开放式基金业绩的内在影响因素——基于中国证券市场的分析

本文通过对我国股票型开放式基金的有关数据进行实证研究,甄别出了影响基金业绩的主要内在因素。研究结果表明,基金的管理费用率、总费用率及基金经理变更频率对基金业绩均有显著影响,而基金规模对基金业绩的影响并不显著。

Internal Influence Factors on Performance of Open-ended Funds——Analysis Based on China's Securities Market

By making empirical study with the data of China＇s equity open-ended funds, we find out the main internal influence factors of the yield. It turns out that management expense ratio, total expense ratio and the changing frequency of fund manager may have significant effects on the open-ended fund performance. Meanwhile, the size of the fund does not affect the yield.