Domestic funds are generally strict in entry and exit, and the requirements for project completion are far less strict than when they are approved.
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.