Function Of Futures Investment Fund Research, And Prospects In China

The course of the international futures market's development indicates that the investor structure mainly with the form of institutional investors is an important symbol for the maturity of futures market. The futures fund is an important form of institutional investors. Nowadays, the futures fund has become one the most developing investment scope in the world. But unfortunately, the futures fund hasn't been found in our country, the research and exertion of futures fund is few both in theory and in practice. Therefore, under the circumstance that our financial futures exchange has been established and the stock-index futures is going to be presented to public, the research of futures fund's function and its developing foreground has very important realistic significance.The text first expounds the basic circumstance of futures fund such as its classification, emerging, development and its operating; then through academic model and a series foreign empirical analysis, we know that the futures fund has the function of reducing the risk and increasing the profit of investment portfolio; Besides, it has the function of making profit at various economic circumstances. Next, we analysis the necessity and feasibility of developing our futures fund, this text indicates that the futures fund can provide a dispersive investment instrument to common investors, it is not only propitious to cultivating institutional investors, perfecting the investor structure of futures market, boosting the exertion of the futures market's function, promoting its healthy development; But also be propitious to perfecting investment portfolio and increasing the institutional investor's ability of risk control. At present, we have had the condition of developing our futures. At last, combining a series empirical analysis of our futures market and stock market, we discuss our futures fund's application prospect.