本文采用了三个经典的风险绩效指标对随机选择的10个消费型股票基金在最近一年以来投资业绩表现进行计算和排序,并且利用T-M模型对基金的择股和择时能力进行了测算。实证结果表明,总体上,样本业绩表现超过了市场的平均水平,说明了我国的基金经理在消费投向的基金中具备了一定的择股和择时能力。 In this paper, three classic risk performance indicators were used to calculate and rank the performance of 10 consumer-backed equity funds randomly selected in the most recent year. And the stock selection and timing ability of the funds were calculated by using the T-M model. The empirical results show that, in general, the performance of the sample exceeds the average of the market, indicating that the fund managers in our country have a certain degree of ability to choose stocks and choose the right time in the funds invested by the consumers.