Title :
China´s Open-end Fund Investment Style Drift and Fund Performance Empirical Analysis
Author_Institution :
Sch. of Manage., Tianjin Univ., Tianjin, China
Abstract :
Based on the model of return-based style analysis put forward by Sharpe (1992), the paper made an empirical research on the thirty open-ended funds in China within the sample periods during 2008 and 2011. Through quantifying the degree of the fund style drift and fund performance, this paper studied the relationship between the fund style drift and fund performance. As a result, this paper shows that style drift and fund performance are negatively related in the sample period.
Keywords :
investment; China; fund performance empirical analysis; open-end fund investment style drift; return-based style analysis; security investment funds industry; Correlation; Educational institutions; Indexes; Investments; Mutual funds; Silicon; funds´ performance; open-ended funds; style drift;
Conference_Titel :
Business Computing and Global Informatization (BCGIN), 2012 Second International Conference on
Conference_Location :
Shanghai
Print_ISBN :
978-1-4673-4469-2
DOI :
10.1109/BCGIN.2012.23
