International Conference on Engineering and Business Management (EBM 2010 PAPERBACK)

Chengdu,China,China,3.24-3.26,2010

ISBN: 978-1-935068-05-1 Scientific Research Publishing, USA

Paperback 6066pp Pub. Date: March 2010

Category: Engineering

Price: $280

Title: Research on the Performance Characteristics of Chinese Opening-end Investment Funds
Source: International Conference on Engineering and Business Management (EBM 2010 PAPERBACK) (pp 3830-3833)
Author(s): Huihui Hao, Resources & Economic Trade Department, Zhengzhou Institute of Aeronautical Industry Management, Zhengzhou, China
Abstract: Abstract: In recent years, the open-end investment fund has become important institutional investors in China's stock market. This paper selects 41 funds established before 2008 as a sample, and selects the latest data from January 2008 to January 2009 as the object, when the stock market is extremely volatile. By using the method of the international fund evaluation: average yields, Johnson index and Fama-French three Jensen index, and combining the current situation of Chinese fund, the paper analyzes the performance characteristics of Chinese opening-end fund. Research results show that most of funds cannot prevail in the market index, and the stock fund is better than other types of funds.
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