The Studies On The Portfolio Strategy Of The AZ Investment Manage Company In Xiamen

With the deepening of reform and opening up,China's economy and society have been developing rapidly.The traditional financial industry dominated by banks has undergone term changes.Accompanied by the wealth of financial innovation industry innovation products and the support and encouragement of national policies,the fund industry has grown rapidly in China and ushered in the spring of springing up.However,due to the late development,the relevant policies and regulations are still not mature,which makes many fund companies unable to adapt to changes in risk and investment environment and appear mismanaged.How to avoid risks becomes an important condition for the survival of fund companies.As an important theoretical method to evade non-systematic investment risk,portfolio theory has matured abroad.This paper applies it to the risk prevention and control of fund investment,and has implications for the healthy and sustainable development of financial investment industry.This article first discusses the research status of investment portfolio theory at home and abroad,and makes a detailed description and interpretation of the classification and differentiation of funds,the development and application of portfolio theory.Secondly,taking AZ Company as an example to describe the current situation of its capacity building,investment portfolio and investment environment,combining typical case analysis,based on SWOT analysis to fully understand the internal strengths and weaknesses of AZ Company's investment in funds,and the external Opportunities and challenges.Then,the objectives,principles,processes,risk management and income of AZ Company's specific investment portfolio strategy are studied.Finally,with AZ Company as the main entry point,the problems and implications of China's securities trading fund portfolio strategy are summed up and summarized.The research results show that: AZ Company's internal advantages: the professional quality of employees is high;the investment ability of enterprises is increasingly perfect;the investment content has broad prospects.The disadvantages are: the company's operating mechanism is rigid;market agility is weak;equity and investment channels are single.AZ Company's external opportunities: Xiamen municipal government and the national policy of macro-control support;industry technology revolution and so on.Its external threats are: fierce competition in the same industry;longer investment project cycle;imperfect equity exit mechanism.Based on the above SWOT internal and external analysis,we have initially formulated the SO Strategy,WO Strategy,ST Strategy,and WT Strategy developed by AZ Company.To sum up,we can get relevant revelations: On the one hand,AZ company needs to further enhance the portfolio ability of securities,fund managers need to enhance market acumen,improve asset allocation capabilities,improve the follow-up and quality control links in the later stages of investment,prevention and control of late investment The occurrence of risks,and further adjust the level of securities portfolio adjustment,give full play to the self-core competitive advantage of the securities investment industry.On the other hand,as policy makers,it is necessary to reduce or eliminate the restrictions on the allocation of fund assets by relevant unreasonable rules,further open up the financial investment market,and give the investment fund flexibility in terms of asset allocation.