Do screening approaches matter in mutual fund investments?

機構典藏 > College of Business and Management > Department of Management Sciences > Journal Article > Item 987654321/113717

Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/113717

Title:	Do screening approaches matter in mutual fund investments?
Authors:	Paoyu Huang;Yi-ching Liao;Yensen Ni
Keywords:	mutual funds;screening approaches;dollar-cost average
Date:	2015-02
Issue Date:	2018-06-21 12:10:44 (UTC+8)
Abstract:	The authors argue that how to screen mutual funds to derive satisfactory returns would be a worthwhile topic for investigation, since investors seem unsatisfied with their returns on mutual fund investments as their expectations. However, the screening approaches related to mutual funds seem rarely explored in the relevant studies. We then explore whether employing three screening approaches employed in Taiwan would enhance the profitability of mutual fund investments. This study also takes the lump sum (LS) and dollar-cost average (DCA) investments as well as the take-profit and stop-loss mechanism into account due to the concern of investors’ behaviors. The results reveal that these screening approaches would matter for Taiwan mutual fund investments, LS investments yield better results than DCA investments, and mutual fund investments without take-profit and stop-loss outperform those with take-profit and stop-loss. These findings indicate that these screening approaches, LS and DCA, and take-profit and stop-loss mechanism would matter for mutual fund investments
Relation:	Investment Management and Financial Innovation 12(1), p.69-75
Appears in Collections:	[Department of Management Sciences] Journal Article

Files in This Item:

File	Description	Size	Format
Do Screening Approaches Matter in Mutual Fund Investments.pdf		98Kb	Adobe PDF	25	View/Open
index.html		0Kb	HTML	16	View/Open