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"ABSTRAK This study examines an association od risk and returns of REIT's from Malaysian REIT's listed companies. The secondary data for analysis is retrieved from Bloomberg's Database of all 13 listed REIT's in the Bursa Malaysia main market for three year period, from 2007 to 2009 with quarterly observation. The dependent variables are average return, expected return using Capital Asset Pricing Model, Sharpe Index, and Jensen Alpha Index. The independent variables represented by stadard deviation, beta, trading volume, gross domestic product, inflate rate , and share price. The control variable for this study type of REITs, whether it was categorized as Islamic or conventional REITs. Applying correlations and multiple regression analysis, the results provide evidence on the association between return and risk on REITs. This study is also hoped to bring benefits to the public listed company and shareholders in obtaining the key factors in determining the REITs yield."

"Seiring dengan semakin banyaknya produk reksa dana yang ditawarkan, maka reputasi pengelola reksa dana atau manajer investasi menjadi faktor yang sangat penting. Akan tetapi, reksa dana yang dikelola oleh manajer investasi yang berkualitas dan berpengalaman belum tentu mampu memberikan return yang memuaskan bila dibandingkan dengan tingkat risiko yang dihadapi oleh investor dan return pasar. Oleh karena itu, diperlukan analisis terhadap reksa dana yang dikelola oleh manajer investasi tersebut, yang dalam hal ini adalah PT. Manulife Aset Manajemen Indonesia. Tesis ini membahas analisis return reksa dana saham dengan metode Capital Asset Pricing Model dan Arbitrage Pricing Theory, evaluasi kinerja reksa dana saham dengan metode Risk Adjusted Performance (Indeks Sharpe, Treynor, Jensen, Information Ratio), dan analisis 5 besar emiten yang membentuk portofolio reksa dana saham dengan matriks Growth Value Map. Hasil penelitian menunjukkan pengaruh portofolio pasar dan faktor-faktor makroekonomi terhadap return reksa dana saham, kinerja reksa dana saham dibandingkan dengan kinerja portofolio pasar, serta ekspektasi pasar terhadap kinerja jangka pendek dan prospek pertumbuhan jangka panjang dari 5 besar emiten yang membentuk portofolio reksa dana saham.

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Along with the increasing number of mutual funds offered, the reputation of mutual fund managers or investment managers becomes a very important factor. However, mutual funds managed by qualified and experienced investment managers do not certainly offer satisfying return compared with the risk faced by investors and market return. Therefore, it is necessary to analyze mutual fund managed by investment manager, which is PT. Manulife Aset Manajemen Indonesia.

This thesis analyzes the return of equity fund using Capital Asset Pricing Model dan Arbitrage Pricing Theory method, performance evaluation of equity fund using Risk Adjusted Performance method (Sharpe, Treynor, Jensen Index, Information Ratio), and analysis of the top five companies that form equity fund portfolio using Growth Value Map.

The result of the study shows the influence of market portfolio and macroeconomic factors to the return of equity fund, performance of equity fund compared with performance of market portfolio, as well as market expectation of short-term performance and long-term growth opportunity of the top five companies that form equity fund portfolio."