证券投资基金绩效评价指标评析及实证

Analysis and Empirical Study of Assessment Indexes of the Performance of Security Investment Funds

在对基金绩效进行分解的基础上 ,对证券选择能力和市场时机把握能力指标进行了深入分析和评价 ,指出证券选择能力和市场时机把握能力是衡量基金绩效的重要内容 ,同时指出了西方传统风险调整收益指标所存在的缺陷 ,并对 2 0 0

Based on the decomposition of security investment funds, the paper makes a thorough analysis and evaluation of the timing ability and security selection ability of a fund manager and then points out the imperfection existing in the adjustment of the earning indexes according to the Western tradition. Finally, the paper conducts an empirical study on the two abilities of the Chinese fund managers in 2001.