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2011年和2012年上半年,A股市场和基金市场的表现都并不理想。影响证券投资基金业绩的因素有很多,在总结国内外证券投资基金评价指标研究成果的基础上,引用因子分析模型,利用SPSS软件对我国89只开放式股票型基金在2011年～2012年7月13日之间的绩效进行因子分析,归纳出影响基金绩效的两个主因子:即风险因子和收益因子,并对各只基金计算因子得分,最后计算综合得分及排名。结果发现,所研究的89只基金中,有40只基金的表现较其他49只基金来说较为优秀,但整体表现不理想。
In both 2011 and the first half of 2012, the A-share market and the fund market did not perform well. There are many factors that affect the performance of securities investment funds. Based on the research results of domestic and foreign securities investment funds, we apply the factor analysis model and use SPSS software to analyze the performance of 89 open-end equity funds in China from 2011 to July 2012 13th, carry on the factor analysis between the performance, summed up the two main factors that affect the performance of the fund: risk factor and income factor, and calculate the factor score for each fund, and finally calculate the comprehensive score and ranking. As a result, 40 of the 89 funds studied performed better than the other 49 funds, but the overall performance was not satisfactory.