Research On Risk Management Of Stock Fund In Investment Operation

Risk management is one of the core of investment operation of stock fund, especially risk of modern financial is more complex, uncertain, diffused, covert and paroxysmal. How to keep away from risk, how to deal with risk, and making use of risk chance to earning higher return has been the focus of modern management. Characteristics of stock fund as a main type of investment fund is analysed in this thesis, and risk management was introduced. Based on it, the system of risk management of stock fund in investment operation was studied. The result of the study is a good system design and operation is necessary for a good risk management result. The core of risk management is the right choice of methods. Corresponding and applied risk measurement methods are chosen for three main risk of the fund in investment operation and the methods of all steps of risk management flow are summarized.On above studies, the dealing with risk method of economic capital limits structure is proposed in this thesis. This kind of structure incarnates the view of modern risk management that is risk has dual trait, the stock fund ought to maximize the return at a fixed risk level or minimize the risk level at a fixed return level. This method makes up the flaw of traditional methods of risk management. It makes risk management of stock fund more scientific and effective. The method is easily understanding and operative. Most important, it can more logically collocate the capital of stock fund to the chance of earning more return.