Strategy Of New Agricultural Insurance Portfolio Of Personal Account Fund

Presently, China’s endowment insurance system is suffering the impact ofpopulation aging severely, longevity risk lead to growing pressure to pensionpayment. In this paper, the main research object is witch asset allocation strategyshould be taken to make the new rural social endowment insurance achieve goodinvestment returns, in guarantee the premise of safety and liquidity. Research byempirical analysis and theoretical analysis, based on the reality in China, make theasset allocation strategy of new rural social endowment insurance personal accountsto be more effective and improve the implementation of asset allocation proposal.based on the particularity of new rural social endowment insurance, the mostimportant question of individual account funds invested in capital market to consideris: how to build the portfolios and witch investment tools to choose, so as to realizethe risk given the maximum profit. Based on bank deposits, bonds, equity funds, theShanghai and Shenzhen index and monetary fund as the endowment insurance fundinvestment portfolio selection tool, in the Chinese capital market for nearly eightyears of data on the basis of constructing portfolio for the empirical analysis, and putforward that: according to our country’s capital market investment environment，theratio of Fixed income asset allocation should be between20.0%-64.0%, the ratio ofliquidity asset allocation should be between10.0%-47.5%, the ratio of high-yieldasset allocation between1.0%to30%is appropriate. Based on the oriented principle,this paper mainly adopts Markowitz mean-variance model, combined with thepractical operation of China’s new rural social endowment insurance individualaccount and the capital market development situation, calculate and analysis the newrural social endowment insurance asset allocation problem of individual account.This paper also used the comparative analysis method, using the super efficient DEAmethod to compare and analyzed to explain the new rural social endowmentinsurance account of individual of asset allocation choice. Because of the researchobject of this paper is highly practical and the study area is lack of quantitative analysis, in order to make up the defects, this article mainly adopted the method ofquantitative analysis.the main innovation of this research is that: in the aspect of practical application,this paper for the new rural endowment insurance individual account studies thesolution of the problem,and provides a new train of thought, is a forward-lookingexploration. The individual account proposed by asset allocation strategies andspecific implementation method, can effectively guarantee the premise of safety andliquidity, improve personal accounts yield, so as to improve the endowmentinsurance of the ginseng protect people welfare level.