Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

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A Review on the Relationship Between Portfolio Concentration and Fund Manager Performance

Authors
Xinyao Liu1, *,a, †, Bixue Tang2, *, b, †
1Northeast Agricultural University, Harbin, China
2Dongbei University of Finance and Economics, Dalian, China
†

These authors contributed equally.

*Corresponding author. Email: aliuxinyao@neau.edu.cn
Corresponding Authors
Xinyao Liu, Bixue Tang
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.222How to use a DOI?
Keywords
Portfolio; Industry Concentration; Fund Manager Performance
Abstract

In the process of economic operation, along with the cyclical changes, the various industries in the market also show a different development state. Therefore, in investment activities, the choice of industry is particularly important. When investing in the fund, whether the fund manager can choose the high-quality industry to invest in the numerous industries and whether the fund can get excess returns has become an important content to study the investment management ability of the fund manager. This paper studies the relationship between the fund investment industry allocation and the fund manager performance from a comprehensive perspective, and summarizes its evaluation indicators. By summarizing the investment portfolio and its performance of various funds at home and abroad, we find that the concentration degree and the index of industry investment are the keys for fund managers to choose industry investment. At the same time, there is a significant negative correlation between the industry concentration degree of fund portfolio and fund performance. Therefore, we suggest that fund managers should follow a sound investment style and diversified investment when making investment strategies, and should make timely adjustments when they find that their portfolio is risky or has an obvious bias.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
10.2991/assehr.k.211209.222
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.222How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Xinyao Liu
AU  - Bixue Tang
PY  - 2021
DA  - 2021/12/15
TI  - A Review on the Relationship Between Portfolio Concentration and Fund Manager Performance
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 1363
EP  - 1368
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.222
DO  - 10.2991/assehr.k.211209.222
ID  - Liu2021
ER  -