The Research On The Factors Which Affect The Yield Of Internet Money Fund In China

Rise of the Internet IMF could be a massive national financial education.Zero threshold,low-risk and T + 0 make the majority of investors to quickly understand and receive this product.Via the client-side like other mobile phone or computer,investors can check the actual earnings and expected earnings per day,which makes investors more sensitive on earnings changes.However,ordinary investors may not accurately grasp market trends,they tend to be attcted by the publicity high yields,which will lead to follow suit,blind purchase.The investors understand the impact factors of Internet Monetary Fund yiekd will help them understand the product's overall investment return and risk level,grasp market changes and better finance and investment planning.In this paper,theoretical derivation multivariable linear regression model is based on the index of the main factors into the investment portfolio,macroeconomic and capital market categories and using 2013-2014 data,factors affecting China's Internet IMF empirical test.Point to the research objectives,we set the following contents:The first chapter is an introduction.This part describes the background and significance of this study,research ideas and frameworks,data sources and technology roadmap,innovation as well as possible weaknesses.The second chapter is a literature review and theoretical basis.This part reviews the research literature on the the main factors for the Internet Fund,clarifies the concept of the Internet IMF and introduces the relevant theoretical models funds yield factors,under certain conditions,by the theoretical model to the fund yields push factors in the model.The third chapter is the analysis on the status quo of China's Internet development IMF,including current stage of development of the Internet,as well as sample data descriptive statistical analysis.The fourth chapter is the empirical analysis of factors affecting the Internet Monetary Fund,whice is the core part of this content.Firstly,the econometric model and test methods will be explained which is about how to select the appropriate empirical analysis of this paper sample data model;Secondly,analysis the selected Internet IMF empirical data and make preliminary conclusions;finally construct regression model based on the data characteristics.Chapter five is the main conclusions and policy recommendations.Paper summarizes the results of the analysis before,draw conclusions and summary article:Internet money market fund yields depends primarily on its historical rate of return,while the market rate(SHIBOR),bond yields(BOND),money supply(M)on yields have a significant positive impact on the stock market index(STOCK)yields the existence of a significant negative impact,but because of the Internet IMF smaller fluctuations,when these indicators fluctuate significantly,the fund does not yield there will be volatility,but gradually changes within a certain range,the IMF is more suitable for the Internet,such as risk-averse investors.In summary,while findings,combined with China's actual situation,the development of the Internet on how to better the IMF,made specific policy recommendations.