Research On The Impact Of Development Of Holding Corporates And Investment Concentration On Performance Of Sports Mutual Funds

In recent years,the fund industry has flourished in China,and the types of funds have become increasingly diverse.At the same time,as the sunrise industry in China,the sports industry has entered a stage of rapid development.With the rapid development of the capital market and the sports and sports industry in recent years,many fund companies have raised and publicly issued relevant sports concept funds,which are managed by fund managers and select relevant stocks in the sports industry for investment,bringing value to investors..In this context,it is particularly important to study the influencing factors of the performance of sports concept funds.With the rapid development of the sports industry,can sports concept funds invested in listed companies in the sports industry have better performance? The research in this paper mainly focuses on the impact of the growth and potential of fund-holding sports companies on the performance of sports concept funds,and then derives the relationship between the development level of the sports industry and the performance of sports concept funds.This article makes a comprehensive analysis of the factors affecting the performance of sports concept funds.First,this article introduces the background,development and current status of the sports concept fund.Then introduce related research theories and put forward hypotheses.Then,through the construction of regression equations,China's open-end sports concept fund was selected as the research object in the past three years to examine the impact of the fund holding company's growth capacity and development potential on the performance of sports concept fund,providing micro-level evidence for relevant theoretical research.An empirical study found that the stronger the growth capability and development potential of the sports industry companies held by the fund,the better the fund performance;furthermore,the higher the development level of the sports industry,the better the performance of the sports concept fund.The concentration of investment-related industries has a negative impact,and the concentration of investment stocks has a significant positive impact;managers with research experience in sports-related industries have better fund product performance.In addition,the research in this paper finds that fund managers with sports-related experience have different performance when they choose to invest in concentrated investment: the performance of concentrated investment in the industry is worse,and the performance of concentrated investment in stock holding is better.In terms of control variables,the size of the fund,the number of fund teams,and no change in fund managers are significantly positively correlated with the performance of the fund;the fund risk,the proportion of the fund's shareholding,and the year of fund establishment have a significant negative correlation with their performance.Finally,based on the empirical analysis of fund performance,this paper puts forward relevant measures and suggestions for the current investment of China's sports concept funds.