Study Of The Social Security Fund Portfolio

Social security fund is the last guarding line for the whole nation and its people, which is of vital importance to people' s life. With the develop of China' s stock market, social security fund has become the current fashion. Social security fund can maintain its value, increase its value and materialize its promise to the people only by entering capital market to share economy growth. Meanwhile, social security fund, being a gradually developing institution investor, plays an important role in balancing our stock market and optimizing resource locating. How to meet the increasing demand of people' s living standard and how to materialize social security fund' s initial promise have become a focus of governments and people.Social security fund took the first step into stock market in 2003, with the total stock market of 1.866 billion, and this number has increased to 115 billion. National social security fund has developed form 10 billion in 2000, to 70 billion in 2007. The rapid development of total social security fund has sharpeaed the performance review problem and investment empirical analysis. This paper based on this background, analyzes social security fund performance review and investment empirical analysis, in the hope of proposing solutions to government and investors.Main task of this paper:1. To introduce the current status of social security fund operation and management.2. To define the connotation of social security fund and analyzing object of this research.3. To illustrate the relation between social security fund and stock market and the important of the former entering the later one.4. To do an all round performance review and a invest analysis based on portfolio theory and modern fund performance review theory and optimized portfolio.(1) Social security fund industry analysis.(2) Social security fund main stock analysis.(3) Social security fund combined stock holding analysis.(4) T-M model, H-M model, and C-L model to analyze timing ability of six main stocks for social security fund.(5) An A-V model of the national social security fund for an optimized investment solution.