The result shows that the conclusion of the three models is basically the same: China's open-end funds lack the market timing ability but possess certain selectivity ability.

从结果上来看，三个模型得出了基本一致的结论，中国开放式基金缺乏市场择时能力，但具有一定的选股能力。

youdao

The result shows that the conclusion of the three models is basically the same: China's open-end funds lack the market timing ability but possess certain selectivity ability.

从结果上来看，三个模型得出了基本一致的结论，中国开放式基金缺乏市场择时能力，但具有一定的选股能力。

youdao