Detecting the Influence of ETF Performance – A Case Study of China

Autor: Tzu-Yi YANG, Ssu-Han CHEN, Hsiao-Hui HSU, Ping ZHANG, Hong-Yu LIN
Jazyk: angličtina
Rok vydání: 2024
Předmět:
Zdroj: Management and Economics Review, Vol 9, Iss 3, Pp 439-452 (2024)
Druh dokumentu: article
ISSN: 2501-885X
DOI: 10.24818/mer/2024.03-03
Popis: As international capitals keep flowing into Asia, in particular China, it experienced rapid development on both economy and financial market during the last three decades. While more and more financial products are introduced, the government also loosens the leash on investment, so that the approaches to investment in the Chinese market are diversified enough to attract more and more investors to invest in it. This study will thus explore in depth what have affected Chinese ETF performance. For empirical analysis, the daily data on total ETF transactions and related economic indices during a period from February 24, 2005 to December 31, 2015 were used with multiple regression models. Our findings indicated that the amount of international capital inflow to China, the stock market, and interest rates affected the investment performance of Chinese ETFs.
Databáze: Directory of Open Access Journals