Chinese Securities Fund Performance Evaluation Study

As the first group of closed funds in China, Kaiyuan fund and Jintai fund were established in March, 1998, announcing the officially inauguration of securities funds. Securities funds have been developing rapidly since then and have become one of the most important institutional investors in securities market now. The fund performance evaluation plays an important role in promoting healthy development of fund. However, the study on this subject in China is still in its elementary phase. With the accelerative development of securities funds, our relatively laggard fund performance evaluation research will definitely hamper the further development of funds market. So it is of important practical sense to establish an integrated fund performance measurement system.This article introduces three foreign "classical" fund performance measurement models, including Sharp ratio, Treynor ratio and Jensen index. Based on that, it manages to explore the evaluation method which is suitable for current Chinese funds market situation, that is Weighted Index . Lastly, this article makes an empirical analysis on Boshi value growth fund using the above method.youyou (technological economy and management) directed by associate prof, shenwei...