Analysis of Influential Factors for Investors’ Stock Fund Performance in China

Abstract

Stock fund is an important species in China’s mutual fund market. This paper takes stock fund investors as research object, through sample survey, works out the main influential factors of stock fund performance by principal component analysis (PCA). The result shows that International macro-environmental, stock fund management efficiency and investment strategies, policies and regulations regulatory, monetary policy, investors characteristics, scale cost are six major factors for the performance of investors’ stock fund. In the end, we propose some suggestions to improve the performance.

DOI: 10.5901/ajis.2013.v2n11p81