| Structured mutual fund is one kind of innovative financial productwhich emerged several years ago. It fulfill the previous blank of Chinesefinancial market with two sub-funds for investors with different riskaverse. The priority sub-fund will pay fixed return decided in advanceevery period while the aggressive sub-fund get the rest share of themother-fund after paying the promised interest to the priority sub-fund.This thesis firstly introduces the basic concept, development andfeatures of structured mutual fund in China and foreign countries. Afterthat it focuses on the product structure of priority sub-fund, especially onthe structure differences of Shen Wan Shou Yi comparing to other similarpriority sub-funds. Meanwhile, it calculate the theoretical price of ShenWan Shou Yi by discuse the relationship of net value and price. At last,this thesis discuss some market driving factors of priority sub-fund price. |
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