A Research On Investment Of Funding QDII

This article elaborates the meaning and significance of QDII (Qualified Domestic Institutional Investors),based on portfolio theory, capital market-opening theory and practce. Because of special status of the funding QDII in the QDII series , the research is about the proceeds and risk and makes theoretical analysis on how to allocating the QDII fund in global market from the from the perspective of fund companies .In this thesis, the first chapter of this article defines the QDII fund, elaborates on significance of the China's QDII, summarizes status quo and displays the structure of the article. Further more, the article analyzes the practice and experience of enlightenment of Korea, Chile's QDII, draws a parallel between the QDII of the department of the Fund, the Bank system, the Insurance, Brokerage and Trust, and descants on investors' favorite subject of funding QDII .The third chapter introducing the five funds and comparing the advantages and disadvantages between them, expounds on the significance of researching on funding QDII. The forth part connecting between the preceding and following chapters starts with the accreditation, supervision and access on the characteristics of the QDII fund, and that it does empirical analysis about the funding QDII status quo by doing a horizontal comparison on investment objectives, investment income and performance benchmark between six funding QDII issued before March 31, 2008, and then describes what the current configuration of the unreasonable.The fifth chapter is the most important part of this article. The first part measures the market risk of China's securities investment fund with VaR theory and model portfolio. It reveals the allocation composition of securities investment fund asset on introduction of the concept of VaR and empirical analysis on investment in overseas markets fund. The second part discusses the optimal asset allocation model which meets VaR limitation of the securities investment funds. This chapter puts an asset allocation model forward, that is, how to constructs the investment portfolio which can solve revenue expectations for the optimization under the conditions of VaR limitation in holding period determined by securities investment fund managers.The sixth chapter is the deep-seated analysis about the forth chapter, from the perspective of funding QDII. It also provides a number of related recommendations to fund management companies about how to do configuration of investing in the market. The conclusion is the overall summary to the forth parts .It connects all of them from the perspective of the overall situation to making them being the one.In terms of research method, the thesis is taking the way of qualitative analysis combined with quantitative analysis, theory integrated with empirical research from the aspects of correlation analysis in the hope of making a deep research into funding QDII system using the securities investment theory, following the analytical route of "current situation- theory and analysis of factors - correlation analysis (international comparison) - positive analysis - policy proposals"...