2005•Journal of Shenzhen PolytechnicRequires access

An Empirical Study on Investment Fund Performance Evaluation

Hongxia Yu

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Abstract

A comparative study is made on some time-honored fund performance evaluation patterns, and a new one, Sortino ratio is presented. After an empirical study of ten typical funds in the stock market in China, it is held that most funds fail to resort to the strength of collective investment and financing by experts after the security investment funds lose the rights issue, and the short medium-term performance is not persistent.

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A comparative study is made on some time-honored fund performance evaluation patterns, and a new one, Sortino ratio is presented. After an empirical study of ten typical funds in the stock market in China, it is held that most funds fail to resort to the strength of collective investment and financing by experts after the security investment funds lose the rights issue, and the short medium-term performance is not persistent.

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Available abstract

A comparative study is made on some time-honored fund performance evaluation patterns, and a new one, Sortino ratio is presented. After an empirical study of ten typical funds in the stock market in China, it is held that most funds fail to resort to the strength of collective investment and financing by experts after the security investment funds lose the rights issue, and the short medium-term performance is not persistent.

Key concepts: Umbrella fund, Business, Investment fund, Finance, Empirical research, Investment (military), Manager of managers fund, Fund of funds

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