能源與替代性能源基金成長績效評估

近年來油價不斷上漲，國際能源類股漲勢一飛沖天，市場敏感度高的投資人，開始瞄準相關產業投資機會。然而，理財工具相當多元，投資人掌握了景氣趨勢之餘，還要用對投資方法，才能趨吉避凶，使獲利水準極大化。就操作風險、投資門檻及操作困難度來看，利用基金投資的方式，掌握未來原物料、能源續漲的趨勢，甚至相對替代性能源的投資標的亦受到投資者的關注，皆是相對較佳的選擇。故本研究因應目前最熱門的能源與替代性能源基金進一步分析其中淨值與成長比率之間的關係。並藉由本研究欲探討出目前投資能源與替代性能源之間所得到的淨值及獲利是否存在相對關係。將採用期望貨幣價值(EMV)決策理論來驗證能源及替代性能源的績效評估進而將提供投資者選擇的方向。

關鍵字

能源基金；替代性能源基金；期望貨幣價值

並列摘要

In recent years the oil price unceasingly rose, the international energy sector rising trend as soon as flew flushes the day, the market sensitivity high investor, started to aim at the correlation industry opportunities for investment. However, managed finances tool quite many Yuan, the investor has grasped the booming tendency-odd, but also had to use to invest the method, could hasten lucky avoids disaster, causes to make a profit the standard to be enormous. On the operation risk, invests the threshold and the operation degree of difficulty looked that, the use fund investment way, grasps the tendency which the future original material, the energy will continue rises, even the relative vicarious energy investment sign also will receive investor's attention, all will be the relative better choice. Therefore this research further analyzes between net worth and the growth ratio relations in accordance to the present most popular energy and the vicarious energy fund. And the affiliation wants by this research to discuss at present to invest the net worth which between the energy and the vicarious energy obtained arrives and to make a profit whether has the relative relations. Will use the expectation monetary value (EMV) the policy-making theory to confirm the energy and the vicarious energy achievements appraised then will provide the direction which the investor will choose.