A Study on the Investing Performance of Master-Feeder Funds Evidence from BRIC Countries

• Main Authors: WEI, YEN-CHUAN, 魏曣娟
• Other Authors: LIU, Z-JOHN
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/c97w2g

碩士 === 嶺東科技大學 === 企業管理系碩士班 === 106 === ABSTRACT This study used the TEJ system of the Taiwan Economic News to discuss the investment performance of the stock indices with different investment allocations consist of the master- feeder funds from BRIC countries, and investment portfolio with Annualized Returns and Sharp Ratio. And analyzes the different period of the loss-stopping and profits-stopping strategies in general time and during the Subprime crisis period to discuss the configuration of progressive allocation and conservative allocation investment strategies separately. The empirical results shown that the progressive allocation is selected during the general time, investment profits can be effectively increased, and the best investment strategy is to use three-years as the best investment holding period. During the Subprime crisis period, use the conservative allocation can improve investment performance and reduce investment losses.