Research On The Evaluation System Of China’s Open Stock Fund

Securities investment fund since its inception in the world have been great development, and has directly or indirectly affect the development of national economy, and later also became the following the banking, securities, insurance industry after the four big pillars of finance. With the rapid development of modern economy, finance and science and technology, and the traditional economic, modern economy, both in the organization’s management or management has been a great change. At present, in many fields of finance, the fund industry has attracted a lot of attention, one of which is a fund industry has now mastered a lot of money, for economic development has a pivotal role, at the same time, the fund has slowly evolved into one of the major institutional investors and individual investors investment. So how to scientifically and reasonably evaluate the performance of the fund has been an important topic. This not only does not play a very good role in guiding the rational investment for investors, but also played a role for the supervision of fund managers. The fund managers to avoid risk and gain profits, the majority of investors to bring economic returns. At the same time, the government can also use the fund rating to promptly take appropriate measures to make the fund management,the development of more stable and safe. Therefore, its practical significance is self-evident. But how to use appropriate methods and accurate model for the rating of the fund has been considered one of the important issues in academic research. Is mainly the developed countries already have a set of conditions for foreign mature theory, our domestic scholars often use foreign system for rating on our domestic fund.But after the financial market development situation at home and abroad is not the same, we have to face the conclusion bias applied to foreign rating system caused by.This article is based on this point, through the consolidation of foreign mature fund evaluation system, the establishment of a fund evaluation system of our own domestic belongs to, and empirical analysis, to verify its rationality and applicability.The main contents of this paper include: first, the thesis introduces thebackground and significance of the research. Statements and structure of this paper,innovation and inadequacies. Second, the classification of funds, and about the significance of classification. Third, the typical fund evaluation system introduced abroad has matured. Fourth, the construction of open stock fund of our own evaluation system.Fifth, empirical analysis, through the observation of the conclusion and deficiencies.