| Currently in Indonesia, there are a lot of Equity Funds (EF) available. To assist investor in choosing the right EF, a performance measurement should used. The objective of this research is to measure the performance of EF in Indonesia from January 2003 - December 2004 and to identify the EF products that have the best performance during the duration of the research and to identify the best three EF based on their performance in the period of January 2003-December 2004. In addition, the objective of this research is identify whether the performance of the EFs that their Investment managers are affiliated with commercial banks are better compare to the performance of the EFs that their Investment managers are not affiliated with commercial banks. Mean while, this research is also compare the performance of the EFs that their Investment managers are foreign compare to the performance of the EFs that their Investment managers are local. Which EFs that perform above the market (outperformed the market) and is there any correlation between the performance of EFs that are run by investment managers that affOiated with commercial banks and the performance of EF that ran by investment managers mat affiliated with foreign banks. To conduct the research, the author used the Sharpe Method, Mann-Whitney's two unrelated sample and Pearson correlation. The research period is divided into two period; January - December 2003 and January - December 2004. The results from the data analists .shows that between January - December 2003, the big three EFs are "Panin Dana Makskna", "Schroder Dana Prestasi Plus", and "Banana Dana Prima* and for the period of Januari-Desember 2004 are "Dana Megah Kaprtal", "Si Dana Saham", dan "Schroder Dana Prestasi Plus". . The EFs mat out performed the market between January -December 2003 are "Panin Dana Maksima", Schroder Dana Prestasi PkisVBanana Dana Prima", "Rencana Cerdas", "Danareksa Mawar" and "PhinislSJana Saham", and for the the period of January - December 2004 are "Dana Megah Kabrtal", "Si Dana.Saham", "Schroder Dana Prestasi Plus", Rencana Cerdas", ABN Amro Indonesia Dana Saham", "Arjuna", and "Reksadana Nikko Saham Nusantara*. There is no significant different in performance, between EFs that run by commercial bank Affiliated investment manager and by non comerctal bank affiliated investment manager. This trend is the same with EFs that run by local investment managers compare with EFs that run by foreign investment managers. Based on the Pearson test, EF performance has no correlation with the status of the investment manager (commercial bank and foreign) in the period of the research. In summary, public. Hill be investors and investors can consider EF as an alternative investment because it a good return and performance, especially. EF "Schroder Dana Prestasi Plus" and Rencana Cerdas", because the two EF outperformed the market during the research period. For "Schroder Dana Prestasi Pius", it always stay in the big three during the period of the research. |