A Performance Comparison of Active and Passive Mutual Funds

• Main Authors: Lien,Yu-Ching, 連祐慶
• Other Authors: 陳秀淋
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/00119878976803938306

碩士 === 輔仁大學 === 金融與國際企業學系金融碩士在職專班 === 102 === The mutual fund has become a part of investors' asset allocation. How to select the fund with good performance is important for investors. Since most of active mutual funds fail to beat the TAIEX index, the replication of passive fund attracted the investors’ attention in recent years. In this paper, the performance of passive fund of Taiwan 50 ETF is compared with domestic active mutual funds. The results indicate that the performance of Taiwan 50 ETF fund is better than most active funds by descriptive statistics analysis, however, they are not statistically different in mean.