Single-index Performance Evaluation Model For Applied Research In The Growth Performance Evaluation Of Securities Investment Funds

Now, the evaluation work of mutual fund is the first step in our country, the fund research isn't a integral system, but accelerating the step of fund development and enlarging scale of the investor, it objective needs to evaluation performance of the fund. The domestic document is more study the singular fund, is less study the classified fund.This article makes use of the analysis method of financial statistics in the research of the classified fund evaluation. On the basis of many objective data, fist classify the mutual fund, then makes use of Sharp's measure to evaluate the classified mutual fund performance, and make use of T-test exam prominence of the profit difference of classified fund. If the result of research shows that the performance of the growing mutual fund can exceed the performance of stock index and the difference is proved by T-test, that express the investment style of mutual fund is affect investment performance obviously. If the result of research shows that the performance of the growing mutual fund can exceed the performance of stock index , but the difference isn't proved by T-test, that express the investment style of mutual fund is affect investment performance ,but no obviously. If the result of research shows that the performance of between the growing mutual fund and stock index isn't distinct, that express the investment style of mutual fund isn't affect investment performance.This article shows that during Aug 15,2003 and Dec 10,2004,the growing mutual fund performance exceed the objective fund that invest the stocks that compose of Shanghai Composite Index or Citic Composite Index. The investment style of growing mutual fund is affect the investment performance, but no obviously. The wave of profit rate is smooth than Shanghai Composite Index or Citic Composite Index. All of active growing mutual fund, moderate growing mutual fund, bonus growing mutual fund performance exceed the objective fund that invest the stocks that compose of Shanghai Composite Index or Citic Composite Index, but the performance difference is small between them and total growing mutual fund. The investment style of all of active growing mutual fund, moderate growing mutual fund, bonus growing mutual fund aren't affect their performance basically, and their wave is smooth in turn.