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Jakarta Post

Equity funds gain most, lag behind JCI’s growth

  • Raras Cahyafitri

    The Jakarta Post

Jakarta   /   Wed, November 7 2012   /  10:30 am

Equity mutual funds recorded the highest average gain compared to fixed income and balanced funds during the first 10 months of this year, but remained below the growth of the Jakarta Composite Index (JCI) during the period.

According to data provided by research company PT Infovesta Utama, equity funds recorded an average yield of 8.75 percent in year-to-date returns as of Monday. Meanwhile, fixed income funds and balanced funds saw 6.24 and 6.49 percent in year-to-date yields, respectively.

Despite higher returns, equity funds’ average yields were still below the JCI’s year-to-date growth of 12.88 percent, as of Tuesday.

The five best equity funds, according to figures from Infovesta, are Sam Indonesian Equity Fund with a yield of 32.2 percent yield, followed by MNC Dana Ekuitas (28.52 percent), Syailendra Equity Opportunity Fund (24.49 percent), OSK Nusadana ...