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A Study On The Behavior Of Open-ended Fund's Redemption In China

Posted on:2009-10-14Degree:MasterType:Thesis
Country:ChinaCandidate:F ZhangFull Text:PDF
GTID:2189360275972118Subject:Finance
Abstract/Summary:
The open-ended fund is a financial tool for investment and finance,also an important financial system. It is developed along with the economy, the income level improve and from the personal investment and finance needs.In our country, although the open-ended fund devolopment time is short, the development speed is very fast.Hovever at the time of the our country open-ended fund devoloping quickly, it suffered bigger redemption pressure, thus brought resistance for the fast development of the open-ended fund. This paper mainly research the behavior of redmption to the our country.In consideration of time of the open-ended fund devolopment of our nation is not very long, the redemption behavior is subject to a lot of factors, particualy is under the influnce of management level, investor structure ,stock market development and macroscopic economy environment etc.Therefore, this research is the one who carry on the eseach to the our country open-ended fundform fund management's factor, fund investor factor, macroscopic factor and other factors, thus dig out the factors in regulatins, fund management, the fund inverstor to provide the decision reference from the decision makers.
Keywords/Search Tags:open-ended fund, redmption behavior, Linear regression
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