The empirical research of stock selection and market timing of open-end securities investment funds in China under bull market

摘要

Based on T-M model and H-M model, the author analyzes empirically stock selection and market timing of 100 open-end securities investment funds in China under bull market. The research result shows that the most of open-end securities investment funds have some stock selection ability, but it isn't notable in statistics; the most of open -end securities investment funds have some market timing ability; but it isn't notable in statistics.