大学教育基金管理问题及对策研究

Management of University Endowment Funds in China and Development Strategies

本文研究了大学教育基金投资模拟指数的收益表现及抗风险性。基于基金公司的投资收益数据,文章构建了大学教育基金投资的模拟指数。研究发现,表现较好的基金投资指数可以实现约10%的投资收益,剔除金融危机影响收益更高,并且可以有效规避通货膨胀因素的影响。因此,在自主管理大学教育基金限制过多的情形下,高校可以委托专业基金管理机构来管理大学教育基金。

We tested the performance and risk resistance of modified indexes of endowment funds in Chinese universities. Based on the investment profits data of China＇s fund management companies, we modified the indexes to represent the investment performance of China＇s endowment funds. We found that a modified funds index could achieve a profit rate of up to 10%, which would be even higher if the impact of financial crises was taken into account, and it could effectively help avoid inflation risks. Therefore, with over too many constraints on self-management of university endowment funds, universities can commission professional fund management companies to manage endowment funds.