The Empirical Research of the Securities Investment Fund Performance Evaluation with Different Investment Strategy
In this paper we use three indices,Treynor index,Sharp index and Jensen index,to make a composition model to evaluate the profitability and the risk of funds.Using 10 samples data from 2007 to 2009 we proved the investment strategy was the important factor to the funds performance and three indices had high correlativity.In all types of investment strategy,the composition index shows the growth-type funds have the best profitability than the balance-type funds and the index-type funds is the worst one in the period of the sample.
the equity fund investment strategy Treynor index Sharp index Jensen index
Wen yujing Yang chen
College of Economics Tianjin Polytechnic University Tianjin City,China
国际会议
太原
英文
480-482
2011-02-26（万方平台首次上网日期，不代表论文的发表时间）