An Empirical Analysis Of China's Securities Investment Fund Performance

Since the world's first investment fund debuted in Britain more than 130 years ago, global investment fund assets have soared to about US $11 trillion. Along with the sustained and stable development of China's economy and its deepening involvement in economic globalization, the investment funds industry in China is faced with rare historic opportunities and enormous challenges.The introduction of investment funds is regarded as a mark of crucial changes for China's financial structure. Funds investment serves as a reliable investment instrument for the public. They provide an ideal investment channel for pension funds. Also, they greatly buoy the stock market and reduce the market volatility.With a history of only four years, the fledgling fund management companies have many problems in such fields as investment, operation, risk management, and corporate governance. And the investment funds industry has not established the performance evaluation system. This thesis will attempt to establish it.