The results show that there is obvious disposition effect on institutional investors although the turnover ratio of mutual funds is lower than that of stocks.
结果表明：尽管基金的周转率远低于股票交易周转率，基金投资者仍然存在明显的处置效应；
2
Even to the uniform dispositionof Hainan Province, due to the reimbursement of bank funds, but also the uncompleted residential flats construction indefinitely.