开放式证券投资基金拓展的规范化研究

【作者】 亢超刚；

【导师】 郭鹏；

【作者基本信息】 西北工业大学 ， 工商管理， 2002， 硕士

【摘要】 开放式证券投资基金作为证券投资基金家族的一个重要分支，正在我国金融市场逐步试点。开放式基金作为新生金融投资工具，国内针对开放式基金的研究仅限于基金管理中某一方面的理论性探讨，而且理论与实践的结合性研究较少，对于该类基金在国内拓展的规范化研究尚无系统性的论述。 本文运用比较、实证和规范等研究方法，以开放式基金拓展的规范化为主题，从开放式基金的发展空间、基金风险管理的规范化、基金营销体系的建立以及基金发展的市场环境建设等方面进行对主题的分解研究与阐述。 文章通过对证券投资基金的发展空间与趋势研究、基金的运作机制研究，指出开放式基金是我国未来证券投资基金市场发展的主流产品，具有广阔的市场空间和发展前景；通过对开放式基金的风险体系和主要风险特点的分析，提出规范化、系统化的风险管理思路与参考性方法规划；通过导入市场营销体系理论，就开放式基金发展的资金渠道方向、销售渠道建设、基金的品种创新等进行深入论述；最后针对开放式基金所依赖的市场背景体系与市场要素，指出市场环境建没对基金规范化拓展的重要性，并为开放式基金的规模发展和规范运作提出建设性建议。更多还原

【Abstract】 This paper explores the regularization of operating the Open-fund on basis of the research of its market potential and operating mechanism. As a key part of the Securities Investment Fund Field, Open-Fund is being launched gradually in China’s financial market.Methods of comparison, demonstration and criterion are used in this article to facilitate the development and popularization of the Open-Fund concept. With the topic of standardization research of Open-Fund development, this article illustrates from the following four aspects of the research: development scope analysis of the Open-Fund, standardization of the fund risk management, establishment of the fund marketing system and market environment construction of the fund development.The first chapter demonstrates the comparison between the history of Open-Fund development in USA and in China, and researches into the operation system of Open-Fund. It comes to the conclusion that Open-Fund will be a popular product in China’s future Securities Investment Fund Market and has great market potential and a prosperous future.The second chapter analyses the risk system of Open-Fund, and points out that the floating risk is the key risk of Open-Fund. Based on this conclusion, a standard and systematic risk management method suggests to be adopted.The following sector explores in depth the capital source channel of Open-Fund development; the sales channel establishment and the variety innovation of the fund by introducing the marketing system theory.Finally, based on the research of market background system and market elements which Open-Fund relies on, the paper points out the importance of market environment construction in the standardizing development of the fund, and gives a constructive suggestion to the scope development and standardizing operation of Open-Fund.更多还原