|dc.description.abstract||The investment performance of mutual fund will influence the investor’s profit, financial solvency and the increase of personal assets, especially in the present of low deposit rate and high loan rate stage.
This study examines 1,218 mutual fund investors chosen from A bank in Hsinchu spanning the period from year 2,002 to year 2,007. The econometric regression model is used to analyze the relationship between the mutual fund investing performance and the investor’s risk attitude. In the empirical process, a survey questionnaire is utilized to collect the fund investor’s demographic data, risk attitude and his risk perception of financial management. Three kinds of individual risk type are considered in this paper.
From the empirical results of this study, among the investor’s demographic data, the variables of sex, age, education, yearly revenue, personal response to market fluctuation and the familiarity with financial products are all significantly associated with the risk types of investors. Meanwhile, the investor with higher education level, more response to market fluctuation and familiar with financial products tends to be the active risk style. Another appealing finding from this paper is, the aggressive risk style displays a significant positive influence on the fund investor’s expected returns. In other words, the more aggressive risk style the investor has, the higher investment performance of mutual fund exhibits.||en_US|