Based On Factor Analysis Of Fund Performance Evaluation Studies

Nowadays, open-ended funds have become the most important institutional investors in securities market. It is useful for related parties to assess the performance of funds correctly, to realize the problems in the operation of funds objectively and to help the healthy development of open-ended funds through conducting profound research on the performance of funds.At present, domestic studies focus on evaluating the performance of Chinese funds from a certain aspect using foreign methods. There are also many deficiencies in studies on comprehensive performance evaluation. This paper arranges the actuality of the studies on the funds' performance evaluation in the world and in China, compares all kinds of comprehensive evaluation methods, ameliorates existent index system according to the principle of reference and innovation, and sets up a more perfect system of comprehensive performance evaluation system. Then, the latest data of the first stock open-ended funds are selected to do empirical analysis. Positive results show that the evaluation system is comprehensive, objective and rational.