| Summary: | 碩士 === 國立雲林科技大學 === 財務金融系碩士班 === 101 === This study is to measure the performances and sustainability of thirty‐one
Taiwan investmet trust’s technology mutual funds over the period of January
2007‐ December 2011 using Sharpe ,Treynor,and Jensen indices. The analysis
which is done on the monthly, quarterly, semi‐annual, annual and nearly two to
five years bases comes to the following empirical conclusions:
1. Applying Sharpe ,Treynor,and Jensen as evaluation indices, investment
performance of technology mutual funds indicates a consistency in the long
term.
2. Regardless of Sharpe, Treynor and Jensen performance indicators, the
thirty‐one Taiwan stocks open technology mutual funds from January 2007 to
December 2011, YongFeng high‐tech fund performs the best in the long term,
and Ontario high‐tech fund performs the worst.
3. Between 2007and 2011, in eight time segments,namely ,quarterly,semi‐annual,
annual and nearly two to five years, and under either Sharpe ,Treynor,and
Jensen indicator, the performance analysis indicates inconsistent sustainability
and sometimes reversal, that is a better term followed by a worse one, and vice versa.
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