| Summary: | 碩士 === 國立臺灣科技大學 === 管理研究所 === 101 === Under present global economic uncertainties, the managers of currency funds will deal with the challenges of investing strategy and risk management face strengthen. Through the in-depth interview and discussions, this study concludes the following points.
First, based on the performance management and market competition, the criteria of case company has focused the absolute performance and relative performance both, with the first priority of liquidity and safety of assets, followed by the performance rank, and asset scale growing.
Second, case company keeps focus on which stage the interest cycle belongs to. With the expectation of quantitative easing monetary policy and abundant market capital flow, case company will focus on how to elevate the yield rate, under the same criteria of liquidity and safe.
Third, when market interest goes lower, the duration of portfolio could be lengthened. On the contrary, the duration should be shortened.
Fourth, CAMEL model provides case company a solid solution to evaluate the credit risk, and case company develops a decision-making system to judge the bank credit score. With stress test deployed quarterly, stress test demonstrate a quantitative data to adjust the assets to lower the future risk.
Fifth, the financial group should utilize currency funds to provide stable liquidity and strengthen the yield rate.
Sixth, the mutual fund companies should increase the international currency funds to provide the comprehensive service, especially in the process of global capital movement.
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