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开放式基金作为国际上投资基金的主流形式,在我国推出一年多来,取得了一定的发展,其投资理念亦逐步为广大投资者所接受。开放式基金作为一种追求投资收益的理财工具,具有其独特的优势,但同时也必然伴随着一定的风险,因此正确分析评价开放式基金的风险特点并采取相应的对策,对于更好的发挥开放式基金的功能,保证开放式基金的长远发展具有重要意义。开放式基金的系统性风险 开放式基金的系统性风险是指基金投资于证券市场必须承受的其外部发生的,非基金本身所能控制的来自政治、经济、政策、法令的变更等所导致的市场行情波动而产生的投资风险。 1、宏观经济因素。宏观经济因素包括经济周期、货币政策、财政政策、通货膨胀率、国际收支状况等因素,它们对开放式基金将产生经常性的影响。例如,在经济高涨时期,股市价格大幅上涨,基金
As the mainstream form of international investment funds, open-ended funds have achieved some development since they were launched in our country over the past year, and their investment concepts are gradually accepted by the majority of investors. Open-end fund, as a kind of financial instrument, pursues the return of investment, has its unique advantages, but it must also be accompanied by certain risks. Therefore, the correct analysis and appraisal of the risk characteristics of open-end funds and the corresponding countermeasures will be helpful for better performance The function of open-end funds, to ensure the long-term development of open-end funds is of great significance. Systematic risk of open-end fund The open-end fund systemic risk refers to the fund’s investment in the securities market must bear its external, non-fund itself can be controlled by the political, economic, policy, decree changes caused by Investment risks arising from market fluctuations. 1, macroeconomic factors. Macroeconomic factors include the economic cycle, monetary policy, fiscal policy, inflation, balance of payments and other factors, they will have a recurring impact on open-end funds. For example, in the period of economic boom, the price of the stock market rose sharply, and the fund