 The practice of investment management in Hong Kong: market forecasting and stock selectionMichael Wong and Yan-Leung Cheung Omega, 1999, vol. 27, issue 4, 451-465 Abstract: This is the first survey study in Hong Kong on the practice of investment management in terms of stock market forecasting and stock selection. Our respondents come from different sectors of the investment industry. Hong Kong has became one of the most important centres for fund management industry. Thus, it is important for international investors to acquire a better understanding of how investment professionals or analysts in Hong Kong practice their trades. The respondents were asked to rate the relative importance of a number of techniques for stock analysis. There are three major categories of techniques in the survey, namely fundamental analysis, technical analysis and portfolio analysis. Our results indicate that Hong Kong analysts rely more on fundamental and technical analyses and rely less on portfolio analysis. Also, investment horizon, analysts' backgrounds and their company attributes have some association with the relative importance of the techniques the analysts use for stock analysis. Keywords: Survey; Fundamental; analysis; Technical; analysis; Portfolio; analysis; Investment; practices; Market; efficiency (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jomega:v:27:y:1999:i:4:p:451-465 Ordering information: This journal article can be ordered from Access Statistics for this article Omega is currently edited by B. Lev More articles in Omega from Elsevier |
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