| Along with the perfection and development of our Chinese security market, the effect of security investment funds in our country's security market become more and more important, so how to evaluate the performance of security investment funds veraciously, externally and scientifically has great significance. The article synthetically analyzed the foreign funds evaluation theories and methods, considering the specialty of our country, evaluated and analyzed the whole performance of Chinese security investment funds firstly, including the measurement of its income and risk, the traditional means and ameliorated means. Then the article analyzed empirically the ability about security selection , market-timing and performance persistence of Chinese security investment funds, accordingly we draw a conclusion that Chinese security investment funds win the market, but the performance level of the whole Chinese security investment funds need improve farther. In the fourth chapter of the article, I analyzed the herd behavior in the course of the operation about Chinese security investment funds, so I came to a conclusion that Chinese security investment funds has the herd behavior in their business for the single stock.
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