Performance Evaluation Of Closed-end Securities Investment Funds Empirical Research

In order to explore whether fund is worth investing in the long term,this article analyzes and compares the performance of all the 28 existing closed-end securities investment funds in the Chinese stock market in the last 6 years by using indicators such as Sharpe ratio,total risk-adjustedα,risk-adjusted performance,Treynor index, Jensen'sα,etc.The empirical study shows that all the performance indicators of the sample funds remarkably exceed the market benchmark index.Thus demonstrates that fund is indeed able to overcome the market and is worth investing in the long term.In this article,several suggestions are also raised aiming at the current situation and the problems in Chinese fund industry and the whole securities industry.