Research on performance of domestic versus foreign mutual funds

• Main Authors: Yi-Shin Chen, 陳怡欣
• Other Authors: Chih-Wei Lee
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/25628989667098928863

碩士 === 國立臺北商業技術學院 === 財務金融研究所 === 100 === Using two way repeated measures ANOVA on performance of domestic versus foreign mutual funds, from January 2003 to December 2011. This paper has three purposes: (1) Comparing performance between domestic and foreign mutual funds. (2) Comparing mutual funds performance between investing in emerging markets and in developed countries. (3) Comparing performance of mutual funds investing in different regions (such as America, Asia, Europe, Latin America, Emerging Asia, and Emerging Europe). Our results show that (1) Foreign mutual funds perform better than domestic funds. (2) Mutual funds investing in emerging market perform better than in developed countries. (3) Average returns of net values are ranked (foreign minus domestic): Emerging Asia, Latin America, Emerging Europe, America, Europe, and Asia. (4) Performance is not significantly different between investment region.