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The Study Of Our Country's Mutual Fund Risk And Its Control

Posted on:2002-09-04Degree:MasterType:Thesis
Country:ChinaCandidate:L XuFull Text:PDF
GTID:2156360032953867Subject:Systems Engineering
Abstract/Summary:PDF Full Text Request
The scale of our country's mutual fund has expanded greatly since Jintai fund and Tianyuan fund have been established in I 998.As a dealer investor, mutual fund contributes enormously to stabilize securities market. However, compared with mutual fund in the western mature securities market, There is a great disparity between them both in investment environment and in investment management of investment companies, which creates hidden danger to securities market and mutual fund trade. Therefore, it is necessary to correctly realize and efficiently prevent the risk of mutual fund for the development of our country's securities market and economy.In this thesis, we firstly analyzed the type of the mutual fund risk in our country. Secondly, we analyzed the reason of mutual fund risk from micro-aspect and macro-aspect. Then, we drawing a conclusion: First of all, it is the faulty of institution innovation in our securities market that causes we have more systematic risk and company risk than that of western mature securities market. Secondly, mutual fund itself lacks scale effect and high-qualified managers, and operations of mutual fund need to be standardized. So we have more management of risk than that of western country. At last, we give some advice about the risk control of mutual fund from investment environment and investment management of investment companies.The thesis belongs not only to theoretical research but also to applied research, and tightly linked securities market. It supplies theoretical and practical feasibility to prevent mutual fund risk from investment environment and investment management of investment companies, which has some reference to develop our countrys mutual fund...
Keywords/Search Tags:Mutual Fund, Risk, Systematic Risk, Unsystematic Risk, Risk Management
PDF Full Text Request
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