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The Empirical Study On Fund Investments Behavior Based On Behavioral Finance Theory

Posted on:2008-01-14Degree:MasterType:Thesis
Country:ChinaCandidate:X GuoFull Text:PDF
GTID:2189360212479196Subject:Business management
Abstract/Summary:PDF Full Text Request
At present, as the important financing tools in the inland and oversea financial markets because of its advantages, such as combination investment, dispersing risk, professional management and funding conveniently, the investment fund has become the largest institutional investor in the Chinese A share stock-market. The behavior of fund investment is the key factor for surviving and developing of investment fund. Studying fund investment behavior could make the society comprehend the fund and provide advices for individual investor's fund investment, and make the investment behavior of fund manager standardization to maintain the stock-market developing continuously, healthily and steadily.In the view of behavioral finance, with the object of stock-oriented open-end fund, using factor analysis and Ln-regression analysis, we discusses the fund portfolio holdings in fund investment behavior and empirical study on the feedback trading strategies, the relationship between investment styles and trading strategies, and the relationship between trading strategies and performance. This dissertation not only enlarges the extent and depth of the behavior finance, but also provides practical advice for Chinese stock-market and fund investment.The empirical research has been carried, and the following conclusion can be...
Keywords/Search Tags:Behavioral Finance, Stock-oriented Open-end Fund, Investment Behavior, Fund Portfolio Holdings, Investment Strategies
PDF Full Text Request
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