Analysis On Investment Portfolio Of Jin Licai Series Collective Asset Management Plan

Since brokerage collection asset management plan was born in2005,the securities company launched a series of collection asset management plans. Increasing in the number of collection asset management plan in securities business, this plan has become important financial product, to promote the construction of the securities market in China. Portfolio is the core content of investment decision about the securities company collection asset management plan. Asset allocation of portfolio is the decisive factors in investment income, it is essentially a decentralized investment. The plan administrators combine the multiple asset classes on the market, formed a more effective portfolio."Jin Licai" series collection asset management plan is more reliable collection financial product lunched by Guosen securities limited company. Because the collection asset management plan is still in the primary stage of development, domestic portfolio theory study is less, lead to "Jin Licai" series of collection asset management plan there are some problems, such as grasping the investment opportunities, choosing investment strategy, preventing investment risks, etc. In this paper, we contrast and analysis the net value of unit and weeks of net growth rate of eight collection products of the "Jin Licai" series of aggregate asset management plan. We use such index as Sharpe index, Treynor index in single index model and participation in the dropout rates to empirical analysis of portfolio each aggregate asset management plan. We compare the performance of each set of plans under different market conditions in the two cycles:the first and second half, studying the status quo and existing problems of the "Jin Licai" series of aggregate asset management plan. At last, feasible countermeasures and suggestions be proposed with the combination of factors.