| Summary: | 碩士 === 國立高雄第一科技大學 === 風險管理與保險研究所 === 103 === In this study, the National Security Fund as the beginning, every time the stock
market crisis, the devaluation of the municipal government to support the market to
support the market index for Taiwan 50 targets. During the period, especially after the
financial crisis in Asia, Europe and the United States for the issue of debt countries
are gradually resolved monetary easing and so on. ETF50, using stochastic dominance
rule Barrett and Donald (2003) of the proposed investment detect finance and
insurance industry, plastics industry, the semiconductor industry, computer and
peripheral equipment, communications network industry and other electronic
industry''s performance analysis. In this paper, the detection rate of return to explore
the investment period of performance before and after the financial crisis. Find
investment performance before and after the financial crisis of the same period, the
pre-tsunami period from 2005/10 / 01-2013 / 09/30. Third-order stochastic dominance
test results under the semiconductor sector in TSMC (2330) is better than most
semiconductor stocks, shares in other electronic Hon Hai Precision IND. CO. LTD.
(2317) all have second-order stochastic dominance; and semiconductor stocks in
Taiwan Semiconductor Manufacturing Company (2330) Excellent in most
semiconductor stocks, shares in other electronic Hon Hai (2317), all with a third-order
stochastic dominance. Therefore, in the semiconductor sector, TSMC (2330), other
electronics stocks Hon Hai (2317), for the best performance in this study, the rate of
return volatility is not the main reason, with the fight against inflation and avoid the
risk of changes in the financial markets function displayed in the semiconductor
sector, TSMC (2330), other electronic Hon Hai shares (2317) has a low risk, stable
return characteristics of investment targets
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