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Research On Investment Portfolio Theory & Tactics Of Open-end Fund

Posted on:2004-06-17Degree:MasterType:Thesis
Country:ChinaCandidate:Y Y LiuFull Text:PDF
GTID:2156360122960112Subject:Technical and economic management
Abstract/Summary:PDF Full Text Request
By employing risk theory, portfolio investment theory, probabilities & statistics, capital asset pricing model, microeconomics theory, this paper tentatively studies the theory and the empiric example of tactic of portfolio investment of open-end fund. This research includes 4 aspects, namely the basic theory of securities investment fund and open-end fund, risk theory of securities investment, portfolio investment theory of open-end fund, the planning, tactic and portfolio of open-end fund. By the upper researches, this paper tries to discuss the operation mechanism of portfolio investment of open-end fund from the perspective of microscopic and quantitative angle, provide theory support for Chinese open-end fund. On the whole, this paper includes 5 parts:The first part is the basic theory of securities investment fund and open-end fund. Firstly, we can definite securities investment fund on the whole, and summarize 4 basic characters of it. Secondly, class securities investment fund form organization and changing of share, compare the open-end fund and close-end fund from 4 aspects, and bring the conclusion.The second part is an analysis of risk of securities investment. First of all, study the meaning of securities investment and class the risk. Secondly, measure the risk of investment product from the probabilities & statistics angle, and makes conclusion by mathematical induction, provide theory support for evaluate risk of open-end fund investment portfolio.The third part is a theory of open-end fund investment portfolio theory. First of all, discuss the diversification of securities investment and the effective of diversification. Secondly, study the optimization portfolio of securities investment. Thirdly, discuss the capital asset pricing model, empirical analysis by using this model, then make a conclusion.The forth part discuss the investment portfolio theory, investment planning, investment tactic, investment portfolio. Tries to combine the securities investment portfolio theory and investment tactic of open-end fund together, to provide investment tactic idea for the fund industry.The fifth part is an empirical analysis. This part takes Huaan innovation open-end fund as an example. The investment portfolio theory, investment planning, investment tactic, investment portfolio are embodied in the analysis of this example. This part tries to combine the theory with the practice.
Keywords/Search Tags:risk, investment portfolio, risk diversification
PDF Full Text Request
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