新疆财经

新疆财经 >

2018 , Vol. 0 >Issue 6: 26 - 32

DOI: https://doi.org/10.16716/j.cnki.65-1030/f.2018.06.003

管理理论与实践

中国股票型开放式基金周内效应分析

  • Sun Panfeng ,
  • Zhang Wenzhong
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  • 新疆财经大学 中亚经贸研究院,新疆 乌鲁木齐 830012
孙攀峰(1988-),男,博士研究生,研究方向:金融学;张文中(1963-),男,教授,博士生导师,研究方向:区域金融。

收稿日期: 2018-07-15

  网络出版日期: 2020-11-23

基金资助

国家社会科学基金重大招标项目“中国新疆周边国家经济安全机制比较和整合研究” (14ZDA088);新疆财经大学研究生科研创新项目“基于空间视角下的中国对‘一带一路’沿线国家海外并购研究”(XJUFE2018B003)

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An Analysis of Weekday Effect of Stock-oriented Open-end Funds in China

  • 陈娜
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  • Xinjiang University of Finance & Economics, Urumqi 830000, China

Received date: 2018-07-15

  Online published: 2020-11-23

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摘要

内容提要:本文运用描述性统计分析法和ANOVA模型分别对 2016年2月1日至2017年12月31日期间188支股票型开放式基金从负收益、正收益、全部收益三个方面进行周内效应研究。结果显示,在研究期间内样本基金收益周四<周五<周三<周一<周二,存在“周四效应”,即周投者把周四作为定投日期能有效地降低投资成本,增加投资收益。

关键词： 股票型开放式基金; 周投; 负收益; 正收益; 全部收益; 周内效应; ANOVA模型

本文引用格式

Sun Panfeng , Zhang Wenzhong . 中国股票型开放式基金周内效应分析[J]. 新疆财经, 2018 , 0(6) : 26 -32 . DOI: 10.16716/j.cnki.65-1030/f.2018.06.003

Abstract

In this paper, statistical knowledge and ANOVA model are used to study the weekday effect of 188 stock-oriented open-ended funds during the period between February 1st, 2016 and December 31st, 2017 from the aspect of negative return, positive return and total return respectively. The results show that the sample fund returns during the study period are different, the lowest return falls on Thursday, then Friday, Wednesday, Monday and the highest return falls on Tuesday. As a result, there is a “Thursday effect”, that is, weekly investors can effectively reduce investment costs and increase investment returns by taking Thursday as the fixed investment date.

Key words： Stock-oriented Open-end Fund; Weekly Investment; Negative Returns; Positive Returns; Total Returns; weekday effect; ANOVA model

参考文献

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