PERBANDINGAN KINERJA REKSADANA SYARIAH DENGAN REKSADANA KONVENSIONAL (Studi Danareksa Syariah Berimbang dan Danareksa Anggrek pada PT Danareksa Investment Management Periode 2005-2007)

HIKMAH SUCININGTYAS, INAYATUL (2009) PERBANDINGAN KINERJA REKSADANA SYARIAH DENGAN REKSADANA KONVENSIONAL (Studi Danareksa Syariah Berimbang dan Danareksa Anggrek pada PT Danareksa Investment Management Periode 2005-2007). Other thesis, Universitas Sebelas Maret Surakarta .

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    Abstract

    The problems of the previous research is just partial evaluation for portfolio performance, for examples; (1) comparation between mutual funds with its market index, or (2) comparation between shariah mutual funds with conventional mutual funds. This research combine those two methods to investigate shariah portfolio performance with conventional portfolio performance furthermore can give comprehensive investigation portfolio performance for investors and potential investors for making decision to invest or not to invest in mutual funds. The objective of this research is to evaluate the balanced shariah mutual fund performance compared with the balanced conventional mutual fund performance during the 2005-2007 focus on performance comparation between Danareksa Syariah Berimbang with Danareksa Anggrek. An aid that is used in statistic test are Statistical Product and Service Solution (SPSS) ver. 15.0 for Windows and Microsoft Excel 2003, whereas the data were Net Assets Value per Unit (NAV/unit), Composite Index (IHSG), Jakarta Islamic Index (JII) and Indeks LQ45 daily, bank rate of Sertifikat Bank Indonesia (SBI) and Sertifikat Wadiah Bank Indonesia (SWBI) monthly period 2005-2007. Mutual fund performance can be measured by using Jensen Index, Sharpe Index and Treynor Index. The statistic methods used to test hypothesis are independent sample t-test, paired sample t-test and simple regression analysis. Finally, the results show that the shariah mutual funds have been able to outperform the shariah indexs (JII), the conventional mutual funds has been able to outperform the conventional indexs (LQ45) and the conventional mutual funds has been able to outperform the shariah mutual funds. According to unsignificant result of statistical test in this research, it gives implication to investors and potential investors that they have options to switch between shariah mutual funds and conventional mutual funds depending on the market conditions and their personal preferences. Keywords: shariah mutual funds, conventional mutual funds, the shariah index (JII) the conventional index (LQ45).

    Item Type: Thesis (Other)
    Subjects: H Social Sciences > HB Economic Theory
    Divisions: Fakultas Ekonomi
    Depositing User: Riza Umami Nur K
    Date Deposited: 20 Jul 2013 20:16
    Last Modified: 20 Jul 2013 20:16
    URI: https://eprints.uns.ac.id/id/eprint/7287

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