| Summary: | 碩士 === 雲林科技大學 === 財務金融系碩士班 === 99 === ABSTRACT
The market of mutual fund is getting larger and larger; and the need of determining which fund to buy is more important as well. In this study，We examine the performance of 99 mutual funds in Taiwan from 2006 to 2009. First of all, we use Sharpe, Treynor and Jensen index to evaluate the performance of mutual funds, and observe the ranking of different fund’s style. and company and secondly, We create five kinds of affective variables, including the fund''s net assets，buying turnover, the manager fee，the storage fee and the age of funds for four years, apply Ordinary Least Square model for empirical by factor analysis. We find out the size of fund''s net assets and the manager fee have significant negative relationship with three indices of performance，but the buying turnover is significant only on the negative relationship with Jensen and the rest are not . The results of this study could be reference for investors of the fund investment when buying mutual funds.
Keywords: Performance of Mutual Funds，Ordinary Least Square Model
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