Investigating the smart money effect in China mutual fund market.

• Main Authors: Ngoh, Kia Wee., Lim, Mervyn Ding Yan., Teo, Yong Kian.
• 其他作者: Nanyang Business School
• 格式: Final Year Project
• 語言: English
• 出版: 2013
• 主題: DRNTU::Business
• 在線閱讀: http://hdl.handle.net/10356/51532
• 機構: Nanyang Technological University

Using a sample of 172 Chinese open-end equity funds over a study period from 2005 to 2009, we seek to investigate the existence of the “Smart Money Effect”, i.e. whether investors are able to select better performing funds. Firstly, using both portfolio analysis and Fama-Macbeth Regression analysis,...