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  本文關(guān)鍵詞：我國開放式股票型基金績效的實證研究　出處：《復(fù)旦大學(xué)》2012年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 開放式股票型 選股能力 擇時能力 基金績效

【摘要】：自1998年以來,我國證券投資基金業(yè)已走過了13個年頭�？v觀基金行業(yè)的發(fā)展歷程,基金業(yè)總體發(fā)展速度較快,在資本市場的影響力日趨增強(qiáng),成為最重要的機(jī)構(gòu)投資者之一。截至2011年9月30日,我國共有基金管理公司67家,管理基金867只。基金資產(chǎn)凈值合計21310.03億元,基金份額規(guī)模24506.83億份。在這13年的發(fā)展歷程里,我國基金經(jīng)歷了2001年至2005年的五年熊市,也經(jīng)歷了2006年至2007年的牛市,更經(jīng)歷了2008年市場暴跌之后的持續(xù)震蕩。不言而喻,證券投資基金也在我國資本市場占有重要的一席之地。 對于廣大的投資者而言,隨著我國證券投資基金業(yè)行業(yè)的不斷發(fā)展壯大,基金同業(yè)之間競爭的加劇,與此同時,基金業(yè)也面臨著其他理財產(chǎn)品的競爭,眾多風(fēng)格迥異的基金增加了廣大投資者在基金的甄別和遴選方面的困難。同時,市場上諸多的明星推薦、基金評級和排行榜,更使得投資者無所適從。 市場上的公募基金數(shù)量與日俱增,但各只基金對于資產(chǎn)的投資管理能力卻是參差不齊。目前,雖然公募基金的數(shù)據(jù)較為豐富,但投資者如何才能對眾多的公募基金績效進(jìn)行有效的比較,是實業(yè)界和學(xué)術(shù)界都關(guān)心的問題。 本文就此選取開放式股票型基金為樣本,針對基金經(jīng)理選股能力和擇時能力進(jìn)行研究,基于影響證券投資基金投資收益的因素,考察各影響因子對基金績效的影響,以便引導(dǎo)投資者在投資開放式股票型基金是,做作出較佳的投資選擇。
[Abstract]:Since 1998, China's securities investment fund industry has gone through 13 years. Throughout the course of development of the fund industry, the fund industry's overall development speed is enhanced in the capital market influence, become one of the most important institutional investors. As of September 30, 2011, China's total of 67 fund management companies, fund management 867. The net value of the fund assets total 2 trillion and 131 billion 3 million yuan, the fund size of 2 trillion and 450 billion 683 million copies. In the course of development of 13 years, China's fund experienced in 2001 to 2005 five years bear market, also experienced from 2006 to 2007 of the bull market, more experienced a sustained concussion after the 2008 market crash. It is self-evident that the securities investment fund also has important a space for one person in the Chinese capital market.
For the majority of investors, with the continuous development of China's securities investment fund industry industry, the competition between the fund industry increased, at the same time, the fund industry is also facing the competition of other financial products, many different styles of fund to increase the fund investors in the screening and selection problems. At the same time, many of the recommendations the star on the market, the fund rating and ranking, makes investors more confused.
The number of funds raised on the market but the fund to grow with each passing day, asset investment management ability is uneven. At present, although the abundant raised funds, but investors how to conduct effective comparison of the performance of public fund is numerous, are concerned about the industry and academia.
This paper selects the open stock fund as a sample, to study the fund manager's stock picking ability and timing ability, the influencing factors of the investment return of securities investment funds based on the investigation, all the influence factors on the performance of the fund, to guide investors in the investment of open-end funds, make better investment choices.

【學(xué)位授予單位】：復(fù)旦大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2012
【分類號】：F832.51

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本文編號：1372107