ART Yosefa Susiana Evaluasi Kinerja Reksa Dana Saham Abstrak
.
,
(
ｊｾＮ＠
Ekonom1
ｾｂｩｳｮ＠
./
'
.
ｾ＠
,.;·,.,.
....
.·
.
::.- :
ｾ＠
.\
ﾷｾ＠
,·.......
!.
..
Determinant Factors ofReal Exchange Rates: The Behavioral Equilibrium Exchange
Rates Model (The Beer Model)
1-15
Ade Komaludin
Evaluasi Kinerja Reksa Dana Saham di Indonesia Tahun 2006
17-33
Yosefa Susiana &Arnold Kaudin
Analisis Metode Akuntansi Persediaan Fifo Dan Rata-rata dalam Mencerminkan
Market Value Perusahaan
35-45
Henry Kurniawan Wiryadi & Supatmi
In vestasi Berbasis Syariah di Pasar Modal Indonesia
47-54
Maria Rio Rita
Pengaruh Audit Operasional Terhadap Implementasi Strategi dan Dampaknya pada
I ,aha Operasi (Sensus pada Bank Pemerintah Daerah Kabupaten Tasikmalaya)
55-73
Dedi Kusmayadi
I' he Adoption ofPush-pull and Mooring Model for Small Industry In Indonesia
75-88
Ollivia Listyarini, Jony Oktavian Haryanto & Bona Christanto Siahaan
Lfektivitas Iklan Televisi Partai Gerindra berdasarkan Metode Customer Response
Index (CRI) di Salatiga
Sandy Surya Utama, Roos KitiesAndadari & Eko Suseno HR Matrutty
89-102
EVALUASI KINERJA REKSA DANA SAHAM
DI INDONESIA TAHUN 2006
Yosefa Susiana
Alumnus Faku/tas Ekonomika dan Bi.rni.r Universitas Kri.rten Sarya Wacana. Sa/atiga
Amold.Kaudin
Faku/ta.r Ekonomika dan Bisnis Uni11ersitas Kristen Sarya Wacana. Salatiga
For the last ft.'w years equity funds have become a more iureresti11g inve.vrmem alremati'l-'t! for sophisriwted and
big iuve.Hor.f in lndo11esia as there has been a long-term down trend in the interest raft' the bank offered. ;h rhne
were more than 100 equity fimd.r operati11g alrmg 2006, iuvesror.r may have faced a difficulty to determine the
o11e.r who perform well. Some studies have been cmulucre.d to derermi11e the perfomwuce of equity f unds in
Indonesia. However, the publication of equity ju11d.r fJerformance was lack of colltinuiry. Also. the return that
was usually puiJiished was the IWII risk-adjusted rerum. The purpo.re of this study wa.r to evalrtare the ri.rk.adjmred performallce of equity funds which were i11vesedr in !ndone.ria along the year 2006.
The samples werre 28 equity frmd.r which operated along the year 2006. The method.r applied to deremrine rlre
pnformance are Sharpe :rand Treynor :f Measure, Jensen :r alpha and Henriks.wm and Merto11 Model. Tile Slrarpe :1·
and Treyuor :r Mea.wre are u.red to arrange the performance rank.
We.f(mnd that equityfimds with superior 11011 risk-adjusted rerum.r were nor cmJ.sisrenrly superior i11 term of ri.fkadjusted retums. We'ai.HJ.fmmd that different methods applied to valuing the performance may /rave had differel/t
result. We {Jeliel'e that good equity funds were the o11e.r which consi.Hellfly had good perfomumce based 011
､ｾｦ･ｲｮｴ＠
measurement methods applied.
ｋ･ｹｷｯｲ､
Ｎ ｾ Ｚ＠
performance ofmurrtal funds. Jell.fen Ｚ ｾｍ･｡ｳｵｲ
Trey11or:r Mea.wre
･Ｌ＠
He11riks.wn wui Merton :r Mea.w re. ｓｨ｡ｲｰ
･Ｚｾ＠
Mea.wre.
