| Summary: | 碩士 === 南華大學 === 企業管理學系管理科學碩博士班 === 105 === The purpose of this study is trying to explore the factors influencing the performance of the mutual fund. It suggests that the fund performance mighted related to their turnover rate, the shareholding ration and performance ranking according to its historical performance which will provide usful information for the investors. For the purpose of implemting the empirical work, the 2 years’ monthly data for the domestic small and medium-sized stock-based mutual funds is employed for the period of 104/03/01 to 106/02/28. The Pearson correlation coefficient (Pearson correlation coefficient) and the 4433 rule are used to as the empirical method to support the inference provided by this study. According to the empirical result, the turnover rate and shareholding rate is negatively impact on the fund performance, it probably relate to the selecting ability of fund manager and the trading cost. Secondly, the historical performance ranked by the long-term performance is positively impact on the the fund performance, however, the performance persistence is not supported for short term. The possible reason might be induced by market fluctuations, and highly demission for fund managers.
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