Proceedings of World Business Research Conference

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Proceedings of World Business Research Conference
11 - 13 June 2015, Hotel Novotel Xin Qiao, Beijing, China, ISBN: 978-1-922069-78-8
The Effect of Dividend Payout Policy to Mutual Fund
Performance
Ming-Chang Cheng*, Chien-Chi Lee, Hui-Chuan Wang and I-Chin Chang
Since the Financial Tsunami in 2008, many countries implement the Quantitative Easing
Monetary Policy. The investors start to rearrange their capital from monetary market to the
higher yield commodity, especially the dividend fund. This paper mainly analyzes the
relationship between the performance and the payout pattern of the dividend fund in Taiwan.
Besides, the study further compares the performance between the dividend fund and the
accumulate fund via four performance indicators. The results show that the dividend payout
frequency significantly affects the fund performance.
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Ming-Chang Cheng*, Chien-Chi Lee, Hui-Chuan Wang and I-Chin Chang, National Chung Cheng University,
Taiwan.*Corresponding Author Email: [email protected], [email protected]
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