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论文编号：	690
作者编号：	2120062071
上传时间：	2008/6/20 11:50:06
中文题目：	构建我国开放式基金业绩评价体系
英文题目：	Research on Constructing Perfo
指导老师：	王全喜
中文关键字：	开放式基金;评价指标;评价体系
英文关键字：	open-ended funds;evaluation in
中文摘要：	近年来，我国证券投资基金的规模得到了迅速的发展。开放式基金作为证券投资基金中一种主要形式，己经成为我国证券市场上最重要的机构投资者之一。随着开放式基金的不断发展，建立一个独立完善的开放式基金业绩评价体系，成为了我国证券市场一个亟待解决的问题。在资本市场发达的西方，对基金业绩评价已经形成了一整套独立完善的评价体系，如晨星、标准普尔等。然而，在我国关于开放式基金业绩评价体系的建立还处于起步阶段。绝大部分的评价体系是针对封闭式基金进行的，或者是简单的套用封闭式基金业绩评价的方法对开放式基金业绩进行评价。在基金业绩评价的相关研究中，大部分还是通过简单套用国外普遍使用的业绩评价指标来进行的，而缺少对这些指标模型在我国的适用性的考虑。因此，应该在借鉴和学习西方先进经验的基础上，结合我国开放式基金的实际运作情况，尽快建立一个独立完善的适合我国开放式基金特点的业绩评价体系。 本文采用定量为主、定性为辅的方法，通过学习和借鉴国内外评价体系的基础上，结合我国开放式基金运作的实际情况，构建了开放式基金业绩评价体系。在本文开篇的绪论中，对本文的研究背景、研究意义、研究方法以及研究框架等进行了阐述。本文共分为五章。第一章，对开放式基金进行了简要的概述。第二章，首先对基金业绩评价的理论基础、评价指标和模型进行了系统的回顾，并且分析和评价了这些指标和模型对我国的适用性；最后，对国内外关于基金业绩评价的研究文献进行了综述。第三章，对国内外目前存在的基金业绩评价体系进行了分析和简单的评价。第四章，在借鉴国内外基金业绩评价体系的基础上，结合我国开放式基金运作的环境，构建了适合我国的开放式基金业绩评价体系；并且对所构建的评价体系进行了实证分析。第五章为结论部分，阐述了本文的主要研究结论，并提出了本文的不足以及有待进一步研究的问题。 本文以简单、易操作为主要原则，试图构建一个能够全面衡量我国开放式基金业绩的评价体系，从而为广大投资者进行开放式基金投资决策时，提供具有参考价值的信息。
英文摘要：	In recent years, the scale of securities investment funds in China has sharply developed. As a main kind of securities, open-ended funds have been one of most important institutional investors. With open-ended funds developing, it is a main problem to set up an independent and perfect performance evaluation system for open-ended funds. In developed western capital market, there have been independent and excellent evaluation systems for funds performance. However, in China, it is a starting phase to set up performance evaluation system for open-ended funds. Most researches on funds performance evaluation use indiscriminately foreign commonly used evaluation index, and pay less attention to their applicability for open-ended funds in China. Thus we should set up an independent and perfect performance evaluation system for open-ended funds in China. This thesis mainly uses quantitive and qualitative methods. On a basis of learning western experience, and in regards of operating condition of open-ended funds in China, open-ended performance evaluation system is set up. There are five chapters in this thesis. In Chapter One, summarizing securities investment funds,advantages and types of open-ended funds. In Chapter Two, firstly reviewing theory, index and models for funds performance evaluation; secondly analyzing applicability of these index and models; finally summarizing researching results on funds performance evaluation. In Chapter Three, analyzing evaluation systems of funds performance. In Chapter Four, open-ended performance evaluation system is set up. In addition, demonstrating evaluation system set up. In the last chapter, summarizing results and pointing disadvantages of this thesis and problem for further research. As principles of simpleness and practicality, this thesis tries to set up an applicable evaluation system for open-ended funds in China so as to provide important information for most investors making investment decisions.
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