Portfolio Management of Kala Investama during the Pandemic in Indonesia Stock Market


Authors : Kusuma A A B; Anggono A H

Volume/Issue : Volume 7 - 2022, Issue 3 - March

Google Scholar : https://bit.ly/3IIfn9N

Scribd : https://bit.ly/3DEi4Im

DOI : https://doi.org/10.5281/zenodo.6413313

Indonesia Stock Market is very volatile during the pandemic and it also affected on the portfolio performance of Kala Investama, an investment manager company that allocates most of the assets to stocks in Jakarta Composite Index (JCI). The portfolio performance for the last 6 months (January-June 2021) was inconsistent and tended to be below JCI's net performance by a margin of - 12.71%, forcing Kala Investama had to overhaul its investment strategy to outperform JCI and certainly attract more investors. In this research, portfolio management was conducted from July to November 2021 by examining each investment strategy in portfolio to improve the net performance. This research combined multiple technical analysis to validate the movement of the stock price and minimize the risk of each investment strategy. Evaluation using Beta, Sharpe and Treynor ratio to measure the performance of the portfolio. Based on the investment strategy from JulyNovember 2021, Kala Investama portfolio performance achieves the net cumulative return of 44.67%, higher than the reference index (JCI) which is only 12.28%. It is also shown from Portfolio Performance Measurement that our portfolio has higher in Beta, Sharpe and Treynor ratio compared to the index which indicates the portfolio can outperform the market with a good portfolio management and relatively lower risk. With good portfolio management, it can attract more investors to invest in Kala Investama portfolio.

Keywords : Portfolio Management, Technical Analysis, Jakarta Composite Index

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