Analysis On The Performance Measurement Of The Social Security Fund Investment In China

The fund of social security of our country has been widely concerned are mainly two reasons: China to speed up the process of aging. The fund of social security of our country accounted for than the largest pension is worth spending is becoming more and more obvious; local pension fund is huge, only risk‐free investment without increasing the value of the law, did not find a better more effective investment tool, into the city is high feasibility. If China’s social security fund to become a long‐term investors in the capital market, not only conducive to the social security fund, such a large investment fund also has a great impact on the development of China’s capital market.The national social security fund as other social security fund of the reference object, the investment fund rate of return, Sharpe index, Treynor index and Jensen index of our country’s social security fund stock and bond type fund portfolio selection in recent years of performance data for evaluation, and the Shanghai and Shenzhen stock index returns 80% + of bond index return rate of 20%, the benchmark. From the results of calculations show that return on investment of the social security fund in our country is basic to outperform the market, but the income is not stable enough, and that we should control all kinds of financial risk and risk management, strengthen supervision of social security fund assets and asset allocation, strengthen the commissioned on behalf of the fund management of the supervision and the exchange of information the agents. The research contributions: 1, to encourage personal savings of regular investment; 2, the use of the national social security fund of the fund’s portfolio is selected as the sample, carries on the empirical analysis through the international commonly used three performance index Sharpe index, Treynor index, Jensen index of the social security fund investment performance.