A New Index of Private Offering Fund for Stock Strategy
Journal of Finance and Accounting
Volume 3, Issue 6, November 2015, Pages: 177-183
Received: Sep. 11, 2015; Accepted: Sep. 24, 2015; Published: Oct. 10, 2015
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Authors
Fei Guo, School of Economics, Beijing Wuzi University, Beijing, China
Baosen Wang, School of Economics, Beijing Wuzi University, Beijing, China
Hong Zhang, School of Information, Beijing Wuzi University, Beijing, China
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Abstract
As the deepening reform of China's financial system, private equity funds have been becoming an important part of China's financial system, but there is little research on the index of private equity funds. This paper constructs an index, which covers 98.19% of the stock equity strategy class of equity funds, can better reflect the performance of equity strategy class private equity fund. Through Granger causality test, the Shanghai composite index is a factor that affects the performance of private equity funds in the short term, and in long term they are both factors to each other. The establishment of private equity fund performance index, is conducive to investors and regulatory authorities to further understand the status and history of the private sector. a scientifical private equity fund performance index does not exist at present, so this paper introduced the performance index of private equity funds to improve the financial indicators system, has a strong theoretical and practical significance.
Keywords
Private Offering Fund, Index, Granger Causality Test, Cointegration, VAR
To cite this article
Fei Guo, Baosen Wang, Hong Zhang, A New Index of Private Offering Fund for Stock Strategy, Journal of Finance and Accounting. Vol. 3, No. 6, 2015, pp. 177-183. doi: 10.11648/j.jfa.20150306.12
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