碩士 / 國立高雄科技大學 / 財務管理系 / 107 / The United States’ engagement of trade war with several countries laid uncertainty in the recovering bull market since the financial crisis. In face of such unstable fluctuation in the market in an era of low-profit due to the quantitative easing monetary policy, investors are now favoring over fixed-income commodities. This paper would use oversea preferred stocks, preferred stock ETFs, oversea investment grade corporate bond ETFs and investment grade corporate bonds as four types of investment commodities for research subjects, where samples were ones issued or established before 2011 that are still currently on the market for transaction, in order to investigate the most appropriate investment mode and its performance under the three investment models of buy-and-hold with filter rule. The empirical result showed the followings:
1. The oversea preferred stocks, preferred stock ETFs and investment grade corporate bonds were better suited in the third model with filter rule, while the first model of buy-and-hold was a better choice for oversea investment grade corporate bond ETFs.
2. The average annual return rate of overseas preferred stocks and preferred stock ETFs in model 2 and 3 was higher than the other model by 3% and more; thus, the filter rule was more suitable for overseas preferred stocks and preferred stock ETFs.
3. In terms of the order of performance under the choice of optimal model, overseas preferred stocks were superior to preferred stock ETFs, which were better than the investment grade corporate bond ETFs. And, overseas investment grade corporate bond ETFs showed the poorest performance in the model.
| Identifer | oai:union.ndltd.org:TW/107NKUS0305028 |
| Date | January 2019 |
| Creators | LI,I-CHEN, 李依真 |
| Contributors | TSAI,HSIU-JUNG, 蔡繡容 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 50 |
Page generated in 0.013 seconds