摘要
在我国,由于证券投资基金的规范化运作时间不长,其业绩评价体系尚处于起步阶段,其方法主要是评价其单位资产净值及其增长率,这一片面的评价标准也使基金管理人出现"操纵净值"现象。立足我国证券投资基金业绩评价体系的实际,通过比较分析理论界和实务界的相关研究,完善我国证券投资基金业绩评价体系的有效方法应当是:不但应当注重体系本身评价工具的更新,还要注重证券市场的改革。这两点作为我国证券投资基金业绩评价体系中外生性因素和内生性因素,都对该体系的构建和完善起着至关重要的作用。
The standardized operation of securities investment funds is hasn＇t been adopted for a long time in China with its achievement appraisal system at a starting stage. Appraising the net asset value per unit and the rate of increment is used as the main method. This one-sided evaluation criterion caused the phenomenon of ＂net worth manipulation＂ operated by the fund managers. Based on the reality of the achievement appraisal system of China＇s securities investment fund and by comparing and analyzing some relevant researches in the academic and theoretical circles, this treatise draws the conclusion that the most effective way of perfecting the appraisal system is to pay greater attention not only to the renewal of the appraisal tool in the system itself, but also to the reform of the domestic stock market. These two points, as the exogenous and endogenous factors, are of paramount importance to the construction and consummation of the appraisal system.
出处
《南阳师范学院学报》
CAS
2009年第7期7-10,共4页
Journal of Nanyang Normal University
关键词
证券投资基金
业绩评价体系
内生性改革
外生性改革
securities investment fund
achievement appraisal system
exogenous reform
endogenous reform
