Second on the Securities Investment Fund Performance Evaluation Methods, Treynor index, Sharp index and Jensen index measure, and other traditional evaluation methods, but also on sustained fund performance evaluation methods, Morningstar style box methods and the election of fund managers Unit ability and timing ability model.
其次介绍了证券投资基金业绩评价的几种方法，有特雷纳指数、夏普指数和詹森测度等传统评价方法，同时还介绍了基金业绩持续性评价方法、晨星风格箱方法以及基金经理的选股能力和择时能力模型。
De Santa Fund Research Center Spring Jiang tournament also said that at present, four types of industries index is the most reasonable method of valuation of a way.
德圣基金研究中心江赛春也表示，目前，4个工业类别指数是一个最合理的方法估价方法。
Lakonishok, Shleifer and Vishny first designed measurement index of herding behavior in 1992 and studied retire fund by using the H index, but there is possibility of high estimate.
现有文献中没有评述过羊群行为与投资策略的关系，因为以前的研究仅仅研究了投资者在月末或季末持有的有价证券，无法区分这种关系。
Fund net loss of high-position most serious of which, passive management of index funds to bear the brunt.
基金净亏损高的位置最严重的是，指数基金的被动管理首当其冲。
The results showed as follows:(1) the de-farming index of 479 investigated farm households is 79.21% with per capita area of de-farming slope farmland of 0.205 hm~2, per capita grain yield loss resulted from de-farming slope farmland of 74 kg and per capita allowance of 171 yuan from the government in 2003; (2) the de-farming allowance from the government has a bigger influence on a poor household, and if an allowance from the government would be stopped, the re-exploitation of partly de-farmed slope farmland is possible; (3) in 2003, per capita cash income of 479 investigated farm households is 1492 yuan, and its sources mainly from floating employment, selling grain and greenstuff, de-farming allowance, selling products of domestic livestock and poultry and dealing dicker etc.; (4) in a few coming years, those employments of stable and higher earning will be firstly selected by farmers, and high expected value agriculture or rural commerce are going to become the leading livelihood of a good few farmers with some fund or skill.
结果表明：被调查农户人均退耕坡地0.205 hm2，退耕指数达79.21%；2003年479农户因退耕导致的粮食减产量人均74 kg，得到政府补贴人均171元；退耕补贴对贫困农户的影响程度较大，停止退耕补贴后存在反垦可能性。2003年被调查农户人均现金收入1492元，主要来源于外出打工、卖粮菜、退耕补贴、卖畜禽产品和做小生意等。未来几年，能获得稳定收入且报酬相对较高的行业是农民谋生的首选，有资金积累或一定技能的农户正在将生计转向高附加值农业或第三产业。
My AIA fund investment occupies 30% of my total investment. It is not a small amount. My investment is major in H-index stock (2828) and A50 stock (2823). Now there is only 20% cash.
我个人喜欢First state，今年虽然表现不太好，但只要市况转好，基金经理仍是有实力再跑赢大市。
And then study the two-stage fund performance relative market index changes, and analysis of changes in its position.
然后，研究分两个阶段基金的表现相对市场指数的变化，并在其位置变化的分析。
Cash flow casts decision-making important basis and news as company finance affairs, because use cash flow, be OK and evasive in what carry out authority duty to because appraisal of goods in stock and charge booth deserve to wait for method of accountant business accounting, produce what when making a principle, should encounter necessarily abhorrent and index dependency needs the different program gain that cause, the blemish with not tall diaphaneity, can accomplish information state according to the facts, mix sock but sex of test and verify, the revenue and expenditure of bias; cash that does not have a person to be can reflect the concern of the flow direction of company capital and circumfluence dynamicly when foreword, make the policymaker can mirror an evaluation thoroughly to forecast mobile validity in the round, make use a lot of element such as capital time value to undertake information of; cash flow eliminated to be not cash to receive the fund that pays in-house have enough to meet need to move forecasting becoming a possibility, simplified to forecast the analytic computation process of decision-making activity, rose to forecast decision-making efficiency.
现金流量之所以作为企业财务猜测决策的重要依据和信息，是因为采用现金流量可以回避在贯彻权责发生制原则时必然要碰到的因存货估价及费用摊配等会计核算方法的不一致而导致的不同方案利润指标相关性差、透明度不高的缺陷，能做到信息的如实表述、不偏不倚和可验证性，不具有人为的偏见；现金收支可以序时动态地反映企业资金的流向与回流的关系，使决策者可以全面完整地反映评价猜测活动的正确性，使利用资金时间价值等诸多因素进行猜测成为可能；现金流量信息排除了非现金收付内部周转的资金运动，简化了猜测决策活动的分析计算过程，提高了猜测决策效率。一、利用现金流量指标进行财务状况猜测决策通过对现金流量指标进行分析，可以对企业的整体财务状况、偿债能力、获利能力以及未来的发展做出正确的判定和评价，为猜测企业未来的财务状况提供可靠的依据，以得到有利于决策的信息。1。
SSE Composite Index from 6124 points and 1664 points, down nearly 72.8 percent decline compared to the Shanghai Stock Exchange Fund Index from its peak of 5525 points to 2214 points, the lowest point in a decrease of 60%, the relative moderate.
