基金名词解释（Fund term explanation）.doc

基金名词解释（Fund term explanation） 1. securities investment fund Securities investment fund refers to a sharing of benefits and risks of a collection of securities investment, through the issuance of units, centralized funds managed by the fund trustees, the fund management and use of funds, stocks, bonds and other financial investment instruments. International experience shows that the fund to guide the savings into investment, stable and active stock market, increase the proportion of direct financing, perfecting the social security system, has great role in promoting improvement of financial structure. The development process of Chinas securities investment fund also shows that the funds development and growth, and promote the healthy and stable stock market the development and perfection of the financial system, play an increasingly important role in the national economic and social development. There are many kinds of securities investment funds, which can be classified in different ways. According to the fund beneficiary units can at any time subscription or redemption and transfer in different ways, can be divided into open-end funds and closed-end funds; investment funds according to the different forms of organization, can be divided into corporate type fund and contract fund; investment fund investment according to different objects can be divided into currency funds, bond funds, stock the fund and so on. Chinas securities investment fund began in March 1998, in a relatively short period of time has successfully realized from closed-end fund to open-end fund, from capital market to money market, the domestic fund management companies to the joint venture fund management company, from inside to outside investment of several major historical leap through the course developed countries for decades hundreds of years, has achieved remarkable results. The securities investment fund has already become the most important institutional investment force and one of the m