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The influence of SIFs managers’ characteristics on fund performance: an empirical study in China

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  • Liang Wang
  • Meiqi Liang
  • Wenyan Cao
  • Handi Jing

Abstract

This paper adopts principal component analysis to assign weights to three fund performances obtained independently by the Sharpe index, Jensen index, and Treynor index. Therefore, a comprehensive model for the performance of Chinese securities investment funds (SIFs) is derived by combining these three indexes. The empirical study shows that the regression between SIFs managers’ characteristics and fund performance is better when using this comprehensive measurement model. Moreover, SIFs managers’ experience and tenure have negative and positive effects on fund performance, respectively. However, their gender, education level, professional qualification holdings, research experience, and abroad experience, do not significantly influence the fund performance.

Suggested Citation

  • Liang Wang & Meiqi Liang & Wenyan Cao & Handi Jing, 2023. "The influence of SIFs managers’ characteristics on fund performance: an empirical study in China," Applied Economics Letters, Taylor & Francis Journals, vol. 30(14), pages 1978-1985, August.
    • Handle: RePEc:taf:apeclt:v:30:y:2023:i:14:p:1978-1985
    DOI: 10.1080/13504851.2023.2186343
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