| Summary: | 碩士 === 淡江大學 === 國際貿易學系國際企業學碩士班 === 98 === Nowadays, most of retail investors do not have a systematic investment strategy. So in our paper, we will point out how to establish and operate easier investment strategies for retail investors let them conduct the practical investment portfolio which could beat the market and the performance of open-end stock mutual funds. We will take this concept to utilize the most volatile “IC design stocks” to establish investment portfolio. Furthurmore, we analyze the relative and absolute performance of practical investment value of our portfolio. The main empirical findings as below:
1 . Investment portfolio of IC design stocks v.s. the weighted average of market and electronic index
(1)Relative Performance
After comparing with the weighted average of market, we find our portfolio relative performance is better than general market . Besides, comparing with the weighted average of electronic index , we find investment portfolio of IC design stocks win seperately in 2006, 2007and 2008, and merely lost in 2009.
(2)Absolute Performance
By comparing with the weighted average of market and electric index, we find IC design stocks’s absolute performance is twice above the two.
2 . IC design stocks fundization investment portfolio v.s. Open-end stock mutual funds
(1)Relative Performance
After we summarize the number of IC design stocks fundization investment portfolio’s performance which ranking in the top of 20% in the following three years from 2006, we could find it perform well and it even got the champion in 2008.
(2)Absolute Performance
By comparing with well-performed relative performance open-end stock mutual funds, IC design stocks fundization investment portfolio ranked the top. Besides, it performs very well and is also on the top of all virtual domestic open-end stock mutual funds stocke fund.
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