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Research on the Factors Affecting the Income of Internet Monetary Funds in China

In: Ieis 2020

Author

Listed:
  • Chaoxiang Jia

    (Beijing Jiaotong University)

  • Xinyi Mei

    (Beijing Jiaotong University)

Abstract

In this paper, the seven indicators: the Shanghai interbank offered rate, the Shanghai composite index, the government bond index, the establishment time of the monetary fund, the size of the monetary fund, the proportion of the underlying bond, and the proportion of cash invested in the monetary fund, were selected as variables. Based on the impact of the previous period of monetary fund returns to the current period, a dynamic panel regression model was established to compare and analyze the returns of 28 Internet monetary funds in China. The results showed that the last term yield of Internet monetary funds, Shanghai interbank offered rate, Shanghai stock index, and government bond index has a significant positive impact on the yield of monetary funds. In contrast, the establishment time of monetary fund, fund size, and the proportion of underlying bonds and cash harm the yield of monetary funds. Finally, this paper put forward reasonable suggestions from the perspectives of fund regulatory authorities, marketing agencies, and investors.

Suggested Citation

  • Chaoxiang Jia & Xinyi Mei, 2021. "Research on the Factors Affecting the Income of Internet Monetary Funds in China," Springer Books, in: Menggang Li & Gábor Bohács & Guowei Hua & Daqing Gong & Xiaopu Shang (ed.), Ieis 2020, pages 179-189, Springer.
    • Handle: RePEc:spr:sprchp:978-981-33-4363-4_14
    DOI: 10.1007/978-981-33-4363-4_14
    as

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