This paper aims to study the liquidity risk of open-end funds in China by empirical means on the basis of Chinese practice and foreign successful risk management experience.
本文从我国证券市场实际情况出发，在借鉴国内外经验和研究成果的基础上，对中国开放式基金的流动性风险进行实证研究。
The redemption mechanism of open-end funds determines its particular liquidity risk.
开放式基金的赎回机制决定了其特殊的流动性风险。
The article then discusses the macro-economic conditions and market conditions of developing Open End Funds in China.
进而探讨了目前我国推出开放式基金所具备的宏观经济条件及市场、人才条件。
Using the risk-adjusted return to evaluate the funds performance, the open-end funds outguess the market, and there is strong correlation between different rankings by using different indexes.
采用风险调整指数对基金进行评价，基金也取得了超过市：场组合的表现，并且各指标对基金排序具有高度的相关性。
Based on the risk characteristics faced by open-end funds, this paper studied the no-load and load funds' optimal holding scale of risky assets, and developed the relevant models.
基于开放式基金面临的风险特征，分别对无负载基金和负载基金风险资产最佳持有规模问题进行了研究，并建立了相应的模型。
We propose some effective strategies of preventing informative risk in open-end funds based on the empirical investigation of China Stock Market and on the fractal theory in this paper.
本文基于分形市场理论及对中国股市的实证研究，提出了开放式基金防范信息性风险的有效策略。
The small trading software, trading only function in support of open-end funds.
小巧的交易软件，只提供交易功能，支持开放式基金。
Furthermore, NAV of open-end funds also had a radical rise with its increase of 115.61% on average, especially in which index funds had 131.25% increases on average by the top of all kinds of funds.
开放式基金净值也出现迅猛增长，平均涨幅达到115.61%，尤其指数型基金异军突起，年内平均净值增长率达到131.25%，居于同期各类基金收益榜首。
As the number of domestic open-end funds growing, and the scale continues to expand, open-end fund sales agency business in the commercial importance of Banks has also been improved.
随着国内开放式基金数量的不断增多、规模的不断扩大，开放式基金代销业务在各商业银行中的重要性也在不断的提升。
Finally, the paper makes some advices to the problems our domestic open-end funds keep yet.
并针对我国开放式基金目前还存在的问题提出了建议。
When the funds is redeemed in a large scale, the liquidity risk of open-end funds will take place, which leads to a vicious circle between the funds redemption and the stock price decline.
一旦投资者预期发生变化，基金的大面积赎回可能导致开放式基金的流动性风险，并引发“基金赎回—股价下跌—赎回放大—股价进一步下跌”的恶性循环，从而影响金融稳定。
Thus conclusions that the open-end funds exacerbated the stock market's volatility.
从而得出结论：即开放式基金加剧了股票市场的波动性。
Until the end of 2009, there are 66 fund managing companies that manage 611 funds in China: 575 open-end funds and 36 close-end funds. 94% of all funds are open-end funds.
截至2009年底，我国基金管理公司共有66家，管理的基金数量共有611只，其中开放式基金有575只，封闭式基金有36只，开放式基金的数量达到发行基金的94%以上。
This paper investigates the influence of fund manager turnover on fund performance using a sample of open-end equity funds.
本文以开放式股票型基金为研究对象，实证研究了基金经理更换对基金绩效的影响。
The result shows that the conclusion of the three models is basically the same: China's open-end funds lack the market timing ability but possess certain selectivity ability.
从结果上来看，三个模型得出了基本一致的结论，中国开放式基金缺乏市场择时能力，但具有一定的选股能力。
In China, the similar issue will be in the field of open-end funds.
对于我国而言，类似的流动性风险集中体现在开放式基金领域。
This process only safe, fast and securities commission, the new system on-site open-end funds, and other functions.
此程序只进行安全、快捷的证券委托交易，系统新增场内开放式基金等功能。
Because the liquidity risk of open-end funds is mainly from large amounts of redemption, it is more appropriate to predict the large amounts of redemption by using truncation distribution method.
由于开放式基金流动性风险主要来自于大额赎回量，因此使用截尾分布方法预测未来近期的大额赎回量更合适。
Open-end funds generally refer to the Shanghai index, if you see the fund's holdings details, and then view the stock charts of the time-sharing is even more accurate.
开放式基金一般参考上证指数，如果看到基金持仓明细，再查看股票的分时走势图就更准确些。
Open-end funds generally refer to the Shanghai index, if you see the fund's holdings details, and then view the stock charts of the time-sharing is even more accurate.
开放式基金一般参考上证指数，如果看到基金持仓明细，再查看股票的分时走势图就更准确些。
应用推荐