The Measurement of Investment Risks in Listed Open-ended Fund
This paper attempts to research on the measurement of the investment risk of the listed open-ended fund by means of variance-covariance method.By considering the investment weight of stocks and funds,the investment risk of the stocks and funds can be measured and the original model of VAR can be changed into the model of the measurement of investment risk.By empirical study,the conclusion is:the investment risk of bond fund is lower than that of stock fund;the proportion of investment risk in per net worth is big;the investment risk and per net worth of the listed open-ended fund is being related.Investors can use the conclusion to make the right decision;Fund operators can also use it to pay attention on the investment risks promptly.
listed open-ended fund stock investment risks bond investment risks VAR model variance-covariance method
Cui Lu Shujun Ye
Economics and Management School,Beijing Jiaotong University,Beijing,China,100044
国际会议
大连
英文
1439-1444
2008-07-27（万方平台首次上网日期，不代表论文的发表时间）