Do screening approaches matter in mutual fund investments?
學年 103
學期 2
出版（發表）日期 2015-02-01
作品名稱 Do screening approaches matter in mutual fund investments?
作品名稱（其他語言）
著者 Paoyu Huang; Yi-ching Liao; Yensen Ni
單位
出版者
著錄名稱、卷期、頁數 Investment Management and Financial Innovation 12(1), p.69-75
摘要 The authors argue that how to screen mutual funds to derive satisfactory returns would be a worthwhile topic for investigation, since investors seem unsatisfied with their returns on mutual fund investments as their expectations. However, the screening approaches related to mutual funds seem rarely explored in the relevant studies. We then explore whether employing three screening approaches employed in Taiwan would enhance the profitability of mutual fund investments. This study also takes the lump sum (LS) and dollar-cost average (DCA) investments as well as the take-profit and stop-loss mechanism into account due to the concern of investors’ behaviors. The results reveal that these screening approaches would matter for Taiwan mutual fund investments, LS investments yield better results than DCA investments, and mutual fund investments without take-profit and stop-loss outperform those with take-profit and stop-loss. These findings indicate that these screening approaches, LS and DCA, and take-profit and stop-loss mechanism would matter for mutual fund investments
關鍵字 mutual funds;screening approaches;dollar-cost average
語言 en
ISSN 1810-4967
期刊性質 國外
收錄於
產學合作
通訊作者
審稿制度 否
國別 UKR
公開徵稿
出版型式 ,電子版,紙本
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/113717 )