17
,
(
ｊｾＮ＠
Ekonom1
ｾｂｩｳｮ＠
./
'
.
ｾ＠
,.;·,.,.
....
.·
.
::.- :
ｾ＠
.\
ﾷｾ＠
,·.......
!.
..
Determinant Factors ofReal Exchange Rates: The Behavioral Equilibrium Exchange
Rates Model (The Beer Model)
1-15
Ade Komaludin
Evaluasi Kinerja Reksa Dana Saham di Indonesia Tahun 2006
17-33
Yosefa Susiana &Arnold Kaudin
Analisis Metode Akuntansi Persediaan Fifo Dan Rata-rata dalam Mencerminkan
Market Value Perusahaan
35-45
Henry Kurniawan Wiryadi & Supatmi
In vestasi Berbasis Syariah di Pasar Modal Indonesia
47-54
Maria Rio Rita
Pengaruh Audit Operasional Terhadap Implementasi Strategi dan Dampaknya pada
I ,aha Operasi (Sensus pada Bank Pemerintah Daerah Kabupaten Tasikmalaya)
55-73
Dedi Kusmayadi
I' he Adoption ofPush-pull and Mooring Model for Small Industry In Indonesia
75-88
Ollivia Listyarini, Jony Oktavian Haryanto & Bona Christanto Siahaan
Lfektivitas Iklan Televisi Partai Gerindra berdasarkan Metode Customer Response
Index (CRI) di Salatiga
Sandy Surya Utama, Roos KitiesAndadari & Eko Suseno HR Matrutty
89-102
EVALUASI KINERJA REKSA DANA SAHAM
DI INDONESIA TAHUN 2006
Yosefa Susiana
Alumnus Faku/tas Ekonomika dan Bi.rni.r Universitas Kri.rten Sarya Wacana. Sa/atiga
Amold.Kaudin
Faku/ta.r Ekonomika dan Bisnis Uni11ersitas Kristen Sarya Wacana. Salatiga
For the last ft.'w years equity funds have become a more iureresti11g inve.vrmem alremati'l-'t! for sophisriwted and
big iuve.Hor.f in lndo11esia as there has been a long-term down trend in the interest raft' the bank offered. ;h rhne
were more than 100 equity fimd.r operati11g alrmg 2006, iuvesror.r may have faced a difficulty to determine the
o11e.r who perform well. Some studies have been cmulucre.d to derermi11e the perfomwuce of equity f unds in
Indonesia. However, the publication of equity ju11d.r fJerformance was lack of colltinuiry. Also. the return that
was usually puiJiished was the IWII risk-adjusted rerum. The purpo.re of this study wa.r to evalrtare the ri.rk.adjmred performallce of equity funds which were i11vesedr in !ndone.ria along the year 2006.
The samples werre 28 equity frmd.r which operated along the year 2006. The method.r applied to deremrine rlre
pnformance are Sharpe :rand Treynor :f Measure, Jensen :r alpha and Henriks.wm and Merto11 Model. Tile Slrarpe :1·
and Treyuor :r Mea.wre are u.red to arrange the performance rank.
We.f(mnd that equityfimds with superior 11011 risk-adjusted rerum.r were nor cmJ.sisrenrly superior i11 term of ri.fkadjusted retums. We'ai.HJ.fmmd that different methods applied to valuing the performance may /rave had differel/t
result. We {Jeliel'e that good equity funds were the o11e.r which consi.Hellfly had good perfomumce based 011
､ｾｦ･ｲｮｴ＠
measurement methods applied.
ｋ･ｹｷｯｲ､
Ｎ ｾ Ｚ＠
performance ofmurrtal funds. Jell.fen Ｚ ｾｍ･｡ｳｵｲ
Trey11or:r Mea.wre
･Ｌ＠
He11riks.wn wui Merton :r Mea.w re. ｓｨ｡ｲｰ
･Ｚｾ＠
Mea.wre.
17