Performance evaluation of onshore funds versus offshore funds- A study of the funds which invest in the BRICs’ related area

• Main Authors: Jung-Chang Ma, 馬榮昌
• Other Authors: Kuchang-Wen Chang
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/vad85b

碩士 === 東吳大學 === 企業管理學系 === 101 === 　　It has become a great investment environment due to the rapid development of science and technology over the last decade. The development of the global economy and the transfer of information more quickly. 　　Regarding the Taiwan securities investment trust companies issued overseas funds and the registered offshore fund in Taiwan, researching the Fund Performance which Invest in the BRIC related area explore two themes. (1).Analysis of the funds’ performance of the BRIC related area for the on-shore funds and off-shore funds in Taiwan. Whether the off-shore funds were better than the on-shore funds (2).Whether the funds’ performance better than the performance of benchmarks index. The results of the study period, (1). The India funds outperform its benchmark index. Other markets, the performance of the Funds during the study period, all can’t beat the benchmark. (2). There are fluctuations in the long-term performance and short-term performance. They will follow as the market changes. Therefore, investors should use the similar time length indicators of fund performance to measure the funds’ performance. (3). In monthly return basis, the fund performance were no difference between the on-shore funds and off-shore funds in those samples.