| The research of this thesis was carried out on the products out on products of Reksa Dana Equity and Reksa Dana Fixed Income available in Indonesia and which are effectively traded during the period of January 2003 through December 2005. The objective of this thesis is to study the performance of the abovementioned Reksa Dana products by using Sharpe Method, in order to obtain the performance grade of the said Reksa Dana. This study is also intended to compare the products performance mean between the Reksa Dana Equity and the Reksa Dana Fixed Income managed by the investment manager of the National status group and the Reksa Dana Equity and the Reksa Dana Fixed Income managed by investment manager of the Sharing status group. Furthermore, it has the purpose to compare the products performance of the Reksa Dana Equity and Reksa Dana Fixed Revenue with the market performance of the Composite Stock Prices Index as the benchmark. The object of the study 21 products of Reksa Dana Equity and 116 products of Reksa Dana Fixed Revenue registered in the Research Bureau of BAPEPAM during the period of 2003 through 2005. In principle the research techic used in analysing the performance each of Reksa Dana Funds was Sharpe Measure which was based on the calculation at the level of portfolio risk premium, that is, the difference of the performance mean between the Reksa Dana funds and the investment of risks free with deviation standard of the portfolio return range. The result of the research showed that based on the performance measurement, the short term and long term periods of Reksa Dana Equity Funds products are stable. Meanwhile, the short term period of Reksa Dana Fixed Income Funds is more fluctuative, the excellent performance proved by the Reksa Dana Funds in the early stage of its shortterm period did not appear in the next period. In long term periods the performance mean of the ‘Reksa Dana equity funds’ and the ‘Reksa Dana Fixed Income’ products managed by the Invesment Manager of the Sharing status group is bigger than of the National status group is bigger than National status group. The statistical test indicated that no significant difference between the performance of the Reksa Dana Equity Funds or Fixed Revenue managed by the National Status Group and the Sharing Status group. The selection of Reksa Dana Equity Funds Rencana Cerdas was based on the consideration that this fund is the best product which has reached the performance grade on “out perform market” and included in the products group of “big five” since the first period of the year 2003 through 2005. It will be better to select the short term period product of the Reksa Dana Fixed Income Funds since is categorized as one of the “big five group” in the first period that will not come up in the next period.. |