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Since the end of 2019, the world has been affected by the new crown epidemic, and the world economy has been greatly affected. The Russian-Ukrainian war broke out at the end of February 2020, which made the global financial situation worse. In order to prevent economic recession, the United States lowered the benchmark interest rate again in March 2020 to the range of 0%-0.25%. This is the benchmark interest rate has been lowered to the zero interest rate range again since the financial tsunami in 2008. In the face of a rapidly changing market, what investment strategy should investors choose to avoid heavy losses has become an important topic for every investor.
This research takes Taiwan ETF as the research object, and discusses the analysis of the rate of return of regular quota and lump sum investment during the implementation of the zero interest rate policy in the United States. The data of the study are ETFs listed in Taiwan, and they are divided into five categories, and ten ETFs are selected from them For analysis of ETF and 0050, the investment period is from 2020 to 2022, divided into 12 periods (1 year), 24 periods (2 years) and 25 periods (the last period before the US interest rate hike) for comparison; in addition, investors can get the best rate of return by buying ETFs at the opening price or closing price. The results of the study show that investors who buy a leveraged ETF at the closing price in a lump sum investment can get the best rate of return over a 2-year period, while buying an inverse ETF at the opening price in a lump sum investment has the worst return on investment in a 2-year period. Our results are hoped to be a reference for investors in choosing investment strategies.
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