摘要
本文从前十大重仓股占比、股票集中度、行业集中度、投资区域集中度、夏普指数等指标研究基金系QDII资产配置策略与其收益的关系。统计数据结果表明,过于集中的资产配置对QDII基金收益产生了负效应。同时,QDII基金在成立时机选择、资产配置和外汇投资战略上都欠妥当。由此可见,对于QDII产品而言,资产组合的构建需要符合分散国内系统性风险的原则,否则不会使QDII这种外汇投资基金具有特殊的优势。
This paper studies the relation between asset allocation and gains of QDII funds by means of setting up ratios like stock concentration, industrial concentration, regional investment concentration and Sharps index. The statistical data show that too centralized asset allocation poses negative effect on gains of QDII funds. In addition, it is quite controversial about the timing of establishment of QDII funds, asset allocation and foreign exchange investment strategy. From this perspective it requires diversified asset distribution to minimize systematic risks, so that QDII funds can really have their unique advantages over domestic open funds.
出处
《海南金融》
2008年第10期46-50,共5页
Hainan Finance
