Domestic funds are generally strict in entry and exit, and the requirements for project completion are far less strict than when they are approved. My humble opinion: 1 On the basis of the original tender, we can simplify the design scheme and try our best to complete the original research goal. Explain in detail why you do this, and the evaluation experts of the Fund Committee will consider your actual situation as appropriate. What is fund performance measurement? What are the determinants of fund performance?

I. Measurement of Fund Performance

Fund performance measurement is a measure of fund managers' investment ability and investment level, and its purpose is to identify outstanding fund managers with superb investment ability in the market. The measurement of fund performance is different from the measurement of fund portfolio performance itself. The measurement of fund portfolio performance itself focuses on the return of the portfolio itself, without considering the influence of different investment objectives, investment scope, investment constraints, portfolio risk and investment style on fund portfolio performance. However, in order to correctly measure the investment ability of fund managers, factors other than investment ability must be controlled or compared in fund performance measurement.

Second, the role of the performance evaluation system of securities investment funds

Fund performance evaluation is of great significance, which has at least two functions: first, as a global industry standard, it plays a role in promoting the internationalization of an investment company, attracting foreign investors on the one hand, and facilitating comparison with the international market and the domestic market on the other; At the same time, it can show high credibility, which is conducive to communication with institutional investors and individual investors, thus gaining marketing advantages and maintaining information consistency; The second is internal function. As a company-wide norm, it plays a good role in standardizing information disclosure, market promotion and demonstration, internal control, etc., ensuring the standardization of strategy and process formulation and improving the quality of internal processes and information.

Three. Determinants of fund performance

As far as a fund is concerned, its performance mainly depends on the following factors:

1. Asset allocation

The higher the proportion of stocks in the allocation, the higher the risk and the greater the income. For example, in the rising market in 2006, the Shanghai and Shenzhen 300 Index rose by1210.02%, the open-end equity funds rose by1210.4%, and the open-end partial stock hybrid funds rose by12.46. From April 2004 to June 2005, during the market downturn, the Shanghai Composite Index fell by 42.69%, the open-end stock funds fell by 20.42%, the open-end partial stock hybrid funds fell by 17.74%, and the open-end bond funds only fell by 4.79%.

2. General market performance

The index to measure the rise and fall of the market is the change of the benchmark. The performance of most funds changes with the market. A fund that fits the benchmark well and maintains a stable style is a good fund.

3. The market risk level of the fund

3. The market risk level of the fund

The market risk level of the fund reflects the correlation between the change of fund income and the change of market general income level. According to the size of market risk undertaken by the fund, the income of the fund should be equal to a certain proportion of the general market income level (this ratio may be greater than 1).