What does the Development Strategy of the Mutual Fund Industry?

This article applies the ARMAX- GARCH model to investigate mutual fund industry the scale development strategy in Taiwan. Mutual fund industry development strategy of follow the stock market or the bond market index, when the stock market is good, all the investment trust industry on the issue of equity funds, on the contrary, when the bond market, issuance of bond funds, for a short times strategies to meet the needs of investors and highlights the mutual fund industry in Taiwan lack of long-term development strategy, we believe that the development strategy of  the mutual fund market require long-term development strategy.