Contrastive Analysis on Investment Ability of Sunshine Private Funds and Publicly Offered Funds Based on TM - FF4 Model
Available Online April 2016.
- https://doi.org/10.2991/emim-16.2016.172How to use a DOI?
- Publicly offered funds; Sunshine private funds; Investment ability; TM-FF4
- This article mainly uses the TM - FF4 model to compare the stock selection ability and market-timing ability of sunshine private funds with that of publicly offered founds. In practical analysis of 58 founds in 2015, we use the method of the bootstrap and probability of success respectively as auxiliary inspection. The result shows that sunshine private funds managers’ timing ability is only marginally better than publicly offered funds managers’, but their stock selection ability is much lower than that of the publicly offered funds managers.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Yuanyuan Jiang PY - 2016/04 DA - 2016/04 TI - Contrastive Analysis on Investment Ability of Sunshine Private Funds and Publicly Offered Funds Based on TM - FF4 Model BT - 6th International Conference on Electronic, Mechanical, Information and Management Society PB - Atlantis Press SP - 838 EP - 842 SN - 2352-538X UR - https://doi.org/10.2991/emim-16.2016.172 DO - https://doi.org/10.2991/emim-16.2016.172 ID - Jiang2016/04 ER -