Abstract:

The net value ranking of securities investment fund is an important assessment for securities ranking However, the short time period of performance data on which the evaluation depend has a bad impact on the long-term development of funds This paper, taking moving average of exceeding benchmark return rate of fund and its performance benchmark as the evaluation foundation, makes researches on the shortest evaluation cycle of funds in performance ranking, through quick cluster analysis The results show that at least 6 months of performance data is needed to rank the net value of China’s securities investment funds

Key words: fund return rate, ranking, the shortest cycle