A study of the performance of an investment strategy based on foreign investors trading

• Main Authors: Chiu-Min Huang, 黃秋敏
• Other Authors: Jen-Hung Wang,Ph.D.
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/02919238261407321204

碩士 === 世新大學 === 財務金融學研究所(含碩專班) === 101 === Under the trend of financial liberation and internationalization, foreign investors pour their large capital into stock market and wish to gain the highest return. Given to the fact that foreign investors with professionalism and huge amount of capital and analytical ability of data collections and broaden international vision, which influences significantly on stock selection strategy. Not only do general investors use as a reference, but dealers and securities do! Foreign investors can easily get the investment information nowadays so that whether their buying and selling information is worth as a reference. This research paper focuses on observing and comparison of top 10 investment portfolio of foreign investors and highest dividend yield shares and Taiwan 50 Index ETF and TAIEX on the first 3 days per month for the period of 4 years between Jan. 2nd of 2009 and Dec. 31st of 2012. The conclusion is as below: the buying portfolio of foreign investors has worse performance than those of Taiwan 50 Index ETF, high dividend yield and TAIEX. On the flip side, the selling portfolio of foreign investors shows better results than those of Taiwan 50 Index ETF, high yield dividend shares, and TAIEX. This findings contradicts to most of published literatures.