Research On Risk Measurement Of Structured Funds

Financial industry is the core of modern economy and occupies an important position in the national economic system.The smooth operation of financial industry is directly related to the process of economic construction as well as the harmonious and stable development of society.With the rapid expansion of financial derivatives,significant changes have taken place in the global capital market,and credit risks have been replaced by market risks.The emerging market risks have restricted the further development of financial markets and financial institutions.Market risk is essentially reduce the risk or loss,assets value of market risk is cyclical,so to accurately grasp the market,the maximum to avoid due to market fluctuations caused by all kinds of financial risk,and the use of leverage in fund investment risk generated by the attention and concern.In the process of the change of the market,the fund through continuous optimization to allow investors have more choice,as the fund share different,face the risks and benefits of fund,the investors are paying more attention to the performance rating fund in the market,so through the discussion of this paper,to clarify the fund risk classification problem,for the vast number of investors to invest in business guidance,has the extremely obvious pertinence and actual effect.The VaR model is built to determine the amount of losses that market financial products or product portfolios may face in the event of market fluctuations in the future under current economic conditions.VaR further to make measurement test(present value basis,existing positions,etc.)became united,let different industry practitioners can through common financial language to see the market risk,financial appraisal institutions also can be released through regular VaR value to the market,for investors to invest market under the condition of the clear transparent,so as to stabilize the market expectations,enhance theinvestor's investment confidence,this to stabilize financial markets,avoid controllable risk has played a positive role in the positive.Using the VaR model based on historical simulation method and monte carlo simulation method to carry out risk management of graded fund can effectively avoid the loss caused by the actual loss of assets,so that investors can make judgment according to their loss tolerance before the risk occurs,and thus guide the fund operation in the future.This paper USES the VaR models of historical simulation method and monte carlo simulation method to empirically analyze the risk of structured mutual fund and compare the advantages and disadvantages of the two sides.The VaR model can not only predict the risk of a single financial instrument,but also comprehensively predict the risk of multiple portfolios.Through advance prediction,the risk and expected return of the fund can be quantified,and the maximum return can be selected within the tolerable risk.This will not only protect the interests of investors,but also enable fund companies to establish a good reputation and promote the stable development of the financial market.