- 學位論文
台灣股票市場ETF之研究－以0050、0056、00632R為例
A Study of ETF in Taiwan Stock Market－Using 0050、0056、and 00632R as examples
摘要
隨著全球經濟的發展以及科技的進步使得投資理財更加國際化，市場不斷發展投資工具種類和金融產品更加多樣化供投資人去做選擇，其中指數型股票基金（ETF）因其流動性高、透明度高、分散風險之特性於金融風暴後獲得投資人高度青睞近年來發展快速，成為近幾年全球發展迅速的投資型工具之一，隨著法規的自由開啟國內在2003年推出首檔ETF為寶來台灣卓越50，是台灣最具代表性的台股指數化投資工具。 本研究將以台灣ETF其中三款基金作為研究，分別為元大寶來台灣卓越50證券投資信託基金(0050)、元大台灣高股息證券投資信託基金(0056)、台灣50單日反向1倍投資信託基金(00632R)，以三款ETF的歷史股市資料分別記錄其每年最低點及最高點等資訊，做實證研究以敘述性統計分析走勢投，建立一個有效的投資策略。
並列摘要
With the development of the global economy and the progress of science and technology, investment management has become more internationalized.The market continues to grow and investment tools and financial products are more diversified for investors to make selection. Among them, index stock fund (ETF) has gained high popularity from investors after the financial storm because of its high liquidity, high transparency and diversification of risk. and has become one of the fastest growing investment tools in the world in recent years. With the liberalization of regulations, Bora Taiwan's excellence 50 was launched as the first tranche of ETF in 2003, and is the most representative Taiwan stock index investment tool. This research is conducted with three funds from Taiwan ETF, the YuanDa Bora, Taiwan outstanding 50 securities investment trust (0050), the YuanDa Taiwan high dividend securities investment trust (0056), Taiwan 50 single day reverse 1 times Investment Trust Fund (00632R) Respectively. By taking three historical stock market data of ETF, recording their annual minimum and peak points, and conducting with Empirical research and using narrative statistics to analyze the trend of investment, this research has established an effective investment strategy.