Investment Strategies of Fund Time-picking ability and stock-selecting ability
- 주제(키워드) fund , investment strategy , stock-selecting , time-picking
- 발행기관 서강대학교 경영전문대학원
- 지도교수 김도성
- 발행년도 2009
- 학위수여년월 2009. 8
- 학위명 석사
- 학과 경영전문대학원 재무관리/보험
- 실제URI http://www.dcollection.net/handler/sogang/000000045444
- 본문언어 영어
- 저작권 서강대학교의 논문은 저작권에 의해 보호받습니다
초록/요약
In the stock market, investment funds have become an important market force, therefore, the studies of fund investment strategy has also become important. Among these strategies, stock-selecting and time-picking ability is one of the most popular methods to measure fund managers’ ability of selecting a good fund to make profit. Many studies have conducted to find the rules of fund choosing. This paper focused on the T-M model to test the 17 Chinese open-ended funds from 2004 to 2007, and finally runs the regression to establish the conclusion. The results of this data will determine weather or not these funds have stock-selecting ability and time-picking ability.
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