证券投资基金需求与其风格关系的实证分析  

Empirical Study on Relationship between Demands and the Styles of Fund

作　　者：郝源[1] 董晓辉[2] 

机构地区：[1]陕西广播电视大学,陕西西安710068 [2]中国人民大学财政金融学院,北京100872

出　　处：《财会通讯（学术版）》2007年第6期86-88,共3页Communication of Finance and Accounting

摘　　要：以组合管理为基本方法的证券投资基金,由于其投资风格选择的不同会导致投资者对其投资偏好的差异,加之证券市场的非有效性和投资者的非完全理性,投资者对基金的投资决策更多基于心理动机和行为因素的判断。本文运用行为组合理论,对我国证券市场封闭式基金的折价状况进行了考察,分析了证券投资基金投资风格选择对基金需求的影响,针对我国证券市场投资者的需求特点和偏好状况进行了研究。Portfolio management is the basic approach to securities investment funds, because of the different investment styles, investors will have the difference preferences when they make their choice. Investment decision-making almost based on psychological and behaviour factors coupled with the non-effectiveness of the securities market and the non-rational investors. This article anylses the closed funds discount and theirs investment style based on the behavioral portfolio theory and also review the investors...

关 键 词：行为组合理论 投资基金 投资风格 投资者需求 

分 类 号：F832.51[经济管理—金融学] F224