我国证券投资基金的风险管理及对策研究

A Study on the Risk Management Strategy of Mutual Funds in China

证券投资基金的风险主要是系统风险和非系统风险。文章认为,股票选时是减少基金的系统性风险,选股是减少非系统性风险。文章建议采取民法措施规避基金经理道德风险,完善证券投资基金信息披露制度,提高基金股东对基金经理的选择与监督能力,成立更多低风险固定收益债券型证券投资基金,进行基金制度创新,改原有的契约型证券投资基金模式为合伙制基金或公司制基金,建立风险对冲机制和风险对冲工具,强化证券投资基金风险管理。

There are systematic risks and unsystematic risks in mutual funds.The timing of buying shares is to reduce the systematic risks.Shares of individual choice are to reduce the systematic risks.It is necessary to take civil legal measures to avoid the moral hazards,to establish more low-risk bonds of fixed income mutual funds to reduce risks,to abolish the contractual type of mutual funds into partnership mutual funds,to build more company type mutual funds,to establish the risk hedge mechanism and risk hedge tools to strengthen mutual fund risk management.