| Summary: | 碩士 === 國立高雄應用科技大學 === 金融系金融資訊碩士在職專班 === 104 === This study investigates that the relationship between the distribution of bond funds and fund performance. The empirical results show that there is positive relation between distribution of bond funds and fund performance. However, it is insignificant if we divide bond funds into high-yield bond funds and investment grade bond funds. We therefore take investment regions into account. There are four regions as follows: China, global, emerging market and others. In China and global regions, there is positive relation between the distribution of high-yield bond funds and fund performance. Additionally, there is negative relation between the distribution of investment grade bond funds and fund performance. On the contrary, there is positive relation in global and emerging market region. Finally, for the higher distribution of high-yield bond funds, the performance is greater than investment grade bond funds in China and global region.
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