An Empirical Study On Performance Evaluation Of Securities Investment Fund Of China

The performance of securities investment fund is an important link of the development of fund industry. In recent years, the securities investment fund has been developing rapidly. It seems more and more necessary for both managers and investors to evaluate the performance of the investment fund scientifically so as to guide their action. However, our current fund market is in its primary phase, the research and practice of fund evaluation are in the bud and there have no our own evaluation system. With the continuously establishment of new funds and the fast development of fund industry in our country, properly inspecting, analyzing and evaluating funds performance is becoming more and more important.Therefore, based on the theory of both home and abroad, the purpose of this paper wants to construct a evaluation system that is fit for the development of Chinese fund industry. It's core content consists of aspects which are the performance evaluation, performance persistence and investment style of fund.The original aspects of this paper reflect in putting forward the holisticperformance evaluation of fund, considering the limitation of evaluating the performance of fund with a signal index, and in choosing consistent method when analyzing those three core content. To evaluate the fund performance on this basis, it will become more comprehensive and systematic.