A Statistical Analysis Of Performance Of Chinese Series Funds

Mutual funds have been prevailing investors in Chinese capital market. Series funds, animportant form of mutual funds, has attracted attention. In this thesis, the author analyzes thehistory and actual state of series funds and then analyzes the performance of Chinese seriesfunds.The first part of the article reviews the history of mutual funds and series funds and thenanalyzes the character and advantage of series funds. The series funds offers more choice offinancial product that can meet the investor's variety demand of venture and benefits. Thenthe author introduces the series funds in China and the fund companies that launch seriesfunds and then analyze the overhead and conversion fee of the sub-funds.The second part introduces the theory and theoretical models by which we can analyzethe outstanding achievement of series funds. The last part gives a statistical analysis ofoutstanding achievement of series funds in China. The statistical analysis shows that thebenefits of the series funds that launched by venture Fund Company is superior to that ofseries funds that launched by national fund company. The benefits of most series funds aresuperior to that of the market, which provide just suspicions to the validity of the financialmarket in China. The series funds all have the capacity of choose security, but they have nocapacity of selling securities in high price and buying in low price.