Mutual Fund Performance and Persistence in Taiwan: A Non-Parametric Approach

Exploring the benchmarks of the Taiwanese investment trust corporations: Management and investment efficiency perspectives

“…In the literature, significant inquiries into the fundamental question of the performance of ITCs, either at the individual level or the institutional level, can be observed; whereby mutual fund performance (Anderson, Brockman, Giannikos, & McLeod, 2004;Hsu & Lin, 2007;Shu, Yeh, & Yamada, 2002) and its determinants (Ferreira, Keswani, Miguel, & Ramos, 2013) are studied. Recent research has also examined the efficiency of mutual fund families in the United States (Premachandra, et al, 2012).…”

What Affects a Taiwan Fund Company’s Operating Performance? An Analysis on Market Share

“…Prior studies on Taiwan mutual funds mostly concentrate on the many facets of fund performance (see, e.g., [8]; [9]; [10]) and find that the work at the fund corporate level is relatively limited. This paper empirically investigates the factors that affect the operating performance of 37 Taiwan fund companies by examining monthly data of open-end domestic equity funds and balanced funds from January 2001 to April 2013.…”

Visualizing Investment Decision on Decision Balls

“…Taiwan's mutual fund industry, which was founded in 1983, has been growing tremendously during the last decade [14,15], with the number of mutual fund corporations increasing from 4 to 38 by 2008. In 1998, there were only 200 funds with a total net asset value of NT$745.97 billion.…”

“…Euclidean distance, instead of arc length, is used for simplification purposes (13). All alternatives are graphed on the surface of a sphere (14) and located on the northern hemisphere (15).…”