A study on open-end equity fund position and index return

• Main Authors: Zhang, Lin, Song, Shuang, Jin, Yelei
• Other Authors: Luo Jiang
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Business::Finance::Funds; DRNTU::Business::Finance::Investments
• Online Access: http://hdl.handle.net/10356/51529
• Institution: Nanyang Technological University

This paper focuses on the study of relationship between China open-end equity fund position and the Shanghai Composite Index return. Regressions of Index return against change in equity fund position were studied. Our tests had shown that for funds which invest aggressively in stock market, there is...