ANALISIS KINERJA REKSA DANA DI INDONESIA

Abstract

ABSTRACT
The purpose of this research is to determine a persistency and consistency on mutual fund performance in Indonesia. The sample of this research is a equity fund that listed on financial service authorithy in 2014 – 2015 as much as 57 equity fund. To determine a persistency this research used a simple regression analysis, before simple regression analysis can be done the data has to pass a normality test. To determine a consistency this research used a Kendall’s W test to analyze a consistency between mutual fund performance measurement models Index Sharpe, Index Treynor, and Index Jensen. In this research is found that past performance of mutual fund in Indonesia can predict future performance of mutual fund in Indonesia and also found that a mutual fund performance measurement model Index Sharpe, Index Treynor, and Index Jensen have a low consistency.
Keywords: Persistency, Consistency, Performance of Mutual Fund, Index Sharpe, Index Treynor, and Index Jensen.