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Performance Evaluation Of Securities Investment Funds And Empirical Research

Posted on:2003-05-15Degree:MasterType:Thesis
Country:ChinaCandidate:J SuFull Text:PDF
GTID:2206360062450456Subject:Management Science and Engineering
Abstract/Summary:PDF Full Text Request
Along with the perfection and development of security market, the proportion of investment funds is larger and larger .How to appraisal the performance of funds has become the focus of market .So this paper tempts to summarize and evaluate the performance of funds for more than three years.This paper discuss the performance and portfolio strategy about investment fund through the regression analysis of SCL based on capital market theory .The results indicate that the extra rate of return to investment fund is not better than to the average of the market.The reason why the return to investment fund is not better than to the average of the market is: the competition of investment funds is severity; the invest idea and style is multiplicity; the capability of selecting the opportunity of security market is not notability and the ability of stock selecting emphasize the risk decentralization, not the income.
Keywords/Search Tags:investment fund, performance appraisal, portfolio strategy
PDF Full Text Request
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