Title :
A Behavioral Finance Analysis on ETF Investment Behavior
Author :
Yang Xu ; Kaijian He ; Kenneth, Lo Ka Kuen ; Kin Keung Lai
Author_Institution :
Sch. of Econ. & Manage., Beijing Univ. of Chem. Technol., Beijing, China
Abstract :
Since the global financial tsunami, Exchange Traded Funds have attracted much attention, as investors are increasingly concerned with the underlying risk exposure and transparency in their investments. However, much is yet to be learned about its behavioral characteristics, in addition to the traditional risk and return factors. In this paper, we take a behavioral finance perspective to investigate additional behavioral factors during the ETF investment process. We have found some behavioral characteristics, that are unique for the ETF investment and the Hong Kong regions.
Keywords :
behavioural sciences; exchange rates; globalisation; international trade; investment; risk management; ETF investment behavior; ETF investment process; Hong Kong regions; behavioral characteristics; behavioral factors; behavioral finance analysis; behavioral finance perspective; exchange traded funds; global financial tsunami; investment transparency; logistic regression; return factors; risk exposure; risk factors; Analytical models; Educational institutions; Investment; Logistics; Mutual funds; Portfolios; Behavioral Finance; Exchange Traded Fund (ETF); Factor Analysis; Logistic Regression;
Conference_Titel :
Computational Sciences and Optimization (CSO), 2014 Seventh International Joint Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4799-5371-4
DOI :
10.1109/CSO.2014.81
