Accounting Of Net Asset Value Of Fund And Analysis Of Investmen Value

As the largest institutional investor in the stock market, the investment fund of China was introduced in the progress of the reform of China, and is steadily becoming more and more mature. Due to its stability and profitability, the fund has won welcome widely from normal investors, and is becoming an important tool for financing and investing. However, while the fund market expands rapidly, and various types of fund abound in the market, the research work on simple and practical method that analyzes the investment value of a fund keeps relatively complicated and lags behind. Thus, it is of important meaning both in theory and in practice to give normal investors a kind of help and guide by constructing systematical and practical methods for analyzing the investment value of the specific fund.For the above reason, we carry out our work from the base composed of theoretical research and empirical study, and the actual situation of the development of the stock market in China. In this paper we start from the"net asset value of the fund"that normal investors usually concerns on and are familiar with, explain the meaning, difference and calculation principle of a set of common indicators that evaluate the investment value of the fund. Then we explained how to analyze from the aspect of financial analysis factors, such as asset status, profit status and growth status, that influence the investment value of a specific fund through related information published in the annual report of the fund, discussed related problems on the integrated value and grade of the fund, and proposed an investor-oriented method on evaluating the risk-profit of the securities investment fund. Finally, based on the assessing framework constructed by the indicators mentioned above, we analyzed 20 open-end funds in the domestic market between 2007 and 2008 using principal component analysis method, accomplished integrated analysis on the risk-profit of the securities investment funds.In this paper, we combined quantitative analysis and qualitative analysis, theoretical research and empirical study, constructed an entirely new platform for helping normal investors thoroughly understand fund accounting and analyze the investment value of the fund: As the core of the fund accounting, the net asset value of fund is the starting point of calculating other related indicators, and is also the base of analysis on investment value of the fund. The annual report of the fund is the source of the information and the base of the analysis that help investors thoroughly understand the fund and explore the investment value of the fund. The quality of the fund management company and fund managers is the reflection of the general value of the fund. The grade of the fund is the reference for evaluating and making selection. We also constructed a relatively compact framework for evaluating indicators on the risk-profit of the fund. At the end of the paper, we point out problems that need to be further studied.