Fan Chun-kong. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2001. / Includes bibliographical references (leaves 69-70). / Abstracts in English and Chinese. / Abstract --- p.ii / 摘要 --- p.iii / Acknowledgment --- p.iv / Table of Contents --- p.v / Chapter Chapter 1 --- Introduction / Chapter 1.1 --- Introduction to Mutual Funds --- p.1 / Chapter 1.2 --- Thesis Organization --- p.4 / Chapter Chapter 2 --- Literature Review / Chapter 2.1 --- Measurement of Performance --- p.6 / Chapter 2.2 --- Persistence of Performance --- p.10 / Chapter Chapter 3 --- Data Description and Methodology / Chapter 3.1 --- Data Description / Chapter 3.1.1 --- Mutual Fund Database --- p.26 / Chapter 3.1.2 --- Survivorship Bias Problem --- p.31 / Chapter 3.1.3 --- Other Data Source --- p.32 / Chapter 3.2 --- Methodology --- p.33 / Chapter Chapter 4 --- Empirical Findings / Chapter 4.1 --- The Performance of Mutual Funds --- p.35 / Chapter 4.2 --- The Performance Persistency --- p.37 / Chapter 4.3 --- Simulated Investment Strategies --- p.40 / Chapter Chapter 5 --- Conclusion --- p.43 / Appendices / Appendix A Comparison on the Performance Results --- p.45 / Appendix B Spearman's Coefficient of Rank Correlation --- p.46 / Appendix C Detail Information of Mutual Funds --- p.49 / Tables / Table 1 Listing of 46 Mutual Funds --- p.52 / Table 2 Mutual Fund Database Summary Statistics --- p.53 / Table 3 Some Estimates of Survivorship Bias --- p.54 / Table 4 Comparison Between Surviving and Non-surviving Funds --- p.55 / Table 5 Regression Result: Performance of Mutual Funds / Panel A --- p.56 / Panel B --- p.57 / Table 6 The Annual Returns of Funds in Group B --- p.58 / Table 7 Ranking and Spearman Coefficient of Funds In Group B --- p.59 / Table 8 Spearman Coefficient for All Funds --- p.60 / Table 9 Comparison Between Different Simulated Investment Strategies --- p.61 / Table 10 Regression Result: Simulated Investment Strategies --- p.62 / Table A Comparison of Performance Results Between Different Studies --- p.63 / Table C1 Detail Information of the Funds --- p.64 / Table C2 Major Stocks Holding by Fund Managers --- p.65 / Figures / Figure 1 Distribution of Alphas --- p.66 / Figure 2 Distribution of Betas --- p.67 / Figure 3 Comparison Between the Annual Return of Funds' average and Hang Seng Index --- p.68 / Bibliography --- p.69
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_323500 |
| Date | January 2001 |
| Contributors | Fan, Chun-kong., Chinese University of Hong Kong Graduate School. Division of Economics. |
| Source Sets | The Chinese University of Hong Kong |
| Language | English, Chinese |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, vii, 70 leaves : ill. ; 30 cm. |
| Coverage | China, Hong Kong |
| Rights | Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/) |
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