The Frontiers of Society, Science and Technology, 2021, 3(1); doi: 10.25236/FSST.2021.030101.
Fan Gaole1, Lin Jiaxu1, Kuang Zheju2
1. Tianshi College, Tianjin 301700, China
2. Industrial and Commercial Bank of China (Beijing Hepingli Sub-Branch), Beijing 100007, China
Compared with closed-end funds, open-end funds refer to funds that can be traded jointly. With the development of financial market, fund has become an important investment channel. Fund performance reflects the historical growth, net capital and profit information of the fund, and it is also a reference index for investors to invest. The research shows that fund performance and investor behavior play an interactive role, with affecting the decision-making of investors' purchase or redemption. This paper mainly studies the relationship between the performance of open-end funds and investors' behavior, so as to make people more clearly about the relationship between the performance of open-end funds and investors' behavior.
Open-end, Fund Performance, Investor Behavior
Fan Gaole, Lin Jiaxu, Kuang Zheju. The Influence of Personality Tendency of African Students in China on Their Cross-cultural Adaptation—Empirical Analysis of 7 Universities in Changsha City. The Frontiers of Society, Science and Technology (2021) Vol. 3 Issue 1: 1-4. https://doi.org/10.25236/FSST.2021.030101.
[1] Li Jinlong (2020). Fund extreme return and capital flow -- Evidence from China's open-end funds [J]. Journal of Finance and Economics, no.9, pp.153-168.
[2] Song He, Fang Yan, Chang Wei (2020). Research on the performance, stock selection and timing ability of open-end funds in China[J]. Accounting and Finance,no.5,pp.70-79.
[3] Chen Xianming (2019). Research on Herding Effect of China's open-end funds at industry level [J]. Modern Business,no.10,pp84-86.
[4] Chen Wenbo, Chen Langnan, Wang Shengquan (2019). Research on investors' gambling behavior -- Based on the perspective of profit and loss status and investor sentiment[J]. Chinese Journal of Management Science, vol.27,no.02,pp.19-30.
[5] Yang Xia, Yan Kai, Zhou Haiyan (2019). An empirical study on the performance evaluation system of open-end securities funds [J]. Communication of Finance and Accounting, no.06, pp.124-128.
[6] Xu Lin, Chen Yangyang(2019). A new explanation of fund manager's risk taking behavior -- from the perspective of the combination of performance and investors[J]. Financial Development Review, no.02.pp.147-158.
[7] Ma Zihong, Chen Xin, Zhang Shibin(2019). Characteristics of securities investment funds and window dressing effect -- Based on the empirical evidence of China's open end stock funds from 2005 to 2017[J]. Review of Investment Studies, vol.38,no.01,pp.69-81.
[8] Yu Jiangning, Zhu Qigui(2015). Research on the relationship between the change of open-end fund flow and investors' behavior -- Empirical Evidence from fund market and stock market[J]. Securities Market Herald,no.11,pp.57-63.