4Treynor,J.and K.Mazuy.Can Mutual funds Outguess the Market?[J].Harvard Business Review,1966,(44).
5Zvi Bodie,Alex Kane and Alan J.Marcus,Investments,5th edition.The McGraw-Hill Companies,2002.
6Henriksson,R.D.and Merton R.C.On Market Timing and Investment Performance[J].Journal of Business,1981,(54).
7Chang E C,Lewellen W.C.Market timing and mutual fund performance[J].Journal of Business,1984,(57).
8Eugene F.Fama and Kenneth R.French.Common Risk Factors in the Returns on Stock and Bond[J].Journal of Financial Economics,1993,(33).
9Kent Daniel,Mark Grinblatt,Sheridan Titman,and Russ Wemers.Measuring Mutual Fund Performance with Characteristic-based Benchmark[J].Journal of Finance,1997,(52).
10Brinson.G.P,Hood.L R,Beebower.G.L,Determinants of Portfolio Performance[J].Financial Analysts Journal,Vol.42,No.4.1986.
6Roger G.Ibbotson and Paul D.Kaplan.Does asset allocation policy explain 40,90,or 100 percent of performance? [J].Financial Analysts Journal, 2000, Jan/Feb, pp:26-33.
7Robert C.Merton.On Market Timing and Investment Performance. I.An Equilibrium Theory of Value for Market Forecasts [J].The Journal of Business, Jul. 1981, Vol.54, No.3, pp:363-406.
8Roy D.Henriksson and Robert C.Merton.On Market Timing and Investment Performance.II.Statistical Procedures for Evaluating Forecasting Skills [J].The Journal of Business,Oct.1981 ,Vol.54,No.4,pp: 513-533.
9陈灏珠.实用内科学 下册 第11版[M].北京:人民卫生出版社,2002.1826-1830.
10Roger G.Ibbotson and Paul D.Kaplan:Does asset allocation policy explain 40,90,or100 percent of performance?[J].Financial Analysts Journal,2000(1/2):26-36.
