摘要
我国开放式基金存在着"赎回异象"。本文利用近几年的数据对我国开放式基金业绩的不可持续性进行了实证研究,在此基础上对开放式基金投资者行为进行演化模拟,认为当业绩不可持续时,开放式基金的"赎回异象"是投资者理性行为的反映。
Open funds have "the paradox of fund redemption" in China. This paper take a empirical study on the unsustainable performance of open fund in China, and then conduct a behavioral simulation. We come to a conclusion that the " the paradox of fund redemption" of open fund in China is the reflection of rational behavior of investors.
出处
《金融发展研究》
2009年第12期62-64,共3页
Journal Of Financial Development Research
关键词
开放式基金
“赎回异象”
行为分析
open fund, "the paradox of fund redemption", behavior analysis