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@article{ART002545394},
author={Yaping Wang},
title={Have overseas equity funds invested in China achieved excessive results?},
journal={Asset Management Review},
issn={2288-6672},
year={2019},
volume={7},
number={2},
pages={21-45},
doi={10.23007/amr.2019.7.2.21}

TY - JOUR
AU - Yaping Wang
TI - Have overseas equity funds invested in China achieved excessive results?
JO - Asset Management Review
PY - 2019
VL - 7
IS - 2
PB - Institute of Management Research, SungKyunKwan University
SP - 21
EP - 45
SN - 2288-6672
AB - This study divides Korean investors invest in Chinese fund's performance into stock selection ability and market forecasting ability and evaluates it's performance and performance persistence. The analysis method can be divided into the growth cycle of China's stock market or the identi￾fication of portfolios according to the market excess return of funds. The empirical results are as follows. Firstly, from the perspective of China's overall conspiracy fund industry, considering the growth cycle of China's stock market, the stock selection ability and market forecasting ability are verified by market states. During the whole period, there is no fund selection ability, and the market forecast ability is low. Second, 1-month, 3-month, 6-month and 12-month portfolio performance reconfirm that there is no market forecasting ability. Market forecasting ability can be the most important factor of fund performance. Finally, performance persistence of portfolios do not exist There is no time selection ability.
KW - overseas equity funds investing in China;performance measurement;stock selection ability;market forecasting ability
DO - 10.23007/amr.2019.7.2.21
ER -

Yaping Wang. (2019). Have overseas equity funds invested in China achieved excessive results?. Asset Management Review, 7(2), 21-45.

Yaping Wang. 2019, "Have overseas equity funds invested in China achieved excessive results?", Asset Management Review, vol.7, no.2 pp.21-45. Available from: doi:10.23007/amr.2019.7.2.21

Yaping Wang "Have overseas equity funds invested in China achieved excessive results?" Asset Management Review 7.2 pp.21-45 (2019) : 21.

Yaping Wang. Have overseas equity funds invested in China achieved excessive results?. 2019; 7(2), 21-45. Available from: doi:10.23007/amr.2019.7.2.21

Yaping Wang. "Have overseas equity funds invested in China achieved excessive results?" Asset Management Review 7, no.2 (2019) : 21-45.doi: 10.23007/amr.2019.7.2.21

Yaping Wang. Have overseas equity funds invested in China achieved excessive results?. Asset Management Review, 7(2), 21-45. doi: 10.23007/amr.2019.7.2.21

Yaping Wang. Have overseas equity funds invested in China achieved excessive results?. Asset Management Review. 2019; 7(2) 21-45. doi: 10.23007/amr.2019.7.2.21

Yaping Wang. Have overseas equity funds invested in China achieved excessive results?. 2019; 7(2), 21-45. Available from: doi:10.23007/amr.2019.7.2.21

Yaping Wang. "Have overseas equity funds invested in China achieved excessive results?" Asset Management Review 7, no.2 (2019) : 21-45.doi: 10.23007/amr.2019.7.2.21