证券投资基金业绩持续性研究综述.docVIP

证券投资基金业绩持续性研究李德辉（中国科学技术大学商学院安徽 合肥 230026） 关键词：业绩持续性方兆本中国科学技术大学分类号：F830.91 文献标识码：AReview of Investment Funds Performance Persistence Research LI De-hui FANG Zhao-ben (Business School, University of Science and Technology of China, Hefei, Anhui, 230026) Abstract: A number of empirical studies demonstrate that performance of investment funds persist from period to period, which is contrary to the Efficient Market Hypothesis. The existence of persistence and the cause of persistence and the methodology used in persistence are well documented in financial literature. This article makes a comprehen