论加强中国共同基金投资策略研究的必要性


更新时间:2012/01/20 阅读次数:590

关键字:共同基金 投资策略 投资组合 选择多目标投资 组合管理

摘要/Abstract

中国共同基金经过十年多的发展已经成长为证券市场不可忽视的重要力量,这要求更为有效的投资管理,而有效的投资管理则依赖于良好的投资策略。共同基金的投资策略决定了基金投资组合的构建及其收入与价值的增长,对基金业绩具有举足轻重的作用,但国内学者却未对此给予足够重视。本文通过系统梳理、分析我国共同基金研究,指出共同基金投资策略的研究不足,呼吁重视并加强其研究,并通过介绍国际先进的各种投资策略,吸收投资组合理论的最新研究进展,提出结合中国股市注重市盈率等特点构造新的、适合中国资本市场的投资策略,并丰富基金投资策略的构想,以此促进共同基金行业持续协调规范发展,落实科学发展观,推动中国资本市场运行效率的提高。

After more than 7 years of development in China mutual fund, it has become an important force in the securities market. It requires a more effective investment management. Effective investment management depends on the good investment strategy. Mutual fund investment strategy decides the fund portfolio construction, incomes and increase in value. It plays an important role on the performance of the funds. On the contrary, domestic scholars have not given enough attention on it. This paper systematically analyzes the researches in China mutual fund and pointed out that the mutual fund investment strategy research is insufficient. This paper calls attention to and strengthens its research. Through the introduction of international advanced various investment strategies, we will absorb the investment portfolio theory and the newest research progress of Chinese stock market. Combining with the characteristics of Chinese stock market, we will build a new and suitable structure for the investment strategy of Chinese capital market. Then it will be enriching the fund investment strategy conception, so as to promote the mutual fund industry sustainable development, implement the scientific outlook on development, and promote China's capital market efficiency improving.