Research On The Effect Of Application Of Quantitative Investment Strategy

The domestic application of quantative investment staregy is now in start-up stage.Theapplication of quantative investment strategy grows steadly in recent years.Domestic scholarshave little research on effect of application of quantative investment strategy.Henceforce,thisarticle research on quantitative funds performance and management ability to achieve the effectof researching on effect of application of quantative investment strategy.For the first,the article contrast the performance result of quantitative funds to the Zhonxina-share stock price index to reveal whether or not application of quantitative strategy has anymeanings.For the second,the article use T-M,H-M and C-L model to evaluate the managementability of nine quantitative funds.The research results show that sixty percents quantitative funds can over-run themarket,which means that application of quantitative strategy has realistic meanings.The researchresults of T-M and H-M model and C-L model show that near all quantitative funds have securityselection ability but not significant,and near none quantitative funds have timing ability,.which issignificant in C-L model test.At last,this article first summarizes all conlusion,then makes proposal on it,and describelimitation of this research.