open-end funds 中文意思是什麼
open-end funds
解釋
公開投資基金-
Analysis on liquidity risk of open - end funds in china
論我國開放式基金流動性風險及防範 -
To the end of december 2002, there are 15 standardized funds management corporations in china, they manage 54 contractual type close - end securities investment funds and 19 open - end funds. the assets size of securities investment funds in china reaches almost 100 billion yuan, correspond to about 10 % of the circulating market price of shanghai and shenzhen stock markets
到2002年12月底，按規范化要求我國共成立了15家基金管理公司，管理了54隻契約型封閉式證券投資基金和19隻開放式基金，中國證券投資基金資產規模約1000億元人民幣，相當于滬、深兩市流通市值10左右。 -
Closed - end funds in china are far outnumbered by open - end funds
摘要近年來我國新設立的開放式基金遠遠多於封閉式基金。 -
The analysis of chinese open - end funds herding behavior
我國證券市場開放式基金羊群效應研究 -
We can draw these conclusions through the analysis in the article : ( 1 ) the conflict between profitability and liquidity is the root of open - end funds liquidity risk ( 2 ) the security market in china is still developing with lots of speculators ( 3 ) the continious and stable development of security market is the precondition of open - end fund. most of open - end funds are in the type of stock, whose performance depends on stock market ( 4 ) so far, the merchanics in terms of block trade, processing trade, as well as derivatives of short sales and risk - hedging is still in progress, which restrict fund managers ' competence to control risk and increase their stress in dealing with liquidity risk
（ 3 ）證券市場持續穩定地發展是開放式基金得以長足發展的保障。現有的開放式基金絕大多數是股票型基金，其業績依賴于股市向好，進而影響投資者是否持有基金的抉擇。 （ 4 ）目前我國證券市場在關于大宗交易、程序化交易、做空機制和規避風險的金融工具等方面的制度尚不健全，制約了基金管理人控制風險的能力，也加大了其面對流動性風險的壓力。 -
Open - end funds, a new vehicle in security market of china, combines the liquidity & convenience of current account and the high return of portfolio, which cause investors " general concern since they have been issued in september 2001
開放式基金是我國證券市場一個新的投資品種，它集銀行活期存款的流動性便利性、證券組合投資的高收益於性一身。自從2001年9月開放式基金在我國發行以來，倍受投資者的關注。 -
In any case, the most important task is to define the role of the depositary and the independent directors regardless which structure has been chosen. at least in the context of open - end funds, it is possible that the regulatory authority could conclude after sufficient experience that a contractual structure, utilizing a strong depositary without independent directors, would be sufficient to safeguard the interests of investors
如果說emh回答了已知的信息對獲利沒有價值的結論，那麼capm則說明市場上的超額回報率是由於承擔更大的風險才形成的結論，因而在一定程度上capm補充了emh的理論空白和可能的漏洞。 -
An empirical study of selectivity and market timing ability of open - end funds managers in china
我國開放式基金選股能力和擇時能力的實證研究 -
Comparison of distribution channels of open - end funds between us and china
開放式基金銷售渠道的中美比較與分析 -
Open - end funds liquidity risk refers to the uncertainty that fund managers can redeem the portfolio at stable price in a given period when a large - scale withdrawal occurs, the extremes of which is quite similar to a run on the bank
開放式基金流動性風險是指基金管理者在面臨大規模贖回壓力時，難以在確定的時間內以穩定的價格將其投資組合變現而引起的不確定性，其極端情況類似於銀行的「擠兌」風險。 -
However, all existing funds in china utilize the contractual model, and the use of the company structure would require certain amendments to the company law in order to allow open - end funds
在此假定下， capm得出：高風險的資產應為高收益率的補償，投資者的最優投資決策應沿資本市場線進行的結論。 -
Open - end funds
無限額基金 -
First, the author confirms that there is not significant relation between fund return and size as well as investment style by examining the data of closed - end funds. it is also proved that the evaluation method is feasible by evaluating the closed - end funds and open - end funds in china respectively. the author compares risk - return character between closed - end funds and open - end funds and the results show open - end funds " performance is not better than that of closed - end funds according to their risk - return character
首先用封閉式基金的數據驗證了基金的收益與基金規模、投資風格並無顯著關系，因此本文暫時不分規模、風格進行評價；然後用本文建立的評價系統分別評價開放式基金和封閉式基金，證明方法是切實可行的；最後就開放式基金和封閉式基金的風險收益特徵進行了比較，結果顯示開放式基金並不優于封閉式基金。 -
Compared with the closed - end funds, open - end funds have no restrictions on the number of issued and the sale price to the net assets, is on sale at the counter and risk characteristics of a relatively small, particularly suited to small and medium investors for investment
與封閉式基金相比，開放式基金具有發行數量沒有限制、買賣價格以資產凈值為準、在櫃臺上買賣和風險相對較小等特點，特別適合於中小投資者進行投資。 -
An empirical analysis of the garch model on open - end funds
模型在開放式基金中的實證研究 -
From last year on, there have been three open - end funds after the huaan - qiuangxin fund founded over the past half year in china ' s security market. it has completed a process of which china has its own open - end fund
我國證券市場從去年華安創新基金推出時起，半年時間內已有三家開放式基金陸續出臺，完成了我國開放式基金從無到有的過程。 -
How to improve sales of open - end funds
開放式基金營銷改善性分析 -
( 1 ) the empirical analysis of the performance, the security selection ability and the market timing ability on 30 investment funds which are set before dec. 31, 1999. the time window is from dec. 29, 2000 to dec. 27, 2002. ( 2 ) the research on the relationship between scale and performance, and the performance of the index funds. ( 3 ) the comparison of the performance of close - end funds with that of open - end funds by selecting 9 close - end funds and 3 open - end funds in the period from dec. 28 2001 to dec. 27, 2002
主要工作包括以下三個方面： （ 1 ）以1999年12月31日以前設立的30隻基金為樣本，選取2000年12月29日至2002年12月27為評價期間，對基金的總體績效、市場時機選擇能力和證券選擇能力進行了實證分析； （ 2 ）對基金規模是否影響基金業績以及指數化基金的業績表現進行了考察； （ 3 ）比較了開放式基金與封閉式基金的業績表現。 -
( 2 ) there is no evident that they have market - timing ability, but have certain security selection ability. ( 3 ) there is no significant effect of the fund scale on fund performance. ( 4 ) on average, the performance of the open - end funds is better than that of the close - end funds and index funds can overwin market benchmark
上述研究的主要結論為： （ 1 ）在大盤處於弱勢背景的情況下，我國證券投資基金的下跌幅度小於市場基準的下跌幅度，其業績表現優於市場基準； （ 2 ）我國證券投資基金不具備市場時機選擇能力，但具有一定的證券選擇能力； （ 3 ）總體而言，基金規模對基金的業績表現沒有顯著性影響； （ 4 ）開放式基金業績表現從整體上優于封閉式基金，指數化基金的業績能超越市場基準。 -
The evaluation of open - end funds performance based on multivariate statistical analysis
基於多元統計分析的開放式基金業績評價
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