摘要
对基金业绩持续性评价是投资者进行基金投资决策的依据之一。本文运用业绩相对排名法(MPR)对中国封闭式投资基金业绩持续性进行了实证检验,结果表明,从整体来看,所考察的封闭式基金业绩不具有持续性。最后在分析基金业绩非持续性原因的基础上,提出了几点政策建议。
The evaluation of the persistence of funds＇ performance is essential for the investors to make funds investment decision. Using relative annual performance ranks （ MPR）, this paper gives an empirical research as for the performance persistence of China＇s closed funds. The results shows that as a whole the performances of China＇s closed funds of interest is not persistent. In the end, the paper exploits the determinants and several police suggestions are put forward.
出处
《金融研究》
CSSCI
北大核心
2006年第5期92-96,共5页
Journal of Financial Research
关键词
业绩持续性
业绩排名法
费率
Performance Persistence, Performance Ranking Method, Expense Ratio
