Research On Factors Affecting The Performance Of Public Offering FOF Funds In My Country

The rapid development of my country’s public offering FOF fund market,the rapid expansion of fund types,quantity and scale,and the deepening reform of the domestic fund market have put forward requirements for the development of public offering FOF funds.In order to meet the needs of individual investors to use professional institutions to select suitable fund products for diversified asset allocation,expand the team of institutional investors,enhance the service capabilities of financial institutions,and expand long-term stable capital flows for the fund market,the regulatory agency has timely proposed the importance of FOF funds.Development,the public offering FOF fund industry has developed under the guidance of policies.In such a complex and ever-changing market competition,how to judge whether the returns and risks of public offering FOF fund products are equal and whether the fund operation is effective will inevitably become the core issue for fund management companies to optimize products and investors to rationally choose their bases.This paper selects 69 public offering FOF funds as research samples,starts with factor analysis and regression analysis,explores the factors that affect fund performance and their effects,and finally draws a series of conclusions.This paper first analyzes the rationality of factor analysis in my country’s public offering FOF fund market,and draws the conclusion that it is feasible to select several income indicators and risk indicators to generate a weighted factor comprehensive score for evaluating the comprehensive performance of funds.Secondly,this paper constructs the evaluation model of my country’s public offering FOF funds,and conducts regression analysis,and draws the conclusion that different types of funds have different characteristics in terms of sensitivity to different indicators and their own microscopic performance.This paper explores the factors that affect fund performance mainly in microcosmic and macrocosmic aspects.At the micro level,factors such as the characteristics of the fund itself and the characteristics of the fund management company have a significant impact on the performance of the fund;at the macro level,the performance of my country’s FOF funds is affected by the fundamentals of the national economy,and factors such as the level of economic growth and the temperature of the capital market will all affect the performance of the fund.Affect the performance of the entire FOF fund market.This paper also finds that different types of funds have different characteristics in terms of sensitivity to different indicators and their own microscopic performance.For example,in terms of the ratio of the total market value of heavily held funds to the net asset value of the fund,the ratio of Type A funds can reach up to 57.156%,while Type C funds The highest in the fund is 5.834%.Through numerical analysis,it can be found that Class C funds are more thoroughly dispersed than Class A funds and are more risk-resistant.This subtle characteristic is reflected in the follow-up empirical results that Class A and Class C funds have different sensitivities to different indicators,and even have different or even opposite significant characteristics in some variables.Therefore,the fund rating can be classified and evaluated according to the type of fund to more accurately evaluate the performance of the fund.In short,this article aims to provide a certain reference for fund ratings by studying the performance influencing factors of my country’s public offering FOF funds,and also to provide investors with rational investment advice.