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Review of the Benchmark |
SHENG Ji-Liang, MA Yong-Kai |
1.University of Electronic and Technology of China,Chengdu,China;2.Jiangxi University of Financial and Economics,Nanchang,China |
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Abstract In the past 30 years,benchmark has been used broadly in performance evaluation,risk recognition and risk control in portfolio management.The theoretical research of benchmark and its application at home and aboard were systematically reviewed.The property of the benchmark and its construction method and function in portfolio management were summarized.The insufficiency of the present research was pointed out and the application prospects of benchmark in China was presented.
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Received: 09 December 2004
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