Research On Discovery The Worth Of Mutual Fund In Information-dissymmetry Market

The securities investment funds is a kind of financing product, by taking advantage of its strength of professional investment, risks diversification and scale effects, got more and more approbations of investors . Especially in 2006, many funds made very good achievements, under the demonstration function, enthusiasms of the investors for the fund is almost wildly hot. In last year new fund accounts amount to 7,780,000, up to 2007 quarterly degree, fund investors' number has already broken 15,000,000, all kinds of funds amount to more than 350, fund asset totally amount to over trillion.But the fund isn't the investment product without venture, in our country market supervision still is in groping phase, specially in a not- valid market, exist serious information dissymmetry problem, as a result common investors can get very few informations about funds;Moreover, common investor have no ability to analyse the worth of fund enough. Along with the fund amount continuously increase , investor's choice is getting more difficult. Exactly according to above two points and on the base of present development situation of fund, this article put forward some suggests and conceives about performance evaluation system of funds, and is to draw up fund evaluating system to reach commom investor's need, in order to help investors to discover the fund which is in keeping with oneself and has investment worth ,thus to convert static data into the dynamic mechanism for fund investor,with more in time, more overall and more valid service.This article is to carry on simple introduction of present condition and development of fund and fund rating industry at home and abroad firstly;Then pointed out problems existent in the fund evaluation system;Immediately try to set up an evaluation system to match investors'demands, this is the emphasis of the article. Certainly setting up a fund evaluation system is a huge system engineering, attaining to each detail is very difficult, so this article mainly choose key indexes, and draw lessons from mature rating system and study result to redesign and perfect it with innovation;Afterward selected some funds as swatch to examine fund evaluation system and get substantial evidence for fund evaluation; End, to put forward some opinions to fund industry and fund evaluation in our country .