碩士 / 中原大學 / 國際貿易研究所 / 98 / The functions of currency are exchange, precaution, and Speculation. Following the evolution of times, speculation has now evolved into an essential concept of money management for the public. In the early stage, speculative behavior accompanied a high degree of risk, investment in the stock market has been identified as high risks as well as high returns. However, many studies have found that using the concept of investment portfolio, not only can reduce investment risks, but also maintain certain returns. Therefore, the funds that invest in underlying assets such as stocks and bonds have been created. The measurement of fund performance and risks has become essential issues for investors. In the period of the financial crisis, how to measure fund performance and what indices are appropriate for measurement, is an important issue facing investors.
This study attempts to estimate the performance of top ten equity funds and bond funds in Taiwan before and after financial tsunami, using monthly data spans from Aug 2006 to May 2010. By using the Sharpe index and one-way ANOVA to analyze the difference between equity funds and bond funds before and after financial tsunami. The results showed that the performance of equity funds before financial tsunami are much better than the period after financial tsunami, while the bond funds are exactly contrary. No matter whether before or after the financial tsunami, the performance of equity funds is better than bond funds, and the risk of equity funds is higher than bond funds.
| Identifer | oai:union.ndltd.org:TW/098CYCU5323039 |
| Date | January 2010 |
| Creators | Shiang-Yun Li, 李湘筠 |
| Contributors | Chung-Fang Ho, 何瓊芳 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 64 |
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