The Influencing Factor Analysis of Taiwan Stock Mutual Funds' Performanc

• Main Authors: LEE,CHIU-YING, 李秋瑩
• Other Authors: Jack J.W Yang
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/b467zr

碩士 === 國立雲林科技大學 === 財務金融系 === 102 === The modern financial product has a trend toward diversification, investor could easily choose the product which best fit for their needs. For the general population, the Systematic Investment Plan(SIP) is the best choice. Therefore, how to choose the best fund according to various attributes would be the first thing an investor wants to know. This research investigated the relationship between Taiwan’s domestic stock fund and several variables. Research samples are acquired from Taiwan Economic Journal (TEJ). The samples included 149 funds’ monthly reports from January 2009 to December 2013. We classified those funds according to the SITCA’s definition into five categories: all sample, general, technology, small and medium, and others. Then we utilized Panel Data with time-series and cross-section as a mixed regression model to analyze. The results indicate the scale of a fund has a positive correlation with a fund’s performance under all kinds of samples. Systematic risk shows a negative correlation. Fluctuation of net asset value shows a negative correlation except in the others category which is not statistically significant.