A Study of Onshore Funds: Examples for Money Market,REITs, and Technology Funds

• Main Authors: JIANG,MEI-HUEI, 姜美慧
• Other Authors: LIN,SHIN-HUNG
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/70564494592178111473

碩士 === 國立雲林科技大學 === 財務金融系 === 104 === In this study, the domestic fund for the study were used to reward risk ratio, Sharpe Ratio, Treynor Index, Information Ratio, and the TAIEX and T test for performance evaluation .This five assessment methods to measure the performance of each fund profile. The study sample selects three types of funds; the sample contains 43 domestic money market funds, 21 real estate securitization funds, 27 open-tech funds, and a total of 91 funds. The sample period is from January 1, 2010 to September 30, 2015. This study evaluated the performance of each fund for various investment periods, including three, six, nine months, one year, two years and three years. Research results of this study that, according to the evaluation of the fund, Treynor Index and information ratio in any period in the best funds are all domestic money market, Sharpe Ratio for any period of fund performance, which is statistically significantly better than the TAIEX of the most proportion are all real estate securitization types, Information Ratio in any period of fund performance, which is statistically significantly better than the TAIEX of the most proportion are all real estate securitization types and open type of science and technology, whether in real estate securitization during any type is superior to the most significant proportion of the TAIEX. Real estate securitization type have a higher risk at the same time the total risk premium, and the performance of the fund's rate of return above average, the performance of open-type science and technology funds rate remuneration is also above average.