Notice of RetractionStudy on Performance Evaluation of Chinese Mutual Funds--Empirical Analysis of Chinese Mutual Funds after Reform of Non-Tradable Shares in 2005

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Starting from the development of open security investment fund in China, the essay concludes the references on performance evaluation methods of security investment fund from domestic and foreign research outcomes. The methods of fund´s performance, security selection ability as well as timing ability are introduced. We focus on the mutual funds in China in this empirical research. The models involved are Treynor index, Sharpe index, Jensen index, Treynor-Mazuy model, Henriksson-Merton model. It is found that most Chinese open funds have no statistically significant selection and timing ability, as well as that stock investment funds have no obvious statistical advantages over other kind of funds even in bull period of year 2006 to 2007.