PERFORMANCE EVALUATION OF CHINESE NEW FUNDS
摘要
The performance of Chinese investment funds was empirically analyzed using the following models, i.e. Jensen model, Treynor Mazuy (T M) model amd Merton Henriksson model. The results show that T M model is fitted to Chinese investment funds best among these three. But none of them can perfectly interpret the new funds' performance. So, the idea suggested by Jagannathan, Korajczyk (J K) to extend the test was adopted in this paper, and the results show that J K model augmented from the M H can explain the source of excess return of fund Anxin.
引用本文（GB/T 7714）
Ni Su. PERFORMANCE EVALUATION OF CHINESE NEW FUNDS[J]. 上海交通大学学报：英文版, 2001.
引文网络
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