试析证券投资基金对证券市场稳定性的影响

An Analysis of the Influence of Securities Investment Fund to the Stability of Stock Market

证券投资基金对证券市场的稳定性既有积极作用，也有消极作用。开放式证券投资基金对于证券市场的稳定性来说优于封闭式证券投资基金。中长期投资会促进证券市场的稳定；相反，短期投资会加剧证券市场的波动和风险。另外，证券投资基金赎回的数量及赎回价格的公布间隔日，也会对证券市场的稳定性产生影响。因此必须采取有效措施，消除证券投资基金对证券市场的负面作用，促进证券市场健康、稳定的发展。

Securities investment fund plays both a positive and negative role in the stability of stock market. The open type of securities investment fund is better than the close type one in terms of their influence to the stability of stock market. The long and mid term fund will protnote the stability of the stock market, on the contrary, the short term fund will arouse risk and deepen fluctuation of the market. What we need to do is to take effective measures to extinguish negative influence of the securities investment fund and to promote the stable,healthy development of the stock market.