A Study On The Influence Factors For The Performance Of Chinese Stock Open-ended Fund-Classified By Investment Styles

With the rapid development of the security investment funds industry, especially the booms it enjoys in recent years, people become to concern their performance, particularly on the stock open-end fund. On the base of the needs of retail investors who do not have the relative knowledge background, this paper combines those single index through analyzing the main factors which influence the performance of stock open-end fund, to evaluate the fund's performance in a comprehensive and fair way.The first chapter elaborates the background and purpose of this study, then lists the main contents and methods of it. The chapter two introduces the theory of evaluating the performance of security investment funds, and the research about this aspect both in and out of our country. In the chapter three, this paper first introduces the fundamental concepts of security investment funds and summarizes the development of china's security investment funds. Later, the chapter characterizes the performance of security investment fund and the stock open-end fund.On the background of the performance evaluate theory in existence and the fact of this industry in our country, chapter four introduces the research ways and the framework of this article. Then uses the software SPSS to do the positive research on three kinds of stock open-end fund, and explains the result both in theory and in pactice.The chapter five gives a comparative analyse of the results and put forward some suggestions.This paper's results show that we can combine those influence factors into four,which are style,risk,income and value.Retail investors should choose the invest targets by considering all of the factors together.