开放式股票型基金收益率影响因素研究

发布时间：2018-06-24 18:00

本文选题：股票投资 + 开放式基金　；参考：《上海外国语大学》2017年硕士论文

【摘要】：2001年9月11日,经过管理层批准,华安基金管理公司成立了我国第一只开放式开放式股票型基金,从此开放式基金在我国实现了超常模式的发展。在过去的十几年中,开放式基金的数量和资产规模都实现了跨越式的增长。在股票投资开放式基金已经成为我国家庭居民重要理财工具的大背景下,本文以开放式股票型基金为研究对象,分析开放式股票型基金收益率的影响因素。本文首先对相关的国内外研究现状进行了归纳总结,确定影响股票投资开放式基金收益率的因素包括基金经理选股能力、市场择时能力、基金资产规模、成本率、周转率、费率、基金经理变换次数以及基金风险。然后本文结合我国股票投资开放式基金的有关数据进行实证研究,详细分析了上述各因素是如何影响开放式基金收益率的,并根据分析结果提出了关于我国股票投资开放式基金的投资选择原则。本文的分析结论不仅为面对选择股票投资开放式基金难题的广大投资者提供了具有可操作性的参考,同时对我国开放式基金公司如何改善运营管理、提升旗下基金表现也有一定的意义。
[Abstract]:On September 11, 2001, with the approval of the management, Hua'an Fund Management Company established the first open-end stock fund in China, and since then the open-end fund has realized the development of supernormal mode in our country. In the past decade, the number of open-end funds and the size of assets have grown by leaps and bounds. Under the background that the stock investment open-end fund has become an important financial tool for the family residents in our country, this paper takes the open-end stock fund as the research object, and analyzes the influencing factors of the open-end stock fund return rate. Firstly, this paper summarizes the current research situation at home and abroad, and determines the factors that affect the return rate of open-end funds, including the ability of stock selection, market timing ability, fund asset size, cost rate, turnover rate, and so on. Rate, number of fund manager changes, and fund risk. Then this paper analyzes how the above factors affect the return rate of open-end funds in detail, based on the empirical study of the relevant data of China's stock investment open-end funds. According to the analysis results, the paper puts forward the investment choice principle of China's stock investment open-end fund. The conclusion of this paper not only provides an operable reference for the investors who face the difficult problem of choosing the open-end fund for stock investment, but also provides an effective reference to how to improve the operation and management of the open-end fund company in our country. Improving the performance of its funds also has a certain significance.
【学位授予单位】：上海外国语大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51

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