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A Study On The Factors Of Open-end Funds Performance

Posted on:2011-11-17Degree:MasterType:Thesis
Country:ChinaCandidate:J J WuFull Text:PDF
GTID:2189360308477158Subject:Management Science and Engineering
Abstract/Summary:PDF Full Text Request
Although securities investment fund industry in china starts later than mature financial markets and develops for a short time, the development momentum is extremely swift and violent. Since 1998,the number of securities investment funds increased to more than 500, the variety of funds also has been more and more rich, presents the tendency of various types of open-end funds replace the closed-end funds to become the market mainstream. Especially in recent five years, open-end funds have made a significant improvement both in quantity and size. Open-end funds are increasingly becoming an important investment which is available to investors in our securities market as the stocks. Domestic and foreign scholars had done many researches on the performance of open-end funds, but most of researches were before the split share structure reform. Considering most of the listed companies in our stock market achieved, or partly achieved circulation in 2009, this article select the latest date from 1 to 4 quarter in 2009 to study the relationship between the stock, bond, mixed these three types of open-end funds performance and the fund size, the total size of the similar open-end funds in fund companies, the age of open-end funds.This article mainly includes following five parts: The first part is introduction part, it mainly describes the background and significance of research topics, reviews relevant research results at home and abroad, and also puts forward the key issues which need to be solved. The second part describes china's securities investment fund industry , the definition and classification of securities investment funds, introduces the characteristics, classification, development trends and investment risk of open-end funds, and open-end fund performance and its influence factor analysis. The fourth part is research conclusions and open-end investment strategy analysis. The five part is the summary and the research forecast to the full text, including the work this article does and future might does.
Keywords/Search Tags:open-end funds, fund performance, fund size, fund age, multiple regression analysis
PDF Full Text Request
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