China's Securities Investment Fund Performance Evaluation Of Empirical Research

In China the first closed funds were established in March,1998,in the next years,. Securities investment funds have been developed rapidly and have become one of the most important institutional investors in securities market now. The fund performance evaluation plays an important role in promoting healthy development of fund, but the research in this question just is in the start step in china, in present, relatively lag fund performance evaluation can not adapt the demand of further development in the fund market. Establishing scientific and complete fund performance evaluation system to make all quarters in the market carrying on the objective evaluation to the fund performance and the investment effect, not only has very high theory value, but also has important and urgent significance for healthy development of investment fund industry. This article tries to establish a set of evaluating system of our country, and hopes to help the research of fund method to the certain reference function; this paper has conducted the research on the investment fund performance evaluation:First, introduces the concept and the essential factor of securities investment fund, development situation in domestic, development significance, the originate of investment fund performance, the connotation of the fund performance evaluation and the significance of the fund performance evaluation to the fund managers, the investor and the superiorsSecondly, introduces the flaw on the fund net worth as the evaluation index, comprehensive introduces the method of overseas securities investment fund performance evaluation, Including risk adjustment income method, Moreover, proposes the suitable improvement-M2 index, and the loss ratio, then introduces the model which weight choosing securities and time ability of the fund manager. Also briefly introduces present research situation in domestic, and points out the insufficiency of...