Performance Research Of Chinese Money Market Fund

Since the end of 2003 China began issuing money market funds (MMF), General downturn in the stock market in 2004, various investment products generally loss of money market funds using the results of a 2.49% growth in average net alone show. That is why money market funds has investors pursued, but also raises the issue last year, money market funds and purchase upsurge. To gain market share, many fund managers to raise funds through illegal operations yield to attract investors. Against this background, in order to reduce the risk of money market funds, to protect the interests of investors, make money market funds to "cash flow management" color return, SFC last year on April 1 formally instituted the "notice on the operation of money market fund investment" and "money market fund information disclosure requirements." New regulations limiting money market funds enlarged leverage ratio unified valuation standards, and in time, stricter control of the Fund portfolio duration, which makes the short-term money market funds to further narrow the gap between income levels. At the same time, because the new rules regulating the operation of money market funds and money market funds yield has significantly declined. Many large fund companies not to yield in order to speed growth, have limited the purchase of scale.The Sharp introduced on the index VaR model for the adoption of the model in China in 2004 began issuing money market funds only eight performance analysis, Then adopted a more select the best performance of the helping money market funds, their performance as a result of variables, the scale of independent variables, a second curve fit, and through the second curve to find the optimal size of our money market funds.In reaching the above empirical analysis, the longer our money market funds and US money market funds compared to my money market fund deficiencies.The final policy recommendations : to the development of China's money...