The rating evaluation carried out by fund evaluation institutions and evaluators generally includes the management organization, management ability, performance and asset allocation of the fund, but does not include the investment varieties and market trends of the fund. Rating evaluation is mainly to evaluate the management level and performance of the fund and provide reference for investors.
To help them better choose fund products that meet their own needs and risk preferences, investors need to make their own judgments and decisions on the specific varieties and market trends of fund investment. Therefore, the results of fund rating evaluation are for reference only, and investors should also make specific investment decisions according to their own risk tolerance and investment objectives.
Fund rating agencies are service agencies that provide fund-related information and data to investors and the public, and fund rankings and performance ratings released by research departments are their main products. For example, china galaxy Securities Fund Research Center, Morningstar Fund Rating, Lipper Fund Center and Fitch Fund Rating.
Because fund rating products are the results of complex mathematical and statistical operations on fund performance, the production process is relatively hidden and the workload of data processing is heavy, so it is obviously unrealistic to account for them one by one. Therefore, the supervision of the fund rating industry should start with the choice of fund rating agencies.
independence
Independence means that the information provided by a fund evaluation institution cannot be influenced by the interests and will of any institution or ten people. The results of fund evaluation may involve the interests of many participants in the fund market. If there is an interest relationship between the fund evaluation institution and the relevant participants in the fund market, the fund evaluation results may be affected by the interests of some participants, thus misleading all users of the evaluation results.
The fund selection and investment decision of park investors have a negative impact on fund sales and fund manager incentives. At the same time, if the evaluation results cannot fully guarantee their independence, the market credibility of the evaluation results will be affected, and even the credibility of the entire fund evaluation industry will be shaken, thus affecting the development of the industry.