【摘要】：近年來,開放式基金在我國(guó)得到了非常迅速的發(fā)展,它已經(jīng)成為我國(guó)證券市場(chǎng)上一股不可忽視的力量�？茖W(xué)、客觀、公正的開放式基金績(jī)效評(píng)價(jià)體系不僅能夠幫助投資者全面地了解開放式基金的業(yè)績(jī)水平；而且還有助于提高基金管理公司的投資運(yùn)作水平；同時(shí)還能為監(jiān)管部門提供制定政策法規(guī)的參考。目前,國(guó)內(nèi)的開放式基金績(jī)效評(píng)價(jià)體系大多缺乏整體性,評(píng)價(jià)標(biāo)準(zhǔn)各不相同,評(píng)價(jià)結(jié)果甚至相互矛盾。因此,建立科學(xué)、合理的開放式基金績(jī)效評(píng)價(jià)體系,對(duì)促進(jìn)我國(guó)基金市場(chǎng)乃至整個(gè)證券市場(chǎng)的健康發(fā)展具有重要的意思。 本文系統(tǒng)地介紹了開放式基金績(jī)效評(píng)價(jià)的相關(guān)理論與方法,總結(jié)國(guó)內(nèi)外對(duì)基金績(jī)效評(píng)價(jià)的研究成果,然后依據(jù)科學(xué)性、系統(tǒng)性、可行性原則選取了9個(gè)能夠反映開放式基金績(jī)效水平的指標(biāo),運(yùn)用層次分析法構(gòu)建我國(guó)開放式基金績(jī)效評(píng)價(jià)的體系,再分別對(duì)樣本基金在樣本期內(nèi)各個(gè)指標(biāo)因素進(jìn)行評(píng)價(jià)說明,最后結(jié)合模糊綜合評(píng)價(jià)法和灰色綜合評(píng)價(jià)法計(jì)算得到一個(gè)開放式基金績(jī)效的總體評(píng)價(jià)結(jié)果。結(jié)果表明,本文構(gòu)建的開放式基金績(jī)效評(píng)價(jià)體系能夠較好地反映各基金在樣本期內(nèi)的績(jī)效表現(xiàn),與各家專業(yè)評(píng)級(jí)機(jī)構(gòu)的評(píng)價(jià)結(jié)果類似。通過本文的研究,希望能夠?yàn)槲覈?guó)開放式基金的績(jī)效評(píng)價(jià)提供一種新的思路及意見。
[Abstract]:In recent years, open-end funds have been developing rapidly in China, which has become a force that can not be ignored in China's securities market. Scientific, objective and fair open-end fund performance evaluation system can not only help investors fully understand the performance level of open-end funds, but also help to improve the level of investment and operation of fund management companies. At the same time can also provide regulatory departments to formulate policies and regulations of the reference. At present, most open-end fund performance evaluation systems lack integrity, the evaluation criteria are different, and the evaluation results are even contradictory. Therefore, it is important to establish a scientific and reasonable open-end fund performance evaluation system to promote the healthy development of China's fund market and even the whole securities market. This paper systematically introduces the relevant theories and methods of open-end fund performance evaluation, summarizes the research results of fund performance evaluation at home and abroad, and then according to scientific and systematic, The feasibility principle selects 9 indexes which can reflect the performance level of open-end funds, constructs the system of performance evaluation of open-end funds in China by AHP, and then explains the evaluation factors of each index factor of sample funds in the sample period. Finally, a general evaluation result of open-end fund performance is obtained by combining fuzzy comprehensive evaluation method and grey comprehensive evaluation method. The results show that the open-end fund performance evaluation system constructed in this paper can better reflect the performance of each fund in the sample period, which is similar to the evaluation results of various professional rating agencies. Through the research of this paper, we hope to provide a new way of thinking and advice for the performance evaluation of open-end funds in our country.
【學(xué)位授予單位】：江西理工大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2012
【分類號(hào)】：F832.51;F224

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本文編號(hào)：2285816