Open AccessPerformance Evaluation of Equity Funds: 2017-2019
Author(s) -
Rivandi Uchok Imanuel Sianipar,
Bambang Mulyana,
Sri Marti Pramudena
Publication year - 2021
Publication title -
journal of business and management studies
Language(s) - English
Resource type - Journals
ISSN - 2709-0876
DOI - 10.32996/jbms.2021.3.2.5
Subject(s) - sharpe ratio , mutual fund , fund of funds , closed end fund , fund administration , income fund , target date fund , private equity fund , stock (firearms) , open end fund , business , economics , finance , portfolio , institutional investor , private equity , corporate governance , market liquidity , mechanical engineering , engineering
Mutual funds are said to perform very well if they can provide a higher rate of return and minimize risk. This study aims to find out if the performance of stock mutual funds has a better performance than the market as a comparison (JCI) using sharpe and jensen methods and to find out if there is a difference in the rating of stock mutual fund performance measurement results between sharpe method and Jensen method.The analysis results using Sharpe method and Jensen method show that 30 mutual funds have a good performance where the performance value of stock mutual funds from sharpe and jensen method is above the average market value (JCI). The result of Sharpe method in 2017 shows that the best performing stock mutual fund is Batavia Stock Fund Optimal Stock Fund. In 2018 and 2019, the best performance was the Sucorivest Maxi Fund, while the result of Jensen's method in 2017, the best performing stock mutual fund was the Sucorivest Maxi Fund. In 2018, it showed the best performance, namely Trim Kapital Equity Fund. The Bahana Trailblazer Fund occupied the highest performance value in 2019. However, each equity fund will experience a change in its rating every year. For the best mutual funds in this research year.