A Research of Debit Date Affecting Return Rate of Mutual Fund Dollar-Cost Averaging Investment

• Main Authors: Pi Hui Tsai, 蔡碧惠
• Other Authors: C. Y. Tsao
• Format: Others
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/44487964292141456334

碩士 === 長庚大學 === 管理學院碩士學位學程在職專班經營管理組 === 102 === In recent years, due to the financial market volatility, investment timing is difficult to grasp, to invest funds at fixed respected, many domestic financial institutions have launched a variety of regular fixed debit date freer options for investors to choose from. This study focused on foreign stock funds at fixed charge choose a different date, there is an obvious difference in investment performance. The research utilized the regression model analysis, mainly due to the regression model: a more objective basis for assessment, accurate assessment of the relative time-saving standards, etc. The purpose of this study is suitable. Select between 2000-2012, issued by a foreign fund approved by the FSC in domestic sales in offshore funds, including investment in global, regional, single country in various industries, such as different types of performance better, and representative market index information corresponding 29 files Fund Information Fund is calculated based on each file. The point of the NAV at the same time, the district is divided into three 6,16,26 debit date, respectively, to calculate their individual performance and the performance of the market index, and discuss the results and the analysis and comparison of the difference; finally distinguish between 2000-2007 and 2008 During -2012 Sec, respectively, after a long period and to explore the post-2008 financial crisis, the European sovereign debt during the 2011 financial crisis and other major events, changes in the different long and short, regular fixed performance with the performance of the date of the debit market performance of different analyzes the global, regional, single country fund their performance in different industries, the market index and the presence of significant differences in performance. The results show that if the investment market is more mature markets such as the United States, regular fixed debit date without special selection, because there is no significant difference between the different debit date fund performance; country if the investment in the region is volatile emerging markets or emerging, then the 6th debit significantly higher cost, the 16th and the 26th no significant difference, so choose to avoid the early charge.