上证综合指数从6124点和1664点，下跌了近72.8相比减少百分之从5525点的高峰，以上海证券交易所基金指数以2214点，在60％，相对温和跌幅的最低点。
Department of QDII fund major investment in state-owned enterprises index October 27 record closing low of 4990 points, suffering from the impact, the only unit of the net value of QDII next to a new level, creating a new low since the establishment.
的QDII基金主要投资于国有部门，国有企业指数10月27日创下收盘的4990点低点，受此影响，该单位净值只QDII的下到一个新水平，创造了成立以来的新低。
Yes, you read that correctly, to maintain constant leverage, this index fund is constantly buying and selling, incurring short-term gains, and doing the worst possible market timing - buying more on margin when prices are high and selling when they're lower.
是的，你没看错，为了要维持一定的杠杆比例，这个指数基金为了短期的获利不断的买跟卖，而且在可能是最差的市场时机，在价格高的时候买入，而在价格低的时候卖出。
P/L Index: net asset return was14.8%, 15.1%, 15.1%, 14.4% these 4 years. Marketshare index: Total fund management assets were 9.7 billion RMB, 14.8 billion RMB, 23.2 billion RMB, and 24.3 billion RMB these 4 years.
收益类指标：从2002年至2005年，连续四年净资产收益率为14.8%、15.1%、15.3%、14.4%；市场份额指标：管理的基金资产总规模四年来分别为97亿元、88亿元、122亿元（其中管理的社保基金份额为23亿元）、268亿元（其中管理的社保基金份额为150亿元）。
It goes by the name of StockCar Stocks Index fund and it really honestly does exist!
它的名字叫做 stockcar股票指数基金和真诚实确实存在！
Among them, the equity fund to operate relatively cautious position and take the initiative to lesser extent增仓; hybrid funds as a result of lower pre-position last week, larger增仓; index funds also have slightly增仓mainly Yinhua Jones 88 Featured and 2 million utility fund Opening taken to enhance the operation of the index.
其中，股票基金的运作相对谨慎的立场，并采取主动较小的程度上增仓，混合型基金作为较低前已位置上周，大增仓；也有小幅增仓，主要是银华道琼斯88精选指数基金和200万公用事业基金，开放采取提高索引操作。
Forth, This research suggests that when misery index is high to invest large fund size will get better fund performance.
本研究建议，当民生痛苦指数高涨时，投资大规模基金，可获得较佳之基金绩效。
The supply of 700 billion in the fund relative 2000, Index of Shanghai Stock Exchange of 2210 o'clock, index of 2001 could be upgoed to another on higher step?
这些资金相对2000年的7000亿的供应量，2210点的上证指数，2001年的指数能否再上行到一个较高的台阶上呢？
According to the Chicago-based Hedge Fund Research data provided by the company, in September, the statistics used to hedge funds, the performance of the index HFRI Weighted Composite Index was down 4.68 percent for the fourth consecutive month Down, and the decrease in August 1998 has been the highest value.
据芝加哥9月对冲基金研究公司提供的数据，统计用来对冲基金，而该指数HFRI加权综合指数表现下跌4.68百分之连续第4个月下，并在1998年8月下降了最高值。
But Eurekahedge Hedge Fund index in September dropped 4.98 percent, a total down 8.1 percent; followed by HFRI Fund Weighted Composite Index, 9 was down 5.42 percent, to October 15 fell by a total of 10.11 percent.
但Eurekahedge的对冲基金在9月指数下跌百分之4.98，共下降8.1个百分点；由HFRI基金加权综合指数，9下跌百分之5.42，其次为10月15日的10.11下降百分之总数。
In other words, the money supply to meet the needs of speculative money demand only exists as speculative fund waiting to buy with cash in hand. It will neither bring about an increase in output, nor will it give rise to any price changes. Judging from the index, money supply fails to correspond with nominal output, which accounts for growth in M2/GDP proportion.
也就是说，用以满足投机性货币需求的货币供给，仅仅作为持币待购的投机资金存在，它既不会带来产出的增加，也没有引起任何的物价变动，因此从指标上来看，货币供应量与名义产出之间发生了脱节，从而出现了M2/GDP比例的提升。
At this point, the index fund issue in the re-appearance after a year of stagnation.
在这一点上，在重新指数基金问题的停滞后，今年出现。