分级基金的低风险投资研究

发布时间：2018-06-23 04:19

本文选题：分级基金 + 折溢价　；参考：《华东理工大学》2017年硕士论文

【摘要】：海外分级基金起源于上世纪80年代,90年代以后得到了快速发展。国内第一只分级基金成立于2007年7月17日,国投瑞银瑞福分级基金的成立,填补了国内证券市场在这一领域上的空白。分级基金的设计理念,主要是为了满足不同偏好的投资人的需求。分级基金在母基金份额的基础上,又分出了低风险特性的A类基金份额和高风险特性的B类基金份额,加上母基金份额,一只基金为投资者提供了三类不同风险收益特征的基金。分级基金的A类份额,具有类似于债券的特征,折价的A类份额几乎没有亏损的风险,因此分级基金的A份额成为了低风险投资者所喜爱的品种之一。本文将对分级基金做出介绍,对分级A类份额的几种低风险投资策略进行研究,结果显示通过低风险投资分级A类份额,可以取得超过市场普遍预期的低风险收益率,可为低风险偏好的投资者提供一些参考和建议。
[Abstract]:Overseas classification funds originated from the 80's and 90's of the last century has been a rapid development. The first domestic rating fund was established on July 17, 2007. The establishment of UBS Ruiford rating fund filled the gap in the domestic securities market. The design idea of graded funds is mainly to meet the needs of investors with different preferences. On the basis of the share of the parent fund, the graded fund has divided the low risk category A fund share and the high risk characteristic B fund share, plus the mother fund share, A fund that provides investors with three different risk-return characteristics. Class A shares of graded funds have the characteristics similar to those of bonds, and the discount A-shares have little risk of loss, so the A-shares of graded funds have become one of the favorite varieties of low-risk investors. In this paper, we will introduce the graded funds, and study several low-risk investment strategies of the graded A-share. The results show that the low risk return rate, which exceeds the market expectations, can be obtained through the low-risk investment classification A share. It can provide some reference and advice for investors with low risk preference.
【学位授予单位】：华东理工大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51

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