摘要
开放式基金常用的风险收益评价指标有夏普指数、特雷诺指数和詹森指数,本文比较分析了上述三个指数的适用限制,指出我国开放式基金业绩评价,宜采用“下跌风险”作为度量风险的评价指标来调整基金的投资收益,比上述三个指数更易于作出符合我国资本市场实际的行为金融理论解释。
The commonly used appraisal indexes of risk and benefit of open-ended funds including Sharpe index,Treynor index and Jensen index.This article compares and analyses the suitability and constrain of above three indexes,and points out that China's open-ended funds should use″downside risk″as appraisal index in measurement of risk and adjustment of investment return.Compared with using above three indexes,it is easier to make behavioral finance expla-nation consistent with China's capital market by using this index.
出处
《中国流通经济》
CSSCI
2002年第4期58-60,共3页
China Business and Market