Research on the Performance of China's Partial Equity Hybrid Public Fund
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v6i1.3541
Abstract
China's fund market has developed rapidly in recent years, and funds have been favored by investors due to their low investment threshold, wide variety, and professional management. Therefore, conducting a reasonable performance evaluation of funds is essential to help investors make better product choices. This paper uses monthly data from 2013 to 2023 to analyze and rank the performance of China's partial equity hybrid public fund. The results show that: (1) most of the funds are ranked close to each other when using the three single-factor indexes to rank their performance; (2) the Fama-French three-factor model and five-factor model have good applicability to the study of the performance of China's partial equity hybrid public Fund, and some of the factors have significant impacts on the fund's returns.
Keywords
partial equity hybrid public fund, performance evaluation, asset pricing
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[3] Treynor, JL. How to rate management of investment funds[J]. Harvard Business Review, 1965, 43(1): 63-75.
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[5] Corso Kruk D, Coppe Pimentel R. Performance evaluation models applied to the Brazilian mutual funds market[J]. International Journal of Emerging Markets, 2024, 19(8): 2134-2151.
[6] Ajadi A D. An empirical evaluation of the performance of Nigerian pension fund managers[J]. African Journal of Economic and Management Studies, 2024.
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