| dc.description.abstract | In this thesis, we introduce the overseas popular equity style investment indices into Taiwan stock market. Generally speaking, equity style investment indices have been developed for a period of time abroad, like United States and Europe. And the basic concept behind it is to implement investment strategies that are designed to earn abnormal average returns from the mispriced securities that result from the empirically observed company attribute anomaly. However, Taiwan just put more and more focus on the developments of size ETFs in recent years, like Taiwan Top 50 Index and Taiwan MidCap 100 Index, and still lack other representative style targets to replicate or invest in. In this way, based on SSBWESI construction method, we especially introduce investors’ other basic reorganizations of style factors into Taiwan: growth and value, and construct typical indices for them. Furthermore, we also combine William F. Sharpe’s theory of style measurement in 1992 with these new style indices for testing and categorizing Taiwan mutual funds. Undoubtedly, results of this research are really interesting and we can also get further revised information of general sense. Therefore, for losing no time, let’s enter this thesis quickly. | en_US |