Open-end Fund Performance Evaluation

In recent years, the securities investment funds have the characteristics of high income and low risk, so the funds are preferred by the common investors and the whole industry has developed very fast. As more types of funds appear in the market, the investors become more rational and are keen on fund performance evaluation systerm, and try to find some scientific investment methods. But the fund evaluation is a very complicated systerm. It can not ensure the evaluation results to be stable and valid for a long time only by several criteria. Because the fund managers are the real operators and a critical factor on investment income, from the perspective of fund managers, the article studies the what kind of fund managers could bring high return and offer the common investors some reference on how to choose funds and fund managers.First the article looks back on the relevant theories on securities investment funds, and introduces the theories and methods on fund managers' investment ability.Second , the article chooses the sample of the Chinese open securities investment funds , by the personal characteristics of fund managers( such as education background,age,working experience,tenure), the article shows the relevant relationship between the fund managers' characteristics and the performance of the funds . It offers the investors some good advice on how to choose investment funds.Finally, the article studies the situation and some current problems among the fund managers, and also offers some improvement measures and suggestions.