Funds Performance Evaluation Based on the Investment Strategies

Abstract

Abstract:

Fund performance evaluation is a hot topic in finance. We choose several funds from Chinese top 10 fund management companies as our sample. Based on the detailed analysis of their investing strategies and objectives, we reproduce their investing strategies. This is a new method, and we create our investment portfolio as fund performance evaluation benchmarks to evaluate fund performance dynamically and to judge profiles of fund managers as well. We find that the return of the funds is lower than our portfolio and the managers fail to fulfill the claimed strategies and objectives.

Key words: fund, investing strategies, performance evaluation

Qi Yue, Sun Xinming. Funds Performance Evaluation Based on the Investment Strategies[J]. , 2016, 28(4): 155-165.

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