我国投资基金业绩的持续性分析被引量：5

On Persistence in Domestic Investment Funds Performance

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摘要基金业绩的持续性是指业绩优秀的基金以后一段时间继续保持优秀的业绩,而业绩差的基金继续表现出差的业绩。如果基金具有持续性,对于投资者来讲,他们可以买进前期业绩优秀的基金,而卖出前期业绩差的基金,来获取超额收益,投资者不必耗费大量的资金和时间去评价和选择基金经理。本文就基金业绩持续性的研究理论方法进行阐述,并对我国投资基金作实证分析。 Perform an ce persistence of funds is defined that those which perform well keep their succ ess whereas those which have poor performances keep going worse.If funds have th e feature of persistence,investors are able to buy the ones which have a prior g ood performance and sell the ones which have a prior worse performance,then atta ining an excess return.In this way,investors won' t spend a great deal of money and time to evaluate and choose fund managers.This article expatiated on persist ence in investment funds performance,and exemplifies domestic investment funds.

作者吴遵方兆本

机构地区中国科学技术大学商学院

出处《价值工程》 2004年第7期64-68,共5页 Value Engineering

关键词基金业绩投资基金业持续性投资者超额收益中国基金经理优秀获取研究理论 investment funds performance evaluation persistence

分类号 N2 [自然科学总论] F832 [经济管理—金融学]

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参考文献16

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