At 2017 Auckland Finance Meeting, the paper Smart Beta, Smart Money written by Prof. Yeguang Chi, Assistant Professor of Finance at Shanghai Jiao Tong University Shanghai Advanced Institute of Finance (SAIF), won the honor of 2017 CFA Institute Asia-Pacific Capital Markets Research Award.
Carefully analyzing the results and position dynamics of 535 equity funds launched between early 1998 and end 2015 in China, Prof. Chi concludes that while compared to individual investors, Chinese institutional investors represented by mutual funds prefer large cap blue-chip stocks, they continuously beat individual investors and the market thanks to outstanding timing skill. In the article, he also compares the results to the data of US equity funds between 1980 and 2014.
In 2016, the paper Private Information in the Chinese Stock Market: Evidence from Mutual Funds and Corporate Insiders, also presented by Prof. Chi, was granted with the 29th Australasian Finance and Banking Conference CFA Institute Research Award.
