The Research On The Risk Management Of The Open-ended Fund Of Our Country

The investors of open-ended fund can redeem the shares of fund from fund Company according to market situation and one's own investment decision at any time, so it becomes people's favored result more and more. But just because the investors can freely redeem the open-ended funds, this puts higher request to the risk management of open-ended fund too.This text takes the current situation of open-ended fund of our country as the background, regards "risk management of open-ended fund of our country "as the research object. Through the study on domestic and international relevant theory, it combines the current situation of the security market of our country, regards moral risk, mobile risk, market risk of the open- ended fund as the focal point, carries on overall, systematic, deep studying to relevant problems.First of all, because the open-ended fund can be redeemed freely, its moral risk is nearly ignored by all researchers. In fact its moral risk happens in hindsight, when investors want to redeem, the risk has already taken place. So this text tells us that we should keep lookout the moral risk of the open-ended fund, and then put some pertinent measures. Secondly, the mobile risk is a very important risk existing in an open-ended fund, but because of the particularity of the mobile risk of our country, some past risk precautionary measures are very difficult to be implemented high-efficiently. This text has set up a mobile risk crisis model, and has carried on further investigation on mobile risk. Finally, because the market risk of open-ended fund is a kind of systemic risk, it is very difficult to dispel it through some valid ways. This text has carried on research to the market risk of open-ended fund, and has opened up a new road for the market risk through a kind of risk administrative skill in vogue in the world.