The Effects of US Sub-Prime Mortgage Crisis on the Return of Mutual Funds in Taiwan

• Main Authors: Meng-Hui Chang, 張孟惠
• Other Authors: Ming-Chin Lin
• Format: Others
• Language: zh-TW
• Published: 2008
• Online Access: http://ndltd.ncl.edu.tw/handle/77140434529429958300

碩士 === 朝陽科技大學 === 財務金融系碩士班 === 96 === This research was carried out by using return to discuss the effects of US sub-prime mortgage crisis on the performance of mutual funds in Taiwan. According to the different investment region, the domestic mutual funds have been divided into 9 kinds of investment types: Equity Asia Pacific, Equity Global, Equity Emerging Markets Global, REIT, MBS, Equity Taiwan, Equity America, Equity Japan. In addition, comparing the return before and after the crisis, the results showed that not all the mutual funds deeply affected by US sub- prime mortgage crisis. By using market model to examine whether these mutual funds have abnormal returns after US sub- prime mortgage crisis, and whether the coefficients of market model, i.e. the beta’s, vary with the crisis or not.