Analisis Kinerja Reksadana Pendapatan Tetap dan Reksadana Campuran pada Manajer Investasi Terbaik Tahun 2012-2014

Abstract

This study aims to determine whether there are significant performance differences between fixed income funds and mixed funds the best investment managers in 2012-2014 when measured using the Sharpe and Treynor method. In addition this study also aims to determine the performance of the mutual fund investor to be taken into consideration in the decision. The population used in this study were all fixed income funds and mixed registered in BAPEPAM and OJK. The sample used in this study were 12 active investment managers best issuing fixed income funds and mixed during the years 2012-2014. Variables used in this study are the variables contained in Sharpe and Treynor method is Return on average portfolio i in period t or Rh, Risk Free, standard deviation as a measure of the level of data storage as well as beta as a risk measure of the performance of mutual funds. The analytical tool used two different test average (Independent Sample T-Test) between the performance of a mix of fixed income mutual funds and the mixture is measured using Treynor and Sharpe. The results overall performance of the fixed income funds and mixed in the years 2012-2014 shows the results varied when measured using the method Sharpe and Treynor. Performance is measured using Treynor method is better because its significance ≥ 0.05 results showed a significant difference compared with the method of Sharpe.