The research in this thesis based on the mutual fund products in Indonesia; those are 20 active mutual fund products during period January 2005 – December 2006. This thesis aims to measure the performance of those products using Sharpe method. The outcome from this measurement using Sharpe method is to get the performance rank of those mutual fund products according to their category From this research, it is found that during period of research January 2005 – December 2006, the Mutual Fund products that is managed by Joint Venture Investment Manager gives a better performance than those that is managed by National Investment Manager. Likewise, those Mutual Fund products managed by Investment Manager Affiliated with Public Bank show a better performance than Investment Manager Non Affiliation with Public Bank. During the research period, January 2005 – December 2006, it is concluded that the product: “Fortis Equitas” have the best performance for the category managed by Joint Venture Investment Manager and also for category Investment Manager Non Affiliation with Public Bank, for category managed by Investment Manager Affiliated with Public Bank and also for category National Investment Manager, “Panin Dana Maksima” have the best
performance. |