The Study of The Cross-Sectional Differences of Taiwan’s Equity Funds
碩士 === 亞洲大學 === 財務金融學系碩士在職專班 === 102 === The cross-sectional difference of funds is the main factor affecting investment decisions of mutual funds. Thus, the research is to study the cross-sectional difference of the return, turnover, and risk of the funds to compare the effects of fund size and fun...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2014
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| Online Access: | http://ndltd.ncl.edu.tw/handle/61817673680400528119 |
| Summary: | 碩士 === 亞洲大學 === 財務金融學系碩士在職專班 === 102 === The cross-sectional difference of funds is the main factor affecting investment decisions of mutual funds. Thus, the research is to study the cross-sectional difference of the return, turnover, and risk of the funds to compare the effects of fund size and fund type. The monthly data of open-end funds in Taiwan from Jan. 2003 to Dec. 2013 were analyzed with panel data model to investigate the cross-sectional difference of Taiwan’s equity funds. The results showed the cross-section difference of the fund size is positively related with that of the fund return. The effect differs with the type of the fund. The cross-section difference of the fund size is negatively related with that of the fund turnover. Significant differences exist with different type of funds. The cross-section difference of the fund size places no significant relationship with that of the fund risk. Different types of funds pose no significant difference on such effect.
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