证券投资基金投资绩效分析

Analysis of Performance for Investment Fund

本文依据资本市场理论 ,通过应用事后证券组合特征曲线的回归分析 ,对证券投资基金的投资绩效及其投资组合策略进行实证研究。结果表明 :投资基金全都获得了超出市场平均水平的超额收益率 ,且投资绩效显著 ;基金组合投资绩效产生的原因不是来源于基金的市场时间规划效果 ,而是来源于优良的股票选择。

This paper discusse the performance and portfolio strategy about investment fund through the regression analysis of SCL based on capital market theory. The results indicate that the extra rate of return to investment fund is better than to the average of the market.