국내 주식형펀드시장에 대한 성과평가연구 ( 뮤추얼펀드 )

목차

I. 서론

II. 투자성과 평가방법

III. 연구표본과 연구방법

IV. 연구결과

IV. 결론

<참 고 문 헌>

본문내용

5-66.
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ABSTRACT
The Performance Measurement and Attribute Analysis on Equity Style Funds
Young Kyu Park
Uk Chang
The purpose of this research is to apply various fund performance measures on domestic equity style funds and to develop an improved performance measurement tools for Korean fund market. The conventional fund performance measures of Sharpe, Treynor, Jensen are first applied to Korean domestic equity style funds, but are found to be very unstable in Korean market largely due to the unstability of beta in Korean market. Thus, researcher introduce Morningstar measures and modify it to develop a new fund performance measure which can better accomodate the special characteristics of Korean equity style fund market.
In addition, the fund performance attribute analysis has been conducted. The empirical test result shows that the fund performance does not depend heavily on the ability of fund managers, but found that fund portfolio style decides the significant portions of fund performance.

키워드

주식형펀드,   뮤추얼펀드,   투자성,   주식시장,   한국시장