實時情緒指標運用於主動和被動投資選擇美國股票ETF

Abstract

本文建構了以情緒指標作為選擇主動式或被動式投資的投資策略。以美國散戶投資人協會所編制的情緒指標作為情緒指標資料來源，並以專注於美國股市的ETF、大盤指數作為投資標的，建構出投資策略並回測其績效。

This paper constructed investment strategies using sentiment indicators as the choice of doing active or passive investments. Using the real-time sentiment index compiled by the American Association of Individual Investors as the source of sentiment indicators, and using ETFs that focus on the US stock market as investment targets. This paper also showed the back-test result of the strategies.