303
28.46774
25.0952
25.03139
25.15922
25.46285
27.58041
24.86651
26.93642
28.00566
28.78996
24.60308
25.08136
27.70614
29.80786
28.78912
25.79382
28.25877
27.18988
28.19533
25.30613
25.02161
25.1746
26.24303
27.38182
25.09604
26.68223
28.22184
28.53282
24.45347
25.61151
28.71952
29.76802
28.73222
26.75641
28.24297
26.76516
28.02024
25.47066
24.9562
24.13212
26.18185
26.76635
26.76727
27.10895
28.53405
28.53138
25.74648
26.85584
29.07132
29.85923
28.6423
26.69306
28.11579
26.45945
Universitas Sumatera Utara
Lampiran 9 Daftar Tabel Hasil Pengujian
Tabel 4.1
Statistik Deskriptif dari Kinerja Reksa Dana, Fund Longevity, Fund Cash
Flow, dan Fund Size
Mean
Median
Maximum
Minimum
Std. Dev.
Kinerja
Fund Longevity Fund Cash Flow
0.118158
8.451220
0.032662
0.027435
7.000000
-8.62E-08
0.822504
18.50000
1.789330
-0.322630
1.416667
-0.074111
0.290205
4.466835
0.158920
Observations
164
Cross sections
41
Sumber: Hasil Olahan Eviews 7 (2016)
164
41
Fund Size
26.71013
26.74487
30.03688
23.94726
1.696539
164
41
164
41
Tabel 4.2 Uji Multikolinearitas dengan Matriks Korelasi
Fund Longevity
Fund Longevity
1
Fund Cash Flow
-0.104339
Fund Size
0.179141
Sumber: Hasil Olahan Eviews 2016
Fund Cash Flow
-0.104339
1
-0.026650
Fund Size
0.179141
-0.026650
1
Tabel 4.3 Uji Heteroskedastisitas dengan Uji White
Heteroskedasticity Test: White
F-statistic
1.795377
Prob. F(3,160)
0.1502
Obs*R-squared
5.340988
Prob. Chi-Square(3)
0.1485
Scaled explained SS
3.837366
Prob. Chi-Square(3)
0.2796
Sumber: Hasil Olahan Eviews 2016
Tabel 4.4 Uji Autokorelasi dengan Uji Durbin-Watson
F-statistic
1.795377
Prob(F-statistic)
Sumber: Hasil Olahan Eviews 2016
0.150201
Durbin-Watson stat
2.095737
Universitas Sumatera Utara
Tabel 4.5 Hasil dari Uji Chow
Redundant Fixed Effects Tests
Pool: JULIA
Test cross-section fixed effects
Effects Test
Statistic
Cross-section F
Cross-section Chi-square
d.f.
Prob.
(40,120)
40
0.0122
0.0007
Chi-Sq.
Statistic
Chi-Sq. d.f.
Prob.
64.924692
3
0.0000
1.731667
74.729096
Sumber: Hasil Olahan Eviews 2016
Tabel 4.6 Hasil dari Uji Hausman
Correlated Random Effects - Hausman Test
Pool: JULIA
Test cross-section random effects
Test Summary
Cross-section random
Sumber: Hasil Olahan Eviews 2016
Tabel 4.7 Pengujian Regresi Berganda Model Data Panel
Dependent Variable: KINERJA?
Method: Pooled Least Squares
Date: 10/18/16 Time: 22:29
Sample: 2011 2014
Included observations: 4
Cross-sections included: 41
Total pool (balanced) observations: 164
Variable
Coefficient
Std. Error
t-Statistic
Prob.
FUNDLONGEVITY?
0.144494
FUNDCASHFLOW?
0.130585
FUNDSIZE?
0.067335
C
-2.905776
Sumber: Hasil Olahan Eviews 2016
0.019536
0.166169
0.049233
1.265652
7.396376
0.785853
1.367673
-2.295874
0.0000
0.4335
0.1740
0.0234
Universitas Sumatera Utara
Tabel 4.8 Nilai statistik dari Uji f, Uji t dan Koefisien Determinasi
Dependent Variable: KINERJA?
Method: Pooled Least Squares
Date: 10/18/16 Time: 22:29
Sample: 2011 2014
Included observations: 4
Cross-sections included: 41
Total pool (balanced) observations: 164
Variable
Coefficient
Std. Error
t-Statistic
Prob.
FUNDLONGEVITY?
FUNDCASHFLOW?
FUNDSIZE?
C
0.144494
0.130585
0.067335
-2.905776
0.019536
0.166169
0.049233
1.265652
7.396376
0.785853
1.367673
-2.295874
0.0000
0.4335
0.1740
0.0234
Effects Specification
Cross-section fixed (dummy variables)
R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
Log likelihood
F-statistic
Prob(F-statistic)
0.397988
0.182268
0.262428
8.264221
12.30442
1.844923
0.005037
Mean dependent var
S.D. dependent var
Akaike info criterion
Schwarz criterion
Hannan-Quinn criter.
Durbin-Watson stat
0.118158
0.290205
0.386532
1.218203
0.724159
3.221781
Sumber: Hasil Olahan Eviews 2016
Universitas Sumatera Utara