熊市下我国开放式证券投资基金业绩特点研究  

The Research of Performance Character of Chinese Open-end Investment Funds under Bear Market

作　　者：李宪立[1] 徐丽梅[2] 马光红[3] 

机构地区：[1]上海立信会计学院工商管理系,上海201620 [2]上海社会科学院部门经济研究所,上海200020 [3]上海大学房地产学院,上海201702

出　　处：《上海立信会计学院学报》2008年第3期59-63,共5页Journal of Shanghai Lixin University of Commerce

基　　金：上海市教育委员会重点科研项目(06ZS86)

摘　　要：采用平均收益率、詹森指数和Fama-French三因素詹森指数对我国开放式证券投资基金在熊市下的业绩特点进行了实证研究。研究结果表明:大多数基金业绩基本上与市场指数持平;基金从总体上看偏好于对大公司及成长型公司的投资。Based on average return rate, Jensen index, Fama - French three - factor Jensen index, this paper analyzes positively the performances Character of Chinese open - end investment funds under bear market. The research result shows that most of open-end investment funds cannot prevail in the market index ; general speaking the funds favor the investment in big company stocks and growing company stocks.

关 键 词：熊市 开放式证券投资基金 业绩 

分 类 号：F830[经济管理—金融学]