A Review of Evaluation Methods for Security Fund Performance
Liang Ma · 2005
The development of evaluation methods for security fund performance has accumulated many research achievements. During the course, the factor or index used to evaluate security fund performance is always the bone of contention, which is also the main route that the development of evaluation methods followed. Early e-valuation methods were single-factor and comprehensive performance evaluation models, multifactor models came up subsequently. On the basis of comprehensive performance evaluation, scholars divided the fund performance into market timing ability and securities selection ability.