Empirical Test of the Relationship between the Performance and the Concentration on Stocks of Chinese Security Investment Funds

Wei Hu
2010 International Journal of Economics and Finance  
The concentration on stocks of security investment funds reflects fund managers' utilization degree of the inefficiency of market, so certain relationship exists between the performance of funds and the concentration on stocks. By analyzing practical data of Chinese stock investment funds, the relationship between the performance and the concentration on stocks is tested in the article, and the result shows that properly high concentration on stocks can help to enhance the risk adjusted return
more » ... f funds, but too high concentration on stocks will influence the timing selection of funds. And in the test, some different results are discovered.
doi:10.5539/ijef.v2n1p23 fatcat:biey3x6oanb6jal2suo56sqmja