Abstract
In this research we first investigated the day-of-the-week effect in the Taiwan mutual fund market. The results revealed significantly negative Monday returns and positive Friday returns. This weekend effect did not vary greatly between the early and later periods of the month. In the absence of transaction costs, weekend trading strategies, both simple and complex, can increase returns and moderate risk. Finally, the pattern triggered by macroeconomic news can only partially subsume the weekend effects of fund returns.
Recommended Citation
Lin, Mei-Chen and Chen, Miawjane
(2008)
"THE PROFITABILITY OF THE WEEKEND EFFECT: EVIDENCE FROM THE TAIWAN MUTUAL FUND MARKET,"
Journal of Marine Science and Technology: Vol. 16:
Iss.
3, Article 8.
DOI: 10.51400/2709-6998.2012
Available at:
https://jmstt.ntou.edu.tw/journal/vol16/iss3/8