An Empirical Research On The Performance And Persistence Evaluation Of Open-ended Funds In China

Securities fund originated British and colonial government trust overseas funds in1868,and soon it got great development in the United States, especially in the1870s it hasexcellent performance. More than100years, securities investment fund has always been oneof the main tools of securities investment. It is the main characteristic of risk-sharing, benefitsharing.Because in the form of collective investment, fund companies often volatile fund ofsecurities investors hen funds to invest in various types of securities products, after theprofits will be gained by the income distribution according to proportion., of course, can bein the form of portfolio diversification, so more be adopted in the fund company, at the sametime, the professional level of fund managers can largely around the stand or fall of fundperformance.Fund performance evaluation can be used to accurately measure the abilities of fundinvestment management. It is a relatively objective and fair evaluation, can fundamentallythe actual operating funds. For fund managers choose the stock selection ability of thesignificance of the study is to help investors to measure the ability of investment managers,correctly can help investors to get rid of the stock market funds will be able to beat themarket misleading, step by step can help investors recognize the source of investment fundsperformance.At the same time，we classified fund research, in order to judge the source of the fundperformance problems. Finally using the model to explore whether the fund performance ofpersistent problems in our country.