| Summary: | 碩士 === 國立彰化師範大學 === 財務金融技術學系 === 105 === Abstract
This study is based on the active share proposed by Cremers and Petajisto (2009) and uses Taiwan’s domestic stock funds for the main data in order to understand whether the actively managed funds can get the profit for investors.
Based on the Taiwan domestic stock funds, this paper examines whether the relationship between active share and return , and analysis further whether the fund manager's education and major have effects on the return over the period 2007 to 2016 .
The results show that the active share and the return have a positive and significant relationship. In addition, the manager’s education has no significant effect on the return. Conversely, the manager’s major has a positive and significant effect on the return.
Keyword：Active share, Fund return, Fund manager’s education, Actively managed fund
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