DocumentCode
2537067
Title
China´s Open-end Fund Investment Style Drift and Fund Performance Empirical Analysis
Author
Cao, Shubo
Author_Institution
Sch. of Manage., Tianjin Univ., Tianjin, China
fYear
2012
fDate
12-14 Oct. 2012
Firstpage
64
Lastpage
67
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;
fLanguage
English
Publisher
ieee
Conference_Titel
Business Computing and Global Informatization (BCGIN), 2012 Second International Conference on
Conference_Location
Shanghai
Print_ISBN
978-1-4673-4469-2
Type
conf
DOI
10.1109/BCGIN.2012.23
Filename
6382464
Link To Document