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Title:	金融科技之風險屬性及投資價值之研究-以美國指數股票型基金為研究對象 Risk Attributes and Investment Value of Financial Technology- Evidence from U.S. Exchange Traded Funds
Authors:	呂依璇 Lu, Yi-Shiuan
Contributors:	吳啟銘呂依璇 Lu, Yi-Shiuan
Keywords:	金融科技投資風格風險屬性超額報酬投資價值
Date:	2020
Issue Date:	2020-07-01 13:37:34 (UTC+8)
Abstract:	面對數位化浪潮來襲，金融科技顯然已成為近年的發展重點，不僅為傳統金融業的服務模式帶來衝擊，亦使人們的生活型態產生極大變化。對於金融科技強勁的成長潛力，眾多科技公司及金融機構皆計畫跨足此利基市場，進而使得金融科技產業、科技產業及金融產業之間的關係日漸緊密，並相互影響。而金融科技究竟屬於金融產業或科技產業之一環，抑或是不同於兩者的全新產業，存在許多不同的論點，故本研究以美國指數股票型基金為研究對象，並就投資人角度探討金融科技產業、科技產業及金融產業是否存在差異。研究結果顯示，在投資風格方面，金融科技股ETF與科技股ETF較為相似，與金融股ETF則存在差異；在風險屬性方面，金融科技股ETF、科技股ETF及金融股ETF皆存在部分差異；在報酬表現方面，金融科技股ETF未能持續擁有顯著的超額報酬；最後，在投資價值方面，將金融科技股ETF納入投資組合得以提升整體績效，然而因其波動程度較高，使之投資績效增加幅度皆遜於含有科技股ETF及金融股ETF之投資組合。
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Description:	碩士國立政治大學財務管理學系 107357003
Source URI:	http://thesis.lib.nccu.edu.tw/record/#G0107357003
Data Type:	thesis
DOI:	10.6814/NCCU202000505
Appears in Collections:	[Department of Finance] Theses

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