现今,开放式基金已经成为中国证券市场重要的机构投资者。基金绩效持续性着眼于对基金过去表现与未来表现之间关系的研究,即基金绩效是否具有可预测性。对投资者而言,如果基金绩效具有持续性,那么有关基金过去表现的信息对投资者就会有重要的利用价值。因此,通过实证探讨我国开 Today, open-end funds have become important institutional investors in China’s securities market. Fund Performance Sustainability looks at the relationship between past performance and future performance of the fund, ie, whether the fund’s performance is predictable. For investors, if the performance of the fund is persistent, then the past performance of the fund will have an important value to investors. Therefore, through empirical study of our country open