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投资基金是证券市场发展到一定阶段的必然产物。它除了具有分散风险、共同受益的微观功能外,还具有稳定证券市场、促进经济发展的宏观效应,因此备受世界各国的青睐。但是从我国投资基金1991年诞生之初到目前运行的状况看,上述功能并不明显。笔者认为,这并非投资基金本身有什么
Investment funds are the inevitable product of the development of the securities market to a certain stage. In addition to its microscopic functions of diversifying risks and benefits, it also has the macroeconomic effect of stabilizing the securities market and promoting economic development and is therefore favored by all countries in the world. However, from the beginning of the establishment of China’s investment fund in 1991 to the present situation of operation, the above functions are not obvious. I believe that this is not what the investment fund itself