| Securities investment fund is a common way of investment,managed by the fund managers,professional financial management,fund holders in accordance with the proportion of their share of income sharing,risk sharing.With the continuous development and progress of Chinese securities market,people's financial awareness gradually increased,and securities investment funds have become widely recognized by investors in China.The securities investment fund industry in the complex high-risk financial market environment need to carefully select the appropriate fund manager groups to seek their own stable development.In this context,this article will focus on the fund manager's personal characteristics of the fund performance will have what kind of impact on this issue.On the basis of studying and summarizing the research of predecessors,this paper chooses five explanatory variables,which are the age,the degree of the fund manager,finance major,the number of funds managed by the fund manager and the experience to analyze the five fund managers' personal characteristics of the fund's performance.Controlled variables is the age of fund company,the fund company's fund number,the fund set up time and the size of the fund.Sharpe Ratio is explained variable.Through the empirical analysis,it is concluded that the age of the fund manager and the number of the funds that the fund manager has managed have indeed had a significant effect on the fund performance to a certain extent.The older fund managers will have better fund performance.Fund managers have managed the number of funds more,the fund's performance is better.In addition,the fund manager's degree and fund manager financial professional background and the fund income was positively correlated.The experience of fund manager and fund performance was negatively correlated.The fund manager's degree,fund manager financial professional background and experience on the impact of fund performance is not significant. |
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