我国封闭式基金动量反转效应实证研究  

The Empirical Analysis of CIS/MTS and Performance on China's Closed Funds

作　　者：解为[1,2] 

机构地区：[1]中南大学商学院,湖南长沙410000 [2]长沙航空职业技术学院,湖南长沙410124

出　　处：《长沙航空职业技术学院学报》2009年第2期80-82,共3页Journal of Changsha Aeronautical Vocational and Technical College

摘　　要：由于证券投资基金作为机构投资者在我国证券市场中的作用日益突显,基金采取什么投资策略,以及各种投资策略的绩效如何等问题开始逐渐被理论界和投资者关注。以行为金融学典型的反转投资策略和动量交易策略为划分依据,应用GTW模型,从实证的角度对当今我国封闭式基金的投资策略进行了研究。Nowadays the stock mutual funds as the structural investors play an increasingly significant role in the stock market. What are the strategies the funds undertake？ And how do these strategies work？ Such questions have gradually got attention from the theorists and the investors. According to CIS and MTS which are the typical behavior financial investing strategies, this paper bases on model GTW and investigates the investment strategies of China＇s closed mutual funds.

关 键 词：封闭式基金 动量投资策略 反转投资策略 

分 类 号：F830.91[经济管理—金融学]