The Subsequent Performance of Funds Recommended by Financial Magazines
| Autor: | Huang, Yi-Chia, 黃奕嘉 |
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| Rok vydání: | 2015 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 103 The present study aimed to compare the subsequent long-term (three-year) performance of the mutual funds recommended by the financial magazine, Money Watching & Credit Rating, to that of other funds in the same category and that of the index funds in Taiwan. In addition, the subsequent long-term (three-year) performance of the top 5 performing funds among those recommended by Money Watching & Credit Rating was also compared to that of Yuanta/P-shares Taiwan Dividend Plus ETF, the top performing index fund among the index funds in Taiwan. The performance measures were average annual returns, standard deviation, and alpha. The data were analyzed by using t test. The study results indicated that the subsequent long-term (three-year) performance of the funds recommended by Money Watching & Credit Rating significantly outperformed those of other funds in the same category and the index funds in Taiwan. Furthermore, the subsequent long-term (three-year) performance of the top 5 performing funds among those recommended by Money Watching & Credit Rating was greatly superior to that of that of Yuanta/P-shares Taiwan Dividend Plus ETF, the top performing index fund among the index funds in Taiwan. In conclusion, the results of the present study have provided evidence that funds investors can select funds based on Money Watching & Credit Rating’s recommendations. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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