Dissertation > Excellent graduate degree dissertation topics show

The Relevance between Personal Features of Fund Managers and Fund Performance

Author: WuZuo
Tutor: XieJiaQi
School: Zhejiang University
Course: Accounting
Keywords: Fund Manager Personal characteristics Fund Performance
CLC: F832.5
Type: Master's thesis
Year: 2010
Downloads: 300
Quote: 3
Read: Download Dissertation

Abstract


With the rapid development of China's economy in recent years, China's capital market matures, the securities investment fund industry entered a stage of rapid development. The Fund is a newer set of investment vehicles, has been more and more widely recognized and accepted by the public investors. The majority of our fund focused on the evaluation of the Fund's performance, starting from the point of view of the fund manager is also less, the fund manager is actually the direct manipulation of the Fund decided to fund investment decisions, fund important no doubt about that, as is often said that the \very necessary. Therefore, this article is selected from the point of view of the fund manager, the study investigated the personal characteristics and fund performance of fund managers. The relationship between research fund manager personal characteristics and fund performance Select fund investors have important guiding significance which investors can make reasonable choices among different fund managers and then select the fund, so as to obtain the largest possible gains. In addition, the fund management company, to understand the relationship between personal characteristics and performance of fund managers can help fund management companies to select the best fund managers, and not only in the post according to the results of the performance to decide the appointment and removal of the fund manager. From the point of view of the regulatory authorities, which develop policies to promote the healthy development of China's fund market. Finally, the relationship between research fund manager personal characteristics and fund performance can promote competition in the fund manager, to help fund managers to clear the direction of their own development, and help to improve the overall level of the fund managers in China market. This paper at home and abroad on the personal characteristics of fund managers and fund performance relationship, in order to achieve the results were compared under different market environment, choose the method of cross-sectional regression analysis were 2006, 2007 and 2008 of 84 performance of the open-end equity funds empirical research, and in 2006, 2007 and the results of the study in 2008, compared to the analysis of fund managers personal characteristics of the specific impact of fund performance and in different market trend this What is different, what fund managers more suitable for fund managers to create a good performance. Which explanatory variables select the Sharpe index indicators to measure the performance of the Fund, both consider the impact of market factors on the income of the Fund, and risk-adjusted; explanatory variables that fund manager personal characteristics variables selected fund manager's age, tenure, qualifications, experience, manage the same number of fund managers. Then based on the results of empirical research, combined with related financial theory, contact the status quo of China's fund market, make a reasonable interpretation and its own proposals. The empirical analysis tells us in the market is continued to rise, the fund manager's age, tenure, working time fund performance has a positive impact in the market downturn, the fund manager's age, tenure, working time fund performance no apparent effect; academic and management of the fund managers the same number of fund managers, regardless of the market situation is good or bad on the Fund's performance there is no obvious explanation for the role. The empirical conclusions description China should strengthen the fund manager training mechanism, to avoid our current fund managers change frequently, the term is generally short phenomenon. At the same time to create a good business environment for fund managers, and gradually form a mature talent market fund managers to improve the average age of our fund managers, lack of experience in the status quo.

Related Dissertations

  1. Implicit incentive fund managers herd behavior,F224
  2. Explicit incentive impact on the investment behavior of fund managers,F224
  3. An Empirical Analysis of Influence on Fund Performance from Fund Manager Turnover,F832.51
  4. Fund managers in the Rat case Civil Liability Issues,D923;F832.51
  5. Fund manager replacement fund performance persistence,F832.51
  6. Research on Influencing of the Performance Ranking to the Open-end Fund Manager’ Investment Behavior,F832.51
  7. The Analysis of the Influence of the Close-ended Fund’s Open-ending on the Fund’s Performance,F832.51
  8. Correlativity between Fund Managers and Performance of Fund,F832.51
  9. Investment fund for the development of China's futures Discussion,F724.5
  10. Securities Investment Fund Manager of conflict of interest rules,F832.51
  11. The Empirical Study on the Performance Evaluation of Chinese Stock Open-ended Funds,F224
  12. A Study of the Fund Manager Turnover in Open-end Fund Industry,F832.51
  13. China's securities investment trust fund managers Obligations,F832.51
  14. Research on the Civil Liability of Rat Trading in Securities Investment Funds,F832.51
  15. Fund managers select stocks timing ability of ongoing research,F224
  16. Fund Manager Relationship between flow and fund performance,F832.51
  17. The Research on the Mechanism of the Incentive of Our Country Securities Investment Fund Manager,F832.51
  18. A Research on the Trust Obligations of the Securities Fund’s Manager,F832.51
  19. Empirical Investigation on Favoritism in Chinese Open-end Fund Families and Conducted Mechanisms,F224
  20. Study on Incentive Mechanism to Fund Manager,F272;F224

CLC: > Economic > Fiscal, monetary > Finance, banking > China's financial,banking > Financial market
© 2012 www.DissertationTopic.Net  Mobile