论文标题:中国发展指数基金的思路探析 The Development of Index Fund in China 论文作者 高平平 论文导师 贝政新,论文学位 硕士,论文专业 金融学 论文单位 苏州大学,点击次数 82,论文页数 49页File Size2418k 2004-03-01论文网 http://www.lw23.com/lunwen_467911572/ 指数基金;被动投资;策略选择;改进方案 index fund; passive investment; strategy; suggestion 20世纪70年代以来,指数基金作为一种低成本、注重风险控制的基金品种,在国际资本市场取得了不俗的业绩和惊人的发展。指数基金在中国虽是个比较新鲜的理财工具,其成本低廉、投资分散、运作透明的优势同样为一大批追求长期稳定收益的投资者所关注。长期来看,中国的国民经济如果能够继续保持较快的发展速度,证券市场的长期发展趋势可以预期,以追踪、拟合指数为目标的指数基金就完全具备发展壮大的良好契机。 文章首先分析了指数化投资产生的理论原因,进而考察国外指数基金的规模业绩。后半部分通过实证来探究中国现有指数基金的发展状况,从而分析现阶段面临的来自于市场环境、投资者意识、基金本身设计、策略选择等方面的问题,并试图探讨适合我国指数基金规范发展的改进方案及创新模式。 本文论证翔实、结构层次分明,采用了定性与定量、实证与规范相结合的研究方法,力求分析和论证全面、客观,使研究成果具有科学性和一定的理论指导意义。 From 1970"s, index fund has been developing very quickly in international capital markets because of it"s good performance.Thougn index fund is still very new in China, its advantages also have been appreciated by those people who pursue long and stable yield. Index fund provides them a good tool to share the result of Chinese economy development. If GDP keeps increasing with a rapid speed and stock market is stable for long, index fund will get more chances in China.First this dissertation introduces the theory of index fund, the scale and yield of foreign ones.The latter half analyzes the yield of Chinese index funds and wants to find out the challenges coming from the market, investors, the design of itself, the choice of strategies,etc.And some effective ways to improve it are very urgent.The dissertation is complete,objective,scientific and instructive.
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