China Securities Investment Fund Investment Strategy Research And Empirical Analysis

With the fast development of securities investment funds in China, the influence of its kind becomes much more significant. The securities investment fund has become an important institutional investor. Its investment strategy and behavior conduct and influence other investors' investment selection.This dissertation describes the history of development of security investment fund, analyzes the various investment strategies, the construction of investment strategy, its deciding factors, selection and execution of strategy and validity of investment strategy. The empirical study indicates that there is much short-term operation. Many violation of regulation are observed. The validity of investment strategy is relatively weak. However, in the period of study, the sample funds won over the index in terms of return rate.