Contrastive Analysis on Investment Ability of Sunshine Private Funds and Publicly Offered Funds Based on TM - FF4 Model

DOI

10.2991/emim-16.2016.172How to use a DOI?

Keywords

Publicly offered funds; Sunshine private funds; Investment ability; TM-FF4

Abstract

This article mainly uses the TM - FF4 model to compare the stock selection ability and market-timing ability of sunshine private funds with that of publicly offered founds. In practical analysis of 58 founds in 2015, we use the method of the bootstrap and probability of success respectively as auxiliary inspection. The result shows that sunshine private funds managers’ timing ability is only marginally better than publicly offered funds managers’, but their stock selection ability is much lower than that of the publicly offered funds managers.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yuanyuan Jiang
PY  - 2016/04
DA  - 2016/04
TI  - Contrastive Analysis on Investment Ability of Sunshine Private Funds and Publicly Offered Funds Based on TM - FF4 Model
BT  - Proceedings of the 6th International Conference on Electronic, Mechanical, Information and Management Society
PB  - Atlantis Press
SP  - 838
EP  - 842
SN  - 2352-538X
UR  - https://doi.org/10.2991/emim-16.2016.172
DO  - 10.2991/emim-16.2016.172
ID  - Jiang2016/04
ER